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Tencent’s AI Bot Passes DeepSeek as China’s Favorite on iPhones
Tencent Holdings’s Yuanbao became the most downloaded iPhone app in China this week. It overtook DeepSeek to claim the position. With this, Tencent has stolen a march on rivals like Alibaba and Baidu, which have made bigger bets on AI than the Shenzhen company.
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Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
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Jack Ma's Surprise Internal Memo To Alibaba Staff
Jack Ma urged Alibaba staff to take a page from hard-charging rival PDD Holdings Inc. in a surprise internal memo, in which the billionaire called on the company he co-founded decades ago to embark on fundamental change.
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iPhone 15 Series Gets Deep Discounts by Chinese Retailers as Analysts Point to Weak Sales
Chinese e-commerce platforms including PDD Holdings' Pinduoduo and Alibaba's Taobao are offering deep discounts on Apple's latest iPhone 15 series, with some selling models up to CNY 900 ($123) below the retail price.
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Chinese Billionaire's Fortune Cut By Half As Company Stock Implodes: Report
JD.com lags behind competitors including Alibaba and PDD Holdings when it comes to attracting merchants and distributors that sell low-cost goods.
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Alibaba's Ex CEO Resigns As Jack Ma's Lieutenants Take Up Positions
Alibaba Group Holding Ltd.'s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China's largest e-commerce company.
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Chinese Premier Urges Tech Giants To Support Economy As Crackdown Ends
China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
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Alibaba, Huawei Unveil New Products, Image Generator as AI Race Heats Up in China
Alibaba Group Holdings and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race.
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Alibaba Turns To Little-Known Coder To Continue Jack Ma's Legacy
Alibaba Group Holding Ltd. ushered through a parade of high-profile stewards over its 24-year history, from the larger-than-life Jack Ma himself to a succession of C-suite executives who frequent conference and diplomatic circles.
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Baidu Launches $145 Million Venture Capital Fund for Startups Working on AI
Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.
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Alibaba Hiring 15,000 People, Pushes Back On Job Cut Reports
Alibaba Group Holding Ltd. said it plans to hire 15,000 people this year, pushing back on reports that the Chinese tech firm is laying off employees.
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Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
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US Senators Urge US President Joe Biden to Sanction Huawei Cloud, Other Chinese Cloud Service Providers
Huawei Cloud and other Chinese cloud service providers should be sanctioned; a group of US senators has urged US President Joe Biden. Nine Republican senators have cited national security concerns in their call to the Biden administration to impose sanctions on the Chinese firms.
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Alibaba to Split Into 6 Units as China Vows to Ease Crackdown on Private Sector
Alibaba said the biggest restructuring in its 24-year history would see it split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group.
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China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
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Tencent’s AI Bot Passes DeepSeek as China’s Favorite on iPhones
Tencent Holdings’s Yuanbao became the most downloaded iPhone app in China this week. It overtook DeepSeek to claim the position. With this, Tencent has stolen a march on rivals like Alibaba and Baidu, which have made bigger bets on AI than the Shenzhen company.
-
Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
-
Jack Ma's Surprise Internal Memo To Alibaba Staff
Jack Ma urged Alibaba staff to take a page from hard-charging rival PDD Holdings Inc. in a surprise internal memo, in which the billionaire called on the company he co-founded decades ago to embark on fundamental change.
-
iPhone 15 Series Gets Deep Discounts by Chinese Retailers as Analysts Point to Weak Sales
Chinese e-commerce platforms including PDD Holdings' Pinduoduo and Alibaba's Taobao are offering deep discounts on Apple's latest iPhone 15 series, with some selling models up to CNY 900 ($123) below the retail price.
-
Chinese Billionaire's Fortune Cut By Half As Company Stock Implodes: Report
JD.com lags behind competitors including Alibaba and PDD Holdings when it comes to attracting merchants and distributors that sell low-cost goods.
-
Alibaba's Ex CEO Resigns As Jack Ma's Lieutenants Take Up Positions
Alibaba Group Holding Ltd.'s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China's largest e-commerce company.
-
Chinese Premier Urges Tech Giants To Support Economy As Crackdown Ends
China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
-
Alibaba, Huawei Unveil New Products, Image Generator as AI Race Heats Up in China
Alibaba Group Holdings and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race.
-
Alibaba Turns To Little-Known Coder To Continue Jack Ma's Legacy
Alibaba Group Holding Ltd. ushered through a parade of high-profile stewards over its 24-year history, from the larger-than-life Jack Ma himself to a succession of C-suite executives who frequent conference and diplomatic circles.
-
Baidu Launches $145 Million Venture Capital Fund for Startups Working on AI
Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.
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Alibaba Hiring 15,000 People, Pushes Back On Job Cut Reports
Alibaba Group Holding Ltd. said it plans to hire 15,000 people this year, pushing back on reports that the Chinese tech firm is laying off employees.
-
Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
-
US Senators Urge US President Joe Biden to Sanction Huawei Cloud, Other Chinese Cloud Service Providers
Huawei Cloud and other Chinese cloud service providers should be sanctioned; a group of US senators has urged US President Joe Biden. Nine Republican senators have cited national security concerns in their call to the Biden administration to impose sanctions on the Chinese firms.
-
Alibaba to Split Into 6 Units as China Vows to Ease Crackdown on Private Sector
Alibaba said the biggest restructuring in its 24-year history would see it split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group.
-
China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
