All posts by bobzhang

Fuel of the future: Data

Fuel of the future: Data is giving rise to a new economy  | The Economist

1. An oil refinery is an industrial cathedral, a place of power, drama, and dark recesses: ornate cracking towers its gothic pinnacles, flaring gas its stained glass, the stench of hydrocarbons its heady incense.

Data centres, in contrast, offer a less obvious spectacle: windowless grey building that boast no height or ornament, they seem to stretch to infinity.

 

2.Whether cars, plastics,  or many drugs – without the components of  crude, much of modern life would not exist.

The distillations of data centres, for their parts, power all kinds of online service and, increasingly, the real world as devices become more and more connected.

Date is to this century what oil was to the last one: a driver of growth and change.

Oil is the world’s most traded commodity by value. Date, by contrast, are hardly traded at all, at least not for money.

 

3. Amazon, an e-commerce giant with a fast growing cloud-computing arm, use trucks pulling shipping containers each packed with storage devices holding 100 petabytes.

Facebook and Google initially used the data they collected from users to target advertising better.  But in rennet years they have discovered that data can be turned into any number of artificial-intelligence or cognitive services.

 

4. The new economy is more about analysing rapid real-time flows of photos and videos generated by users of social networks, the reams of information produced by commuters on their way to work, the flood of data from hundreds of sensors in a jet engine.

It is often more profitable to generate and use date inside a company than to buy and sell them on an open market.

It adds to confusion about who owns data.

The dearth of data markets will also make it more difficult to solve knotty policy problems. Three stand out: antitrust, privacy and social equity.

 

data-network effect: use data to attract more users, who then generate more data, which help to improve services, which attracts more users.

learned helplessness: terms and conditions for services are often impenetrable and users have no choice than to accept them.

DiDi Raises $ 5.5 Billion

1. Didi, China’s Uber, Raises $ 5.5 Billion   WSJ

Chinese ride-hailing startup Didi Chuxing has raised $ 5.5 billion in a new funding round. The cash infusion brings the company’s valuation to more than $50 billion.

It will help fuel its global expansion and push into artificial intelligence.

The new funding round includes investments from Menlo park, CA-based Silver lake Parters, Tokyo-based Japanese telecom and tech giant SoftBank Corp., Shenzhen-based China Merchants Bank Co. and China’s Bank of Communication Co.

This funding round makes Didi more valuable than Chinese consumer electronics company Xiaomi Corp., whose valuation was $46 billion after a funding round in December 2014.

Didi’s larger rival Uber unveiled ambitious plans on Tuesday to test flying cars within three years in the hopes of lowering commute times and transportation costs.

2. Didi seeks up to $6 bn to expand beyond China’s borders   FT

Didi Chuxing is poised to raise $5bn-$6bn from investors, an infusion of cash that China’s ride-hailing group will use to expand its transportation services beyond the country’s borders.

The investment will value the company at $50 bn, which makes Didi the world’s second most valuable private tech start-up after Uber.

The deal will mark an acceleration of the fundraising bonanza in the ride-hailing tech sector, which has set records for funds raised, partly because ride-hailing companies burn through so much cash.

Investors in the latest round include tech fund Silver Lake Kraftwerk, Japanese tech group SoftBank and China Merchants Bank. New investors will not have traditional rights due to a proxy arrangement that allows Didi’s management to retain voting control.

The funds will bolster Didi at a time when it is facing regulatory pressure in China’s biggest cities, which have cracked down on out-of-town drivers that work for the service.

Didi has made investments in San Francisco-based Lyft, Grab in Southeast Asia and Ola in India.

3.China’s Didi Said Near Deal to Become Most Valuable Asia Startup   Bloomberg

  • Ride-hailing service plans to raise at least $5 billion
  • Didi said to raise funds for automated driving expansion

Ride-hailing giant Didi Chuxing is near an agreement to raise at least $5 billion in a deal that would make it the most valuable startup in China.

Didi’s investors include SoftBank Group Corp., Silver Lake Kraftwerk, China Merchants Bank Co. and an arm of Bank of Communication Co..

The deal is aimed at giving Beijing-based Didi sufficient capital to pursue an ambitious agenda in China and beyond.

While the four-year-old start-up has so far focused on ride-hailing services in the domestic market, it’s looking to expand into more countries and invest in technologies from autonomous driving to artificial intelligence.

Didi wants to take advantage of data on 300 million users across some 400 cities.

Didi opened an artificial intelligence lab in Mountain View, California last month, called Didi Labs.

 

Hello World

blogging with wordpress

(Photo  1.2.2017  in NSYSU )

I still remember the first time I have met WordPress through the search engine. I just thought it was a blog platform and did not pay much attention at that time.

Blogging is not so popular today for Zimeiti or “self-media” through social networks like Twitter, Facebook, Instagram makes a hit and attracts big investment. And it is more convenient to share your ideas there.

In terms of writing, everyone seems to be able to write something they like or the public fancy and even make a fortune this way. To me, writing is recording, it is a kind of self-reflection. You experience, you think and you write, happy or sad.

A thousand mile journey begins with just one step.

This is the start for me to write, to record, and to share.

My blog mainly consists of three parts.

First, it is about digital marketing. You can have a basic understanding of digital marketing and try some useful tools through the posts.

Second, you can get some materials if you want to learn English, Japanese or Finance.

Third, I will post some pieces of news from famous magazines or newspapers including The Wall Street Journal, Financial Times, The Economist, The New York Times.

Hello, New World!