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Safaricom in talks to bring M-Pesa support to Amazon.com


Safaricom in talks to bring M-Pesa support to Amazon.com
Safaricom is holding talks with Amazon.com about the use of mobile money service M-Pesa on the e-commerce giant’s platform, part of efforts by the Kenyan telecommunications operator to expand global reach and bounce back from a first profit decline in a decade.
M-Pesa accounts for about a third of Safaricom’s revenue, and East Africa’s largest company sees the fintech product as key to future growth. The carrier already has partnerships with a unit of China’s Alibaba Group and PayPal.
Safaricom and Amazon already work together on Web services while the Nairobi-based company runs local cloud sales for the US giant, CEO Peter Ndegwa said in response to questions on the latest talks, which were announced alongside full-year earnings on Thursday. “It is an important partnership as we go into new areas such as cloud,” he said. ....

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Jack Ma makes rare visit to Alibaba headquarters in Hangzhou


Jack Ma makes rare visit to Alibaba headquarters in Hangzhou
Reuters
5 days ago
© Reuters/Yuya Shino
FILE PHOTO: FILE PHOTO: Jack Ma, founder and executive chairman of China s Alibaba Group, speaks in front of a picture of SoftBank s human-like robot named pepper during a news conference in Chiba
BEIJING (Reuters) - Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a rare visit to its Hangzhou campus on Monday during the e-commerce giant s annual Ali Day staff and family event, company sources said.
The billionaire has kept an extremely low profile since delivering a speech in October in Shanghai criticising China s financial regulators, which set off a chain of events that led to the shelving of what would have been a record $37 billion initial public offering of Alibaba s affiliate Ant Group. ....

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Snickers Taste of Blood? It's in Bed With the 2022 Beijing Olympics


Snickers Taste of Blood? It’s in Bed With the 2022 Beijing Olympics
Commentary
The Snickers confectionary division of the Mars food group is the only U.S. company with a direct Beijing sponsorship deal for the 2022 Winter Olympics. Snickers failed to adjust after the United States, along with parliaments in the UK, Canada, and the Netherlands, called for an end to genocide in China against the Uyghurs. Mars persists in its China deals nonetheless.
Snickers supposedly prides itself on its human rights policy, leaving the company’s candy bars with not only a bloody, but a hypocritical, aftertaste. Mars CEO Frank Reid was quoted by the China International Import Expo (CIIE) in 2019 as saying, “As a beneficiary of China’s deepened reform and opening-up policy, Mars will continue to support this strategic vision and contribute to a better world we want tomorrow.” A “better world” led by Beijing? Please, Frank. ....

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Why Is Alibaba 'Full of Gratitude' for Record $2.8 Billion Fine Imposed by Beijing?


Why Is Alibaba ‘Full of Gratitude’ for Record $2.8 Billion Fine Imposed by Beijing?
Commentary
China’s Alibaba Group found itself under the spotlight following a record antitrust fine slapped on the tech giant, yet it openly expressed its gratitude to the Chinese regime.
On April 10, the world’s biggest e-commerce company was fined 18.2 billion yuan ($2.8 billion) by Chinese regulators for anti-competitive tactics, as the ruling Chinese Communist Party (CCP) tightens control over fast-growing tech industries in the mainland. But Alibaba quickly responded and said in an open letter that it is “full of gratitude and respect,” as it would not have achieved its growth without sound government regulation and critical support. ....

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