Alibaba Group Holding Tag

26 Mar ByteDance-owned Douyin launches stand-alone shopping app in China, heating up the competition against Alibaba, JD.com, PDD

Posted at 13:30h in Asia

Douyin Mall was launched last week as a downloadable app for Android users in mainland China, the world’s largest smartphone market. An Apple iOS version of the app was not released as of Tuesday.The new app serves “as an extension of the Douyin platform, designed...

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26 Mar Alibaba connects Taobao and 1688 to tap new users as fierce e-commerce competition ratchets higher

Posted at 13:25h in Asia

Alibaba Group Holding is integrating the services of its online wholesale marketplace 1688 with its flagship consumer shopping platform Taobao, as the e-commerce giant continues to consolidate assets amid internal restructuring and rising competition.Taobao has recently featured three online stores under the 1688 name as...

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21 Mar Apple CEO Tim Cook meets BYD, other key mainland suppliers in Shanghai as US tech giant opens 57th China store

Posted at 13:00h in Asia

At Apple’s office in Shanghai, Cook on Wednesday met two billionaire company founders: Wang Chuanfu, the chairman and chief executive of the world’s largest electric vehicle maker BYD, and Zhou Qunfei, the chairwoman and chief executive of touch screen manufacturer Lens Technology.Also present at the...

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20 Mar Alibaba-backed Moonshot AI claims breakthrough in expanded Chinese-character prompt for Kimi chatbot

Posted at 11:00h in Asia

Chinese artificial intelligence company Moonshot AI claims that its Kimi chatbot can now handle up to 2 million Chinese characters in a single prompt – the instruction or query a user enters into the interface of a ChatGPT-like service – to surpass the capabilities of...

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19 Mar Chinese flying taxi maker EHang sells autonomous passenger drone for US$332,000 on Taobao as nation’s low-altitude economy takes off

Posted at 12:00h in Asia

The ambitious domestic and international marketing campaigns show EHang’s confidence in generating strong market demand, months after its self-developed EH216-S became the world’s first recipient of a Type Certificate and Standard Airworthiness Certificate for pilotless eVTOLs. Those certifications were issued last October and December, respectively,...

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18 Mar Huawei injects fresh capital into Shenzhen investment subsidiary as US-sanctioned tech giant returns to growth

Posted at 13:30h in Asia

With that infusion, Shenzhen Habo Technology Investment Partners – established in 2021 by Huawei and Habo Investment – last Thursday raised its registered capital to 7.98 billion yuan (US$1.1 billion) from 7 billion yuan previously, according to data from Chinese business registry platform Tianyancha.Huawei did...

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15 Mar China said to fall short of matching US advances in AI owing to ‘many challenges in theory and technologies’

Posted at 11:00h in Asia

China is falling short of matching the United States in artificial intelligence (AI) advances because the nation’s efforts are “littered with many essential challenges in theory and technologies”, according to a recent slide presentation made to Chinese Premier Li Qiang.Those difficulties were pointed out to...

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12 Mar Apple to expand applied research labs in Shanghai and Shenzhen as iPhone sales weaken in world’s largest smartphone market

Posted at 11:30h in Asia

Apple is enlarging its applied research operations in mainland China, as the US technology giant’s iPhone sales slow in the world’s largest smartphone market amid increased competition from Huawei Technologies and other major domestic handset vendors.Cupertino, California-based Apple plans to expand its research centre in...

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08 Mar China’s Alipay and WeChat Pay ease the way for foreign travellers to make payments in world’s largest cashless society

Posted at 13:00h in Asia

Alipay’s annual cumulative transaction limit for foreign visitors has also been increased to US$50,000, up from the previous US$10,000 limit, in line with a new People’s Bank of China policy, the group said. 02:40How mobile payments impact people’s lives in ChinaHow mobile payments impact people’s lives...

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07 Mar Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

Posted at 13:30h in Asia

“I believe in applications and those that can commercialise immediately,” said Zhu, who indicated that he did not invest in any LLM-focused company on the mainland last year.Sample code for an artificial intelligence large language model. Photo: ShutterstockLi pointed out that there were too many...

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