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Anthony Ross, CEO of JA Resorts and Hotels, said the group's Manafaru resort hosted over 5,000 holiday goers from China in the past year, accounting for about 50 percent of total guests.

Ant said it holds 26 indigenous core technology products, 18 international and national awards for key technologies, and some 26,000 patents or patent applications across 40 countries and regions, spanning multiple technology realms from artificial intelligence, risk control, security to blockchain and robot advisory services.

Ant Financial is banking on its 520 million users, who are adept at managing wealth via internet channels, to promote such products. The service uses consumer analytics to recommend the most suitable funds for each user, which are calculated based on previous investments made through the platform and a survey filled out during the sign-up phase, as mandated by regulators.

Another cool thing at Amazon was how they are their own Guinea pigs. They explained how they are coming out with a new product soon where people who live in apartment buildings in cities like New York will soon be able to utilize a central locker in their neighborhood to securely receive Amazon packages. To test this out, Amazon employees receive their own packages at similar locker locations on its campus.

Another good story he shared was how he came up with the name Alibaba. He said he wanted a name that would be globally acceptable and when he asked Americans what they thought he said it resonated. People assumed?it was a reference to the folk tale, “Ali Baba and the Forty Thieves.”