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, on the weekend, Jack Ma Yun, founder of Alibaba, gave a glimpse of the future when he demonstrated a new e-payment system using facial recognition at the CeBIT IT fair in Germany.
Criss-crossing the stage in the style of a Silicon Valley pioneer late Sunday, Ma showed off the technology that uses facial recognition from a smartphone camera selfie as a digital signature, saying he had just used it to send a gift to the mayor of the event's host city of Hanover.
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, a former English teacher, is known for thinking big, and at the CeBIT, which kicked off on Sunday, he was the keynote speaker, addressing an audience that included German Chancellor Angela Merkel.
Like many other companies from the event's official partner country China Cheap Miguel Montero Jersey
, Alibaba - flush with cash from a massive stock listing - is looking beyond the borders of its huge domestic market.
Ma enthused that, while the industrial revolution freed workers from hard labor, the digital "revolution... liberates the strength of the human brain."
"It's not the technology that can change the world, it's the dreams behind the technology that change the world," the 50-year-old told the audience, noting that his dream was to help small enterprises sell on a global market.
Some observers think Alibaba could one day rival the US online giants eBay and Amazon Cheap Trea Turner Jersey
, or just buy them.
"Many people think that's a road that they may pursue, since it would be so expensive to build their own brand (in the US)," said Zia Daniell Wigder, vice-president of Forrester Research.
"Simply making a name for yourself in a market where the leaders have been established for a long time is going to be difficult," he said.
The Chinese giant has already launched an online auction site in the US, called 11main Cheap Anthony Rendon Jersey
, challenged Amazon in the field of cloud computing with a service called Aliyun, and invested $200 million (188 million euros) in Snapchat, a photo-sharing application.
In September 2014, the Hangzhou-based group raised $25 billion on the New York stock market, although the share price has since fallen below the listing price.
The volume of annual trade carried on its Taobao and Tmall platforms, still mostly within China Cheap Washington Nationals Hats
, exceeds that of eBay and Amazon combined.
But Alibaba still faces other challenges - it has been accused of not doing enough to eliminate counterfeits sold on its platforms.
If Alibaba wants to internationalize, said Kitty Fok, analyst at the consultancy IDC, "the No.1 concern is that people buy something that's actually worth their money."
LAGOS? Oct. 6 (Xinhua) -- Nigerian President Muhammadu Buhari will address a Joint Session of the National Assembly on steps being taken to steer the nation out of recession? the country's Senate said Thursday.
However? the Senate did not give a date on? which President Buhari is expected to brief the joint session.
Since the resumption of plenary? the National Assembly has taken deliberate steps aimed at steering the nation out of recession.
One of such steps? especially on the part of the Red Chamber? was the conduct of a two-day plenary session to discuss ways out of recession.
Nigeria's economy formally entered recession when its Gross Domestic Product in real terms declined by 2.06 percent in the second quarter year on year? after a drop of 0.36 percent in the first quarter.
Also? the West African country's inflation rate for August increased to 17.6 percent when the National Bureau of Statistics released its report last week. Enditem
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