Alibaba intends to launch an IPO in the near future, aiming for US listing

The Alibaba Group, China’s largest e-commerce organization, has announced plans to seek listing on the U.S. stock exchange. The company is preparing to launch an initial public offering (IPO), but has not yet released details concerning this process. Alibaba is currently considered one of the most successful e-commerce groups in the world and has been making a strong push into the mobile commerce sector. In order to provide its forthcoming IPO with additional momentum, Alibaba has been pushing to make its new taxi application more popular among consumers.

Taxi-hailing application expected to add value to Alibaba’s mobile initiatives

The application takes advantage of a taxi-hailing service. The service allows users to schedule a taxi for transportation directly from their mobile device. The service can be paid for through the Alipay application, which facilitates mobile payments. This type of taxi-hailing service is quite popular in China, where people are beginning to rely more heavily on transit services. Taxis in large cities are finding that business from mobile consumers is rising significantly.

Alibaba and Tencent continue to fight in the mobile market

Alibaba is currently working to compete with Tencent, one of China’s largest Internet organizations. Tencent has been pushing into the mobile commerce field as well and has managed to establish a strong presence therein through its WeChat application. WeChat is the most popular messaging application in the world and is heavily used throughout Asia. Tencent has been working to transform WeChat into a mobile commerce platform and has managed to find success in this endeavor thus far.

Taxi-hailing applications may be a boon for both Tencent and Alibaba

Both Alibaba and Tencent are focusing heavily on taxi-hailing services. Both companies believe that taxis could power future growth and add further value to their mobile commerce initiatives. Alibaba anticipates that it will raise more than $15 billion from its IPO, but there are no details concerning when this IPO will be launched. Alibaba is likely to continue working to establish a lead in China’s growing mobile market.

Rumors have started to fly following a leak from a Twitter user that revealed key specifications of the upcoming device.

The smartwatch from Google that was first making technology news because it was revealed that it would be manufactured by LG is now back in the wearable technology headlines once more after a massive Twitter leak that may have revealed some of the key specs about this mobile device.

These wearables are expected to be among the hottest entries into this category and now we may know a little more.

EVLeaks has tweeted a list of specs about the Google smartwatch. That user has had a solid track record in terms of leaking accurate information about upcoming gadgets. They reported that these wearables will have an IPS display of 1.65 inches and a resolution of 280p by 280p. When the resolution and size are both taken into consideration, then this suggests that these mobile devices will feature a 240ppi pixel density.

There was also a great deal more revealed about the upcoming Google smartwatch.

For example, it indicated that there would be 512 MB RAM, as well as an internal storage capacity of 4 GB. Among the other central features that will define this upcoming wearable tech device that are sources of curiosity, such as the battery and the processor, have yet to be revealed by any credible source.

The same Twitter poster was the one that revealed that LG would be the manufacturer of the Google wearables.

It is suspected that this mobile device will have a strong base in the Google Now virtual assistant. It will be capable of receiving voice commands and searching for data on the internet as well as within the device itself. This type of technology has already been launched in a device owned by Google in the form of the Moto X smartphone that was released by Motorola. It provided the user with touchless control functionality so that the screen never needed to be tapped in order to provide the gadget with commands.

After Google Glass, the upcoming smartwatch will represent the second time that the brand has made its way into the wearable technology industry.