Alibaba chairman Jack Ma to establish institute for training of tech entrepreneurs in Indonesia

​Jack Ma, executive chairman of China’s Alibaba Group Holding, said on Saturday he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce. Ma did not say when the Jack Ma Institute of Entrepreneurs would launch, but said the aim was… Read More Alibaba chairman Jack Ma to establish institute for training of tech entrepreneurs in Indonesia

Facebook give details of impact of latest security breach 

Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported. The company said it would message affected users over… Read More Facebook give details of impact of latest security breach 

Walmart acquires online lingerie retailer Bare Necessities

Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space. Walmart last week acquired Eloquii, a fashion startup that sells plus-sized clothing. The company also tied up with comedian… Read More Walmart acquires online lingerie retailer Bare Necessities