Taobao will reward merchants with good track record on the platform more autonomy in handling refund requests from customers.
‘The content of the clip leaked sensitive information about our customers and violated the company’s compliance rules,’ China Securities said.
Linklaters, the legal adviser for an ad hoc group of bondholders, held a meeting on Wednesday to boycott the developer’s proposal, urging creditors not to sign the restructuring support agreement.
Sanjay Mehrotra was among a group of American executives visiting China this week, but the memory chip maker avoided bringing attention to it.
Chinese smartphone vendors filled out the entire top-five list for the first time in the second quarter, knocking Apple to No 6.
The Chinese tech giant has partnered with the Olympics to distribute the Paris Games online, replacing a 60-year-old satellite system as the main distribution channel.
Traditionally a major regional economic growth engine for China, Guangdong province is now lagging behind the national average – and will likely need to make adjustments to retain its status.
Hong Kong stocks benchmark fluctuated between gains and losses as investors awaited policy easing measures to address concerns about weak domestic demand.
A total of 2,155 venture-capital deals worth US$17.4 billion were finalised in the Asia-Pacific region in the year’s second quarter, according to a KPMG report.
A year after the launch of TigerGPT, investors are recognising the benefits of AI in helping sift through a sea of financial data, according to the company.
Dong Yuhui said his namesake venture, Time with Yuhui, will soon start to operate as an independent business.
The Beijing-based company is now worth more than US$2.7 billion, behind only fellow ‘AI tiger’ Moonshot AI, as US capital remains sparse in the domestic industry.
The new rule appears to provide an advantage to Shenzhen-based video gaming giant Tencent and major smartphone vendors that run app stores like Huawei, Oppo, Vivo and Honor.
Consumers who replace their conventional cars with an EV stand to receive a subsidy of 20,000 yuan (US$2,770), up from 10,000 yuan announced in April.
Douyin’s gross merchandise value growth rate is expected to hit 24 per cent in 2024, a steep decline from the previous two years, according to a Goldman Sachs estimate.
China’s biggest tech firms moved quickly to adopt the most advanced open-source large language model from the owner of Facebook on their cloud platforms.
The system, also dubbed the X NGP (Xpeng navigation guided pilot), is the carmaker’s answer to Tesla’s FSD software, which will not be tested in China until the end of 2024.
Hong Kong stocks fell following a global sell-off triggered by the sell-off in the US tech sector.
Sales of panda bonds jumped to a record US$17 billion this year, beating the previous record for a comparable period of US$11.8 billion of sales established in 2023.
Chinese stocks have witnessed increased gyrations, with the 10-day realised volatility of the CSI 300 Index and the Hang Seng Index both surging to a three-month high
Apple is reportedly working on a clamshell-style foldable smartphone for release as soon as 2026, while Huawei prepares a dual-hinged foldable for production.