Alibaba spending US$1bil to raise stake in South-East Asia’s Lazada

The move doubles Alibaba’s investment in Lazada after last year’s deal to buy a controlling stake in it for about US$1bil (RM4.29bil) and is a part of its efforts to boost its global sales. Reuters SINGAPORE: Chinese e-commerce company Alibaba Group Holding is investing an additional US$1bil (RM4.29bil) in South-East Asian online retailer Lazada Group, boosting its stake by nearly a third to 83% and amplifying its focus on the region.

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Germany’s Delivery Hero lines up latest online takeaway IPO

Founded in Berlin in 2011, Delivery Hero has grown rapidly and now employs over 6,000 people, providing a digital platform to order meals from more than 150,000 restaurants in 40 countries in Europe, the Middle East, Latin America and Asia. Reuters BERLIN/FRANKFURT: Online food takeaway firm Delivery Hero is preparing a flotation that could value one of Europe’s largest Internet startups at up to 4bil (RM19.26bil), raising funds to help it fend off new competitors such as Uber and Amazon.

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ActiveState’s Python taps Intel MKL to speed data science and machine learning

Last year Intel became a Python distributor, offering its own edition of the language outfitted with Intels Math Kernel Library (MKL). MKL accelerates data-science-related tasks by using Intel-specific processor extensions to speed up certain operations, a fine fit for a language that has become a staple in machine learning and math-and-stats circles.

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Wal-Mart pushing hard to catch Amazon in e-commerce

Packages moving along a conveyor belt inside a Wal-Mart fulfilment centre in Pennsylvania. The vigour of Wal-Marts online investments today contrasts with its initial reticence in e-commerce, which was due to worries that growth of online shopping would cut into sales at brick-and-mortar stores.

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Python 2 forever: 3 projects that will keep Python 2 alive

The switch from Python 2 to Python 3 has been rocky, but all signs point to Python 3 pulling firmly into the lead. It’s broadly compatible with several libraries,a major third-party implementation of Python iskeeping pace with version 3, and there’s an encouraging rate of adoption by cloud providers for application support.

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Google helps developers bind C++ to Python

Fans of C++ praise its power and speed, but even they admit its complexity can be daunting. That’s true when you’re writing libraries in the language, and it’s doubly true when you want to make C++-authored libraries useful to other languages.

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Need cash? Azimo lets recipients sort out money transfer headaches

Azimo is mainly used by immigrants in the Eurozone to send money home to relatives in emerging markets in Central and Eastern Europe, West Africa, South Asia, the Philippines and Latin America. Reuters BERLIN: UK-based online money transfer firm Azimo is turning the process of sending remittances on its head by allowing mobile phone and computer users to send cash to any mobile phone number via text message, leaving it up to the recipient to claim the money.

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PyPy powers up Python 3.5

Pythonistas will be happy to hear that new versions of PyPy, the runtime for the Python language that provides just-in-time compilation and a major speed boost, will now support versions 2.7 and 3.5 of Python, including the new language syntax features found in version 3.5. Even more valuable to many developers: New versions of PyPy will have better support for popular packages that use C extensions, such as Numpy, in the Python 2.7-compatible version of the runtime.

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The New York Micro-Meetup is Monday

In preparation for Disrupt New York in May Im going to hold a few pitching workshops in New York for you all. Well listen to and critique 8 pitches on March 13th at 7pm at the Knotel space at 22 West 38th Street, 4th Floor.

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