Chinese Tycoon Jack Ma not seen since October
Where is Jack Ma, the founder of Alibaba? China’s best-known entrepreneur, e-commerce billionaire Jack Ma, has not been seen in public since he angered regulators … Read more
China orders Alibaba founder Jack Ma to rectify ‘illegal activities’
Central Bank of China says the governance of the Ant Group is unreliable and that “illegal activities” need to be rectified. The Chinese government, which … Read more
Jack Ma Foundation and Alibaba Foundation share clinical experience from frontline medical workers to global medical institutions
The Jack Ma Foundation and Alibaba Foundation are today sharing some key lessons and experience from doctors and other medical administrators and staff at the … Read more
An awful year for the Chinese hi-tech giants
Until recently, China’s tech giants seemed to pose a real threat to Silicon Valley. According to an interesting analysis by Bloomberg, 2018 was a nightmare … Read more
The Big Brother Gone Modern: Social Credit System in China
The story of the social credit system began in 2014 when it was proposed by the Chinese government. by Eugene Michaels One year late, eight … Read more
China approves personal credit platform for online lending
China’s central bank on Thursday gave the green light to a credit-scoring platform for individual online lending activity. The company, under the name Baihang Credit … Read more
Alibaba’s drones deliver packages over water for the first time
Alibaba announced Tuesday that it has used unmanned aerial vehicles, commonly known as drones, to deliver packages over water for the first time. Three drones … Read more
Amazon’s grocery push playing catch up with Chinese e-commerce giants
BEIJING (Reuters) – As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China’s tech giants are already digesting hefty bricks-and-mortar deals, taking the … Read more
China’s Alibaba becomes major sponsor of Olympics
DAVOS, Switzerland (Reuters) – Chinese e-commerce company Alibaba has become a major sponsor of the Olympic Games after signing a deal with the International Olympic … Read more
Propaganda Games in China – Sesame Credit
Sesame credit – The Chinese dystopian credit system to rate each citizen’s trustworthiness.
By 2020, everybody in China will be enlisted in a wide national database that gathers financial and government data, including minor petty criminal offenses, and distils it into a solitary number positioning every native.
Sesame Credit is an online service that uses residents online networking postings, their purchases and even their companions to allot a score to every individual that effects their lives.
In Extra Credits’ most recent video, they examine this very thing.
As their essential illustration, they utilize Sesame Credit, a product created by Tencent in a joint effort with the Chinese Government.
A standout amongst the most prominent tasks is by Sesame Credit, the financial wing of Alibaba.
With 400 million clients, Alibaba is the world’s greatest web shopping site. It’s utilizing its exceptional database of purchaser data to arrange “social credit” scores for every citizen.
Clients are urged to parade their great financial assessments to companions, and even potential mates.
China’s greatest matchmaking service, Baihe, has collaborated with Sesame to advance customers with great credit score, giving them noticeable spots on the organization’s site.