Alibaba Continues Pushing Beyond E-Commerce With Two More Strategic Investments
The Chinese internet giant pours money into a big retail chain in China, as well as a popular South Korean messaging platform.
To become a multifaceted global powerhouse like Amazon (AMZN) – Get Amazon.com, Inc. Report , Chinese e-commerce giant Alibaba (BABA) – Get Alibaba Group Holding Ltd. Report is increasingly moving beyond its core e-commerce business to search for new avenues of growth.
Over the weekend, Alibaba announced it had formed a strategic partnership with Shanghai Bailian Group, one of China's largest supermarket and department store chains, in order to deepen its so-called "New Retail" strategy. And on Tuesday, Alibaba's finance arm, Ant Financial, announced a $200 million investment in South Korea's dominant messaging app Kakao Talk.
Of the retail deal with Bailian, Alibaba said it plans to employ technologies such as artificial intelligence, Internet of Things, and big data to help some of Shanghai Bailian Group's 4,700 outlets to achieve better integration between their offline stores, merchandise, logistics and payment tools.
The collaboration is far from Alibaba's first foray into online-to-offline retail, which the company calls "New Retail" to describe a future where the distinction between physical and virtual commerce becomes obsolete.
In January, Alibaba struck its largest retail deal to-date with Beijing-based department store chain Intime Retail Group, taking it private for as much as $2.6 billion. Apart from Intime, Alibaba has also spent $4.6 billion for a minority stake in Chinese electronic appliances retailer Suning Commerce Group, and $305 million in supermarket chain Sanjiang Shopping Club.
"New retail reimagines the relationship between consumers, merchandise and retail space by leveraging mobile Internet and big data. It will upend the traditional manufacturing and supply chain, the connection between merchant and consumer, as well as the overall consumer experience," said Daniel Zhang, CEO of Alibaba in a statement. "Businesses will increasingly embrace big data and new innovations to better identify, reach, analyze and serve their customers, and their digital transformation will be empowered by Alibaba's ecosystem."
PTGC Toppers: Photontek vs Alibaba Kingsbrite
For this grow I will using a 5×5 tent with a 4×4 flood table and running Cement Shoes S1 fems from Cult Classic Seeds. I will be growing in Rockwool again and I think I will be hand watering this round which hopefully won’t be too hard based on having the raised flood table. I put 15 seeds in distilled water for 24 hours, put in a damp papertowel for 24 hours and then placed in 1.5″ Rockwool blocks. I soaked the blocks in distilled water at 5.5 PH and nothing else.
In my two other grow areas I have a 720w and a 480w Kingsbrite light. Both are 3500k running UV & IR LED bulbs. Both of the other fixtures have Meanwell drivers that are dimmable.
In this grow journal I am going to use the new Photontek 600w bar style light. There will be (6) 100w bars running full spectrum each with magnets and the ability to remove them if desired. There is also a removable driver that is dimmable.
I am a bit skeptical using this light in such a big tent and I am going to be extra critical as I think there should be a good reason to buy a named brand light over the Alibaba Kingsbrite.
The Photontek light is on the way and should be here in next 2 weeks. Once it arrives I will get installed into the tent and get pictures taken.
In addition to the light, I still need to get the flood table, tray and solo cup plan put together. Lots to do in the next few weeks
How to Avoid the Biggest Weed Scams Right Now
Along with everything else in the world, 2020 has seen the cannabis industry turned on its head. Despite legalization in states like California, Massachusetts, Michigan, and Illinois, the price of quality weed in both the legal and illicit marijuana markets has skyrocketed. The recent inflation is due to a mix of legalization costs, increased law enforcement pressure on the black market, environmental issues like the recent rash of West Coast wildfires, and run-of-the-mill social media hype. No matter the reason, if you want brand-name, top-shelf bud these days, it is not uncommon—after taxes in California’s legal shops—to pay up to $80 for an eighth from brands like Alien Labs and Your Highness, and sometimes even up to $100 on the black market for an eighth of the same highly sought-after exclusive strains, like Maqui or Shady Apples.
But for the black market cannabis sellers who don’t have access to high-quality weed and the stoners who don’t have the funds to indulge, a new set of deceptions has taken hold to trick buyers and increase profit margins for dealers. Last year’s counterfeit vape cartridge health crisis stopped dominating headlines, but that doesn’t mean that unscrupulous weed dealers have cleaned up their act. Whether you’re shopping for the best bud or just looking for the best price, it pays to stay ahead of the game and know how dealers are cutting corners.
With that in mind, these are the biggest black market weed scams to look out for and avoid.