The budget shopping platform’s new ‘automated price-tracking system’ will enable merchants to swiftly adjust the cost of goods online during the 618 shopping festival.

The transaction followed the disposal of Alibaba’s shares in Bilibili and Xpeng in March.

The executive reshuffle at Taobao and Tmall Group shows how Alibaba is adhering to calls made by company co-founder Jack Ma to ‘give more power’ to young people.

The strategy takes into account the broad transformation in China’s video gaming market, which is maturing, according to Tencent senior vice-president Steven Ma.

As of Tuesday, Tencent’s Dungeon & Fighter Mobile remained at the top of free-to-download games on Apple’s China App Store.

The departure of AI experts from these Big Tech firms reflects increased investor interest in start-ups that could become the next OpenAI.

The Chinese tech giant is selling up to US$5 billion worth of convertible bonds, while company leaders set e-commerce and cloud computing as its core businesses in a move ‘towards strategic clarity’.

Alibaba and others have released encouraging early sales data from China’s biggest shopping season after Singles’ Day, an indicator of consumer sentiment in the world’s second-largest economy.

The latest product announcements by NetEase reflect heightened competition in the world’s second-largest video gaming market, where tech giant Tencent continues to lead.

Alibaba’s Taobao and Tmall Group is working with ByteDance’s Douyin to attract users from the short video app, as the e-commerce giant boosts spending on the annual midyear shopping festival.

The ‘general data’ list, covering 64 categories, will enable certain firms to make data transfers overseas without a security assessment.

The mainland’s e-commerce sector achieved a 12 per cent overall growth in the March quarter, according to data from JPMorgan.

ByteDance, which has been scaling back its video-gaming operations in recent months, has named a new CEO for Moonton Technology, the creator of Mobile Legends: Bang Bang.

Strong financial results by the two companies are the touchstones of the earnings growth that global investors are looking for, as they debate whether China’s post-pandemic recovery was a flash in the pan.

Confidence among Chinese consumers was showing ‘early signs of growth’, according to Alibaba chairman Joe Tsai, as the e-commerce giant expects business to be back on the growth path this year.

Alibaba net income rose 10 per cent to US$11 billion in the 2023 financial year, the first annual results since co-founder Joe Tsai took over as chairman.

The sprawling campus, Alibaba’s third in Hangzhou’s Xixi area, is a sign of the e-commerce giant’s commitment to its home city.

Lingxi Games has discontinued its Ant Engine project, as parent Alibaba pares down investment in its non-core businesses.

Launched in partnership with a local tech group, ShoppyHub.mn aims to offer products from Chinese manufacturers on Alibaba’s wholesale marketplace 1688.com.

The e-commerce giant is rolling out the major overhaul ahead of China’s second-largest annual shopping extravaganza, the 618 sales event.

Around 30 people were laid off after Kuaishou Technology disbanded its video gaming studio in Beijing.

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 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.

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.

Blizzard Entertainment is resuming its partnership with NetEase under its new owner Microsoft, marking a revival of a long running US-China video game pact that had an acrimonious break-up over a year ago.

The US gaming giant behind the popular Warcraft and Diablo series and long-time partner NetEase are expected to announce a new deal on Wednesday.

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.