Didi Chuxing Tag

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...

25 Feb Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

Posted at 01:00h in Asia

The Chinese government is ordering online platforms to better protect the rights of the country’s 200 million gig workers, including ride-hailing and food delivery drivers employed by the likes of Meituan and Didi Chuxing.The Ministry of Human Resources and Social Security (MHRSS) released three new...

Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

04 Jan Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

Posted at 15:00h in Asia

Alibaba, which owns the South China Morning Post, has cut its GoGoX stake four times over the past two months, slashing its equity holding to 8.89 per cent as of late December from 12.23 per cent in mid-2023, according to Hong Kong stock exchange...

Didi Chuxing Tag

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

25 Feb Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

04 Jan Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

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