Topic
Alibaba is China's largest e-commerce company, with holdings in a wide portfolio of businesses from logistics, cloud services and finance to media. The company provides business-to-business, business-to-consumer and other services through platforms including Alibaba.com, Tmall, and Taobao. Alibaba is the owner of the South China Morning Post. It was co-founded by Jack Ma, who retired as chairman in 2019 but is still a major shareholder.
De facto central bank aims for first-mover advantage through blockchain technology, providing welcome lift to Hong Kong’s image as global financial centre
With the crackdown on fintech firms over, the sector must look forward and realise its full potential in driving China’s recovery.
Trades in local dollar or yuan in city stock market will offer greater choice to those investors seeking to diversify not only in shares but also currencies.
Wang Xiangwei, the Post’s former editor-in-chief, reflects on his career as a journalist, reporting on China, the need for a hiatus, and why he wants to return to Hong Kong.
Primary listing in Hong Kong by tech giant will allow ordinary people to share in success of such companies and help drive nation’s development.
- Outbound spending also increased on Ant Group’s mobile payment app, as Chinese tourists took more trips to places like Hong Kong, Japan and South Korea
- Beijing has introduced measures aimed at boosting inbound tourism, including visa-free travel for a number of European and Southeast Asian countries
The Brazilian financial technology company is banking on demand for payment digitisation in the business-to-business space in China and increased adoption of digital payments in India.
China’s internet giants have slashed jobs in recent years, affecting tens of thousands of people, many of whom have decided to become entrepreneurs themselves, with mixed results.
Total venture-capital investment in China in the first quarter fell 30 per cent quarter on quarter to US$11.5 billion amid economic uncertainty, geopolitical tensions, though China still accounted for eight of the top 10 deals.
Across 16 sectors, artificial intelligence unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion.
Vidu, launched by Beijing-based start-up Shengshu Technology and Tsinghua University, can generate 1080p videos as long as 16 seconds.
Meituan’s foray into Riyadh marks the Beijing-based company’s first overseas expansion amid slowing growth in its home market.
Overseas travellers from nine countries can make payments in Hong Kong using their mobile payment apps after Ant Group expanded its digital payment network via partnerships.
The open-source technology, which can be used to build smartphone chips and advanced processors, is being used by major Chinese tech firms.
AliExpress, the international online retail platform of Alibaba, has been in talks to invest US$72.4 million to acquire a 5 per cent stake in Ably Corp.
‘Obvious gaps’ exist in the code-writing and operative abilities between domestic and first-class foreign models, an assessment by Tsinghua University found.
Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.
Lenovo has been strengthening its focus on AI amid a broader trend in the global PC industry to integrate the fast-developing technology into various products and services.
The first global standards specifically covering GenAI and LLM released on Tuesday are a joint effort between Ant Group, Baidu, Tencent, OpenAI, Microsoft, Nvidia and others.
Among those to sign partnership deals with Hong Kong-Shenzhen Innovation and Technology Park are top firms from nine major economies.
The app marks the latest effort by Alibaba to improve users’ experience on its various online platforms via augmented and virtual reality technologies.
Banma Network Technologies, an Alibaba-backed autonomous-driving software start-up, has replaced its CEO amid an overhaul.
At the Digital Silk Road Development Forum in Xian, Alibaba and Shein were praised for helping advance the country’s booming cross-border e-commerce sector.
Richard Liu Qiangdong’s avatar is expected to host more live-streaming shows in the future, as JD.com touted that its AI-powered virtual streamers cover more than 4,000 brands.
Baidu’s artificial intelligence chatbot Ernie Bot has attracted over 200 million users, according to company chief executive Robin Li Yanhong, as the AI race in China heats up.
The company’s latest AI push could fuel further debate on whether China can continue relying on open-source development, instead of bolstering its own tech ecosystem.
Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.
The electric version of the motorised cargo tricycle, long used in China, has drawn interest in the United States after a social media account showed one in Dearborn, Michigan.
The municipal government of the city in eastern Jiangsu province unveiled a three-year plan to attract cross-border e-commerce projects.
Amid rising geopolitical tensions, most of the top 30 investors that invested in Chinese unicorns are based within the country.
There is nothing to fear from missteps because nobody is error-free, Ma wrote, after his co-founder Joe Tsai touched on Alibaba’s mistakes in a podcast interview, generating a frenzy on China’s social media.
Subsidies will be given to an initial batch of 1,000 Chinese brands and merchants who sign up for the AliExpress programme.
Alibaba is cutting prices by as much as 59 per cent for international users of its compute, storage, network, database and big data products.
At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options.
The emergence of technology providers like Firework coincides with a growing ‘direct-to-customer’ trend for Chinese merchants involved in cross-border e-commerce.
