Xiaomi surprises with lower-than-expected pricing on new EVs
Chinese smartphone giant Xiaomi has launched its much-awaited first electric vehicle, pricing the standard model at 215,900 yuan (US$29,867) to take on Tesla’s Model 3 in the world’s largest EV market.
BYD expects sales growth slowdown, banks on export surge for profits
BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.
BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.
AliExpress hopes to crack European market with Euro2024 football sponsorship
Alibaba’s e-commerce platform AliExpress is betting on the European market by sponsoring Euro 2024, a move that comes after its rival Temu cracked the US market through ads that ran in the Super Bowl.
Alibaba’s e-commerce platform AliExpress is betting on the European market by sponsoring Euro 2024, a move that comes after its rival Temu cracked the US market through ads that ran in the Super Bowl.
China’s short video and live streaming sector now has more than 15 million hosts
That expansion shows how short video and live-streaming campaigns have boosted online retail sales on the mainland.
That expansion shows how short video and live-streaming campaigns have boosted online retail sales on the mainland.
Amazon invests another US$2.75 billion in OpenAI rival Anthropic
The capital infusion brings Amazon’s total investment in Anthropic, whose other investors include Google, to US$4 billion.
The capital infusion brings Amazon’s total investment in Anthropic, whose other investors include Google, to US$4 billion.