Taobao breaks mobile shopping record in less than an hour with over $100 million in sales

China’s leading e-commerce marketplace.

Taobao, China’s leading e-commerce marketplace, racked up RMB 1 billion ($164 million) in mobile purchases from over 14 million user accounts one hour into China’s annual Single’s Day shopping blitz,

 

 

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U.S. State Department and Coursera partner to support free education in over 30 countries

The State Departments’ goal is having more foreigners learn English and experience the U.S. education system.

U.S. embassies around the world this fall are hosting weekly discussions for students enrolled in free online courses, called MOOCs, in partnership with Coursera, the Silicon Valley-based platform with over 5 million users. Embassy employees and Fulbright fellows (Fulbright being an academic exchange program sponsored by the State Department) will volunteer to host the discussions. There will be over 30 sites to begin with, in countries like India, China, and Bolivia. Topics include English, science, technology, engineering, business, and U.S. civics.

 

 

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HBX – Harvard Business School launching online learning initiative

Harvard Business School

The hallowed halls of Harvard Business School are about to open up to the world virtually. The elite institution is reportedly working on an online learning initiative, called HBX, that would mark its first foray into the world of massive open online classes (MOOCs).

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New record as online ad revenues jump 18% to $20B in first 6 months of 2013

Apparently, new certainties in life are death, taxes, and Internet ad revenues going up.  Online ad revenues in the U.S. jumped 18 percent from 2012′s numbers to hit a new record, $20.1 billion, just for the first half of 2013. Mobile revenues were the fastest-growing, soaring 145 percent to $3 billion, and digital video ads, crucial to the growth of visual media online such as YouTube, rose 24 percent to $1.3 billion.

 

 

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There may not be as much as you think in a college degree

What you can’t typically get from online study—yet—is a degree from a reputable and accredited university.

“You just spent 150 grand on an education you could have gotten for $1.50 in late fees at the public library.”  That is one of Matt Damon’s best lines in Good Will Hunting when he chastised a book smart scholar.

 

 

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College degrees are now accessible to anyone with a computer with UniversityNow

Gene Wade, CEO and founder of UniversityNow.

UniversityNow is receiving $20.4 million in funding to bring U.S. education out of a “code red.”UniversityNow is building a network of accredited, online universitieswhere students earn undergraduate and graduate degrees at a low cost and in a flexible environment. Its goal is to make higher education more affordable and accessible for people everywhere through the intelligent use of technology.

 

 

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Is the traditional university lecture dead?

The aim of open online massive courses is to provide instruction similar to what students can get in a traditional college atmosphere, only more cheaply and conveniently.

Why would you pay thousands of dollars to sit in a university lecture hall as a professor drones away in front of bored students when you could instead take some of the world’s greatest courses online? For free?

 

 

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