E-commerce company Alibaba has joined the competition for the best smart glasses with the announcement that it will launch Quark AI Glasses before the end of 2025. It joins industry giants such as Meta and Xiaomi.

This will be Alibaba’s debut in the wearable technology space, offering glasses that incorporate AI and aim to “improve productivity and make users’ daily lives easier.”

The Quark AI Glasses product offers features such as “hands-free calling and music streaming,” real-time translation ideal for travelers, and even a smartwatch with a built-in microphone. Also, “meeting transcription that can save time when taking notes; a built-in camera to capture moments or documents; guided navigation and price comparison on Taobao; instant payments through Alipay,” among others.

These features are supported by Quark, the digital assistant developed by Alibaba, and Qwen. It is based on its own artificial intelligence model. All of this allows the smart glasses to interpret voice commands, manage tasks, and offer contextual responses.

“Unlike Meta, which has focused on integration with social networks, Alibaba’s focus appears to be on productivity, commerce, and everyday services. The ability to directly access platforms like Taobao or Alipay makes these glasses a practical tool for everyday life in China.”

The company is entering the digital world by launching the Quark AI Glasses, which “act as a mobile and intelligent interface that extends the user’s digital experience beyond the mobile phone or computer.”

M.Pino

Source: wwwhatsnew

(Reference image source: Ban Daisy on Unsplash)

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La entrada Alibaba’s Quark Smart Glasses to be launched before the end of the year apareció primero en Bitfinance.

Shoppers using the Alibaba electronics conglomerate will soon have a new luxury store in the metaverse. This is the brand’s new commitment to get in touch with its customers immediately, safely and reliably.

To satisfy the most refined tastes, Alibaba joins other brands that since the launch of the metaverse have joined the new trend of having a presence in the virtual environment.

Without a doubt, the presence in the metaverse is the most ideal to enhance the interaction between merchants and customers. Alibaba takes advantage of this versatility to reach the segment with the highest purchasing power in China.

Success seems to be assured through a series of updates and virtual events. This joins the 3D shopping campaigns, use of virtual reality and augmented reality that Alibaba has already been implementing, which seeks to build the largest luxury market by 2025.

Digital experiences in the metaverse

The immersive experience is highly appealing to shoppers, who love the super pets, that are now replacing supermodels in digital runway shows. In addition, they can take selfies with the super pets, participate in exhibitions and prize draws.

It is important to mention Alibaba’s innovation in this segment through the launch of the Meta Pass, which allows the customer VIP digital access to the portfolio of Burberry or Max Mara products. Also, they offer certified guarantees based on blockchain, to provide security to buyers.

M.Pino

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Source: peru-retail

La entrada Alibaba prepares its luxury store in the metaverse apareció primero en Bitfinance.

The Chinese e-commerce giant Alibaba assured that it “will strive” to maintain the trading of its titles on the New York Stock Exchange (NYSE), after the United States Securities Market Commission (SEC) has threatened to exclude it from quote for 2024.

The Chinese company confirmed that last week it was singled out by the SEC, along with other Chinese companies, after the US regulator determined that Alibaba Group had failed to facilitate inspection of its accounting for the fiscal year ending March 31.

In this situation, if the accounts of a US-listed company cannot be audited for a period of three consecutive years, the SEC is obliged to prohibit the securities of said company from being traded on any of the US markets, including the New York Stock Exchange or in the US “over-the-counter” markets.

Alibaba, which recently announced its intention to become a primary dual-listed issuer on the New York and Hong Kong stock exchanges, stressed that it will comply with applicable laws and regulations and “endeavour to maintain its listing status on both the NYSE and the the Hong Kong Stock Exchange.

K. Tovar

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Source: Diariosigloxxi

La entrada Alibaba will seek to remain on the New York Stock Exchange apareció primero en Bitfinance.

China wants to have greater control of its technologies and is taking measures that limit the actions of large companies in the sector. Alipay, the payments giant owned by Ant Group, is one of those affected.

The Chinese rulers are not very interested in the business of credits and microloans that are made in Alipay, but in the financial data of their clients, that is why the government of Xi Jinping wants the Ant group to give them the information of its users.

The objective is to create a new independent application, but for this Ant will have to provide the information, which in many cases is automated, and on which its decisions to grant loans are based.”

According to the publication made by the Financial Times, Beijing is planning to close the Alibaba Payment App to found a new credit company where the State would be a shareholder.

It is the first time that state-owned organizations have sought to remove a “substantial stake in Ant’s credit rating joint venture”, aiming to institute a “personal credit rating company in which Ant and Zhejiang Tourism Investment Group Co Ltd will each own 35 % of the company, while other state-backed partners, Hangzhou Finance and Investment Group and Zhejiang Electronic Port, will each hold just over 5 %.”

Last April, the regulatory institutions asked the Ant group to transform its business into a “financial holding company”, ordering it to divide its two areas. One of them is Huabei, which works in a similar way to credit card companies, and the other is Jiebei, which is dedicated to microcredits.

M. Rodríguez

Source: publico.es

La entrada China intends to phase out Alipay to create a new independent platform apareció primero en Bitfinance.