Topic

Alibabai

Alibaba is the world’s biggest e-commerce group. Founded by Jack Ma, it owns Tmall.com and its consumer-to-consumer business Taobao.com. Alibaba Group is the owner of the South China Morning Post.

 

Advertisement

As many of the country’s tech founders hand over the reins, it’s worth remembering that once start-ups grow to a certain size they need professional managers to take over.

videocam
  • McDonald’s China unit is part of the first batch of multinational food companies on the mainland that have committed to build apps based on HarmonyOS
  • A developer preview version of Huawei’s new mobile operating system, HarmonyOS Next, is expected to launch in the first quarter of 2024
videocam

Parcel deliveries reached a new high of 120 billion items this week, up 8.5 per cent from all of 2022, as e-commerce sees strong third-quarter recovery.

videocam
Advertisement
Advertisement

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.

Temu, a Chinese-owned shopping app targeting US consumers, has become a key factor driving strong revenue growth for its parent PDD, which briefly overtook rival Alibaba in market value.

Misconduct in the industry, from fraudulent advertising to misleading pricing, should be addressed and punished, the piece argues, in a sign that government attitude towards the sector may be shifting.

videocam

The Climate transition, wealth management and digitalisation of the financial sector will be among key drivers of Asia’s economy, a conference organised by BIS and the HKMA heard on Tuesday.

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.

‘Hangzhou Ma’s Kitchen Food’ has been set up in Alibaba’s home city amid a post-pandemic shift in eating habits, adding to Ma’s agriculture-focused endeavours.

videocam

Under the collaboration, DingTalk has become one of the first intelligent business platforms to launch an app based on HarmonyOS, the Alibaba unit says.

videocam

Baidu has a stockpile of advanced artificial intelligence chips to soften the short-term impact of US export curbs, the Chinese tech giant said as it forecast increased AI revenues in its third-quarter results.

At least 16 analysts have reduced their stock valuation after last week’s sell-off in New York and Hong Kong, driving the consensus to a record low. Jefferies, CICC and Guotai Junan are the most aggressive among them.

videocam

Marcos Jnr wants the video app to train local sellers, especially those in rural areas, to market their offerings, after meeting with TikTok Chief Executive Officer Chew Zi Shou in San Francisco.

Alibaba announced overnight that it would not proceed with the full spin-off of its cloud computing unit after posting 9 per cent revenue growth in its September quarter.

The company has sharpened its focus on a wholesale marketplace, second-hand goods trading platform, office chat app, and search and cloud storage solution

videocam

Chinese tech giants Alibaba and Tencent admit to feeling the pinch of the latest US chip export controls, but said they are evaluating ways to minimise the impact on their business growth.

Generative AI can support innovation, content creation, product development, marketing and services, Euromonitor says, citing Chinese travel platform Trip.com as one company that has scored direct benefits from implementing AI.

videocam

Stocks slipped in Hong Kong amid the biggest sell-off in Alibaba Group in 13 months. The e-commerce group cancelled a key part of its business reorganisation amid heightened US-China tech rivalry.

videocam

Ant CEO says the fintech group is doubling down on global expansion and working with partners to support growth in four areas – travel, trade, technology and talent.

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.

videocam