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15 Jan Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

Posted at 10:00h in Asia

“With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side,” Chris Lu, general manager at Alibaba.com North America, said in a statement last week.The Alibaba.com booth features the e-commerce...

12 Jan Tencent’s e-commerce drive takes off in 2023 on the back of super app WeChat’s short video and live streaming function

Posted at 11:30h in Asia

WeChat’s short video and live streaming function enabled the platform to record nearly triple gross merchandise volume (GMV) in 2023, according to information released on Thursday during the app’s annual Open Class Pro developer conference held in Guangzhou, capital of southern Guangdong province.While the...

Alibaba’s Taobao and Tmall Group pushes new AI tools to boost merchants’ service to consumers in first major move after leadership reshuffle

11 Jan Alibaba’s Taobao and Tmall Group pushes new AI tools to boost merchants’ service to consumers in first major move after leadership reshuffle

Posted at 03:00h in Asia

The Taobao and Tmall Group (TTG) unveiled the new AI features, which are designed to improve services and attract new customers, at its “sellers’ conference” held on Tuesday in Hangzhou, capital of eastern Zhejiang province and home base of South China Morning Post owner...

04 Jan PDD halts development of local services offering to avoid head-on competition with Meituan and Ele.me, report says

Posted at 12:00h in Asia

E-commerce giant PDD Holdings has halted work on its local life services offering, avoiding head-to-head rivalry with Meituan, Alibaba Group Holding and ByteDance, whose Douyin short video app has also dipped a toe into the sector.PDD has “completely halted [development of] the local services business”,...

03 Jan ByteDance’s Douyin makes instant refunds mandatory, following PDD, Taobao and JD.com amid fierce e-commerce competition

Posted at 10:36h in Asia

Douyin, the Chinese version of TikTok that is betting big on e-commerce, has made its “express refund” policy mandatory, forcing merchants to immediately return money to consumers upon request to compete with similar offerings on Taobao and Pinduoduo.The platform operated by Beijing-based ...

Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say

02 Jan Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say

Posted at 11:30h in Asia

This move was “not totally unexpected, given investors have been waiting for more details in past years”, Jefferies equity analysts Thomas Chong and Zoey Zong said in a research note on Monday, following Baidu’s announcement. They indicated that China’s internet sector “has been undergoing changes”,...

Douyin Tag

15 Jan Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

11 Jan Alibaba’s Taobao and Tmall Group pushes new AI tools to boost merchants’ service to consumers in first major move after leadership reshuffle

03 Jan ByteDance’s Douyin makes instant refunds mandatory, following PDD, Taobao and JD.com amid fierce e-commerce competition

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