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Cross-border e-commerce allows Alibaba to expand internationally without opening consumer sites in countries where there are already well-entrenched competitors, like Amazon.
Following this investment, it plans to also open a business in Thailand — the support of Muang Thai is sure to help there — as part of its mission of opening consumer financing products up to consumers in Southeast Asia.
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Citi has dodged this rule by opening "consumer-finance branches", which lend but do not collect deposits.
Open consumer credit markets could pressure other lenders to emerge back out of their vaults, soothing the credit crisis broadly.
But the critics argued that Walmart had aspirations to open consumer banks of its own, and maybe even to begin lending to customers.
In 1994, multimedia-capable PCs opened consumers' eyes wide to what a PC could do.
Video content delivered to mobile devices will open consumers, advertisers and content creators to a world of opportunity.
Subsequent leaks and reporting have made it clear that entrusting third parties with sensitive personal data opens consumers to the risk of hacking and government surveillance overreach.
The open consumer Web has been a motor of American innovation and the attempt to curtail some of its excesses could throw sand in the works of a big machine on which we have all come to rely.
They are based on open consumer membership, equal voting among members, limited customer services, and shared profits among members in the form of rebates generally related to the amounts of their purchases.
In response to an inquiry from me last week, Sara Mandel, a spokeswoman for Edmodo, said the service provided "a safe alternative to open, consumer social networking sites" in that students could participate only in groups created by their teachers and because students cannot send private messages on the system.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com