Morning Beat: Hewlett-Packard Company (HPQ), Alibaba Group Holding Ltd (BABA), and Alphabet Inc (GOOGL)
Hewlett-Packard Company (NYSE:HPQ) is investing $35 million to set up a Mobile E-services Bazaar for Asia. The investment seeks to enhance the development of E-speak and Wireless Application Protocol solutions for the global market.
The company seeks to equip local application developers an opportunity to develop market solutions for the Asian market. Hewlett-Packard Company (NYSE:HPQ) is also looking to nurture the development of content in native languages as part of the investment.
Set up as a 3,000 sq. ft. incubation center within HP, the Mobile E-services Bazaar will provide partners with the necessary resources and equipment for developing E-services applications
Alibaba Group Holding Ltd (NYSE:BABA) has moved to reassure customers using its products of stringent data and cloud security measures in the wake of growing concerns, especially from US customers. Vice President Yu Sicheng maintains that by being a US listed company they always adhere to all the laws regarding data privacy.
Alibaba is currently focusing on boosting its security capabilities according to Yu. The executive made the remarks at a time when tensions between the US and China over cyber hacking and spying allegations have reached fever pitch
Alibaba Group Holding Ltd (NYSE:BABA)’s Cloud business, which is in the US is already feeling the heat. As a result, the e-commerce giant has opted to allow cloud customers to choose their preferred security products from third party vendors.
Alphabet Inc (NASDAQ:GOOGL) is considering expanding its operations in China according to co-founder Sergey Brin. As part of the ongoing reorganization, Brin says that each unit will be able to make its own decision regarding areas of operation.
The tech giant ended most of its key operations in the country in 2010 following disputes over censorship with the government. However, it continues to operate but in small scale mostly through the sale of ads. The acquisition of stakes in Chinese intelligence startup Mobvoi early this month hinted at the possibility of the tech titan expanding its operation in the country.
It promises to be yet another busy holiday season as people rush to their favorite stores to get gifts for their loved ones. Drones are already in high demand much to the concern of the FAA of the kind of impact their proliferation could have on the airspace. In line with the shopping spree Amazon.com, Inc. (NASDAQ:AMZN) and Wal-Mart Stores, Inc. (NYSE:WMT) have joined the FAA task force to ensure every drone is registered.
The panel working with FAA also includes tech giant Alphabet Inc (NASDAQ:GOOGL) and drone manufacturer DJI. Best Buy Co Inc (NYSE:BBY) and Wal-Mart have also joined the pack to ensure every drone sold out is registered in accordance with the standing Federal Law.
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