A TECHNICAL

Quoting from the site wsj.com Posted by:Dr Ahmed.M.Shaban In  its latest filing  with the U.S. Securities and Exchange Commission, Alibaba disclosed in more detail why the Alipay payment business had to be separated from the Chinese e-commerce giant back in 2011. Bloomberg The additional disclosure came ahead of Alibaba’s U.S.initial public offering , which could happen as early as next month. When Alibaba founder Jack Ma separated the Alipay payment unit from Alibaba Group and took it under his control in 2011, the move prompted objections from major shareholders like  Yahoo   YHOO   +1.43% . At the time, Alibaba said the transfer ensured Alipay could get the license to continue its payment business in China. Yahoo at the time complained that it was blindsided by the transfer, while Alibaba said its board, which included Yahoo’s seat, had previously discussed the matter. Alibaba and Yahoo later reached an agreement on t...

Quoting from the site wsj.com Posted by:Dr Ahmed.M.Shaban Chinese e-commerce giant Alibaba Group has added a new function to its mobile shopping and payment applications that allows people to check the authenticity of drugs by scanning the packages with smartphone cameras. REUTERS China’s pharmaceutical market is growing , but so is the potential market for fake or substandard drugs. This week, the state-run  Xinhua news agency reported  that China’s drug administration has warned consumers about fake cancer drugs being sold online. Alibaba’s Tmall shopping site hosts storefronts for major Chinese drugstore chains, but one of the challenges of selling drugs online is lack of trust. The new feature, available on Alibaba’s Mobile Taobao shopping app and the Alipay Wallet payment app, could address consumers’ – and Beijing’s – concerns about the authenticity and safety of drugs sold by online retailers. Using the same feature, consumers can also scan the pac...