The e-commerce platforms run by Alibaba have become an important channel for European firms to sell goods overseas, according to a new study, as Chinese online shopping giants continue to expand abroad.
Tencent has offloaded its loss-making animation and comics business to its China Literature subsidiary as the country’s largest social media and video gaming company slashes more noncore operations.
The strategic cooperation between Ant and Huawei underscores the growing momentum of HarmonyOS’ adoption in the world’s biggest e-commerce and smartphone market.
The move is meant to allow Alibaba (China) Network, established in 1999, to focus on its main businesses, according to filings.
The AI tool is expected to help merchants on Alibaba.com, the e-commerce giant’s international business-to-business wholesale marketplace, automate their client-facing operations to entice more customers overseas.
China’s largest ride-hailing service said it will carry out ‘in-depth technical risk identification and upgrade work’ to fully ensure service stability.
‘I firmly believe that Alibaba will change and adapt. All great companies are born in winter,’ the founder said.
The social media giant is cutting hundreds of jobs at its flagship Nuverse studio, and will shut down development on most unlaunched titles a year after cuts at two related studios.
Alibaba’s Damo Academy is donating its quantum lab to Zhejiang University, as the e-commerce giant's in-house research initiative allocates more resources to artificial intelligence.
Under the collaboration, DingTalk has become one of the first intelligent business platforms to launch an app based on HarmonyOS, the Alibaba unit says.
Chief people officer Jane Jiang said in an internal letter rumours of 25,000 lay-offs are false and that the matter has been reported to the police.
The rules effectively ban individuals and many smaller studios from advertising on ByteDance’s popular Chinese short-video app.
The company has sharpened its focus on a wholesale marketplace, second-hand goods trading platform, office chat app, and search and cloud storage solution
The company has also put on hold its listing plan for supermarket chain Freshippo, a decision that it announced along with its latest quarterly earnings.
E-commerce giant Alibaba has signed a deal with the Cambodian government to support the country’s digital economy and small business sector, showcasing the firm’s commitment to the Southeast Asia market.
Alibaba.com is targeting Chinese merchants that have been affected by Indonesia’s rule change, offering better support and targeted export plans.
As China’s retail growth sputters, the country’s e-commerce operators are racing to beat rivals with better bargains in the annual online shopping extravaganza.
Ofilm, which was temporarily put on a US trade blacklist, is reportedly producing most camera modules used in Huawei’s new flagship smartphones.
Longsys, one of US chip maker Micron’s largest clients in China, has acquired a 70 per cent equity stake in Powertech Technology (Suzhou), which provides chip packaging, testing and surface-mount technology services in eastern Jiangsu province.
China’s Taiwan affairs office has accused Taipei of ‘obstructing’ cross-strait economic cooperation after the Democratic Progressive Party investigated firms helping Huawei.
Washington’s action is expected to be a big boon for both Samsung and Hynix in the world’s largest semiconductor market, but puts rival Chinese memory chip makers like YMTC at a disadvantage.
Newcomers like Shein and Temu are tapping China’s vast manufacturing capabilities and using their technology to connect producers directly with overseas consumers.
Trudy Dai Shan no longer holds legal representative roles at several Alibaba subsidiaries indicating she will focus all her efforts on Taobao and Tmall Group.
The list of registered app stores in the country includes Xiaomi, Oppo, Vivo, Huawei and even Samsung, but not the mainland’s fourth-largest smartphone brand.
About a decade after Alibaba founder Jack Ma pushed forward its creation, Cainiao has become one of the world’s top logistics services providers and a big opportunity for global investors when it lists in Hong Kong.
Consumers in the United Kingdom, Spain, the Netherlands, Belgium and South Korea will now receive their parcels within five working days of placing an order on AliExpress, thanks to its joint initiative with Cainiao.
Users who click on some advertisements placed on Tencent’s WeChat Channels will be directly taken to Alibaba’s Taobao and Tmall, the companies say.
The filing by Hangzhou-based Cainiao comes at a crucial time for Hong Kong’s stock market, as its benchmark Hang Seng Index struggles to claw its way out of this year’s 11.7 per cent slump.
Gong Yu, chief executive of video-streaming giant iQiyi. said AI can help turn long screenplays into short word outlines but writers and directors are still needed.
The executive says the telecoms giant will embrace an “all intelligence” strategy to transform itself into a key provider of computing power to support China’s AI development.
