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Big Tech
Big Tech
Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum
The merger of Alibaba’s domestic and overseas e-commerce businesses is expected to improve the firm’s operational and financial performance.
2 hours ago
TikTok rival Kuaishou gets police warning over content moderation
2 hours ago
Amazon invites Chinese sellers to new bargain marketplace Haul
4 hours ago
Big Tech
Uber said to eye US$10 million stake in IPO of China’s Pony AI
The ride-hailing giant may consider using Pony AI’s autonomous-driving technology outside the US, a source says.
22 Nov 2024 - 10:03AM
Uber is in talks to invest in the US IPO of Chinese robotaxi firm Pony AI. Photo: dpa
Tech Trends
China creates new AI advisory body, with Alibaba Cloud founder as chief expert
The AI Experts Committee is expected to promote China’s perspective on how the fast-growing technology should be governed.
22 Nov 2024 - 7:00AM
Big Tech
Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth
PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.
21 Nov 2024 - 10:39PM
Big Tech
China’s second-richest man blasts Pinduoduo for hurting domestic brands
The founder of bottled water company Nongfu Spring called Pinduoduo a main contributor to aggressive pricing causing ‘huge harm for Chinese brands’.
21 Nov 2024 - 8:30PM
Big Tech
Baidu’s 3rd-quarter revenue falls 3% as economic woes hit ad spending
The internet search giant pulled in US$4.6 billion in the September quarter, with a decline in online marketing outpacing AI growth.
22 Nov 2024 - 1:01AM
The logo of Baidu seen during the World Internet Conference in Wuzhen on November 23, 2020. Photo: Reuters
Big Tech
Alibaba merges domestic, global e-commerce units amid intensifying competition
The new group brings together Taobao and Tmall Group, Alibaba International and a slew of other e-commerce operations.
21 Nov 2024 - 8:55PM
Big Tech
Apple’s iPhone sales fall during China’s Singles’ Day shopping festival: report
The event’s two-week sales period saw ‘a double-digit, year-on-year decline’ in iPhone sales amid stiff competition from Chinese rivals.
21 Nov 2024 - 6:00PM
United States & Canada
US regulators call for breakup of Google and Chrome in monopoly punishment
The proposed breakup was floated in a 23-page document filed late Wednesday by the US Department of Justice.
21 Nov 2024 - 2:46PM
Big Tech
China’s second-richest man demands apology from ByteDance founder
Zhong Shanshan, founder of bottled-drinks giant Nongfu Spring, blames ByteDance’s social media apps for perpetuating online assaults.
21 Nov 2024 - 5:41PM
China’s second-richest man Zhong Shanshan. Photo: sohu.com
Big Tech
Nvidia’s AI chip demand still booming but slowing sales growth worries investors
The company forecast revenue of US$37.5 billion, plus or minus 2 per cent for the fourth quarter.
21 Nov 2024 - 11:20AM
Big Tech
Alibaba CEO highlights AI advancement at China’s internet forum
The agenda at this year’s Wuzhen summit focuses heavily on AI, as China’s tech rivalry with the US grows.
21 Nov 2024 - 6:52PM
Big Tech
Meituan aims to launch meal deliveries by drones in Hong Kong
The meal delivery giant joins a slew of Chinese tech giants vying for new growth in Hong Kong.
21 Nov 2024 - 7:00AM
United States & Canada
Sam Bankman-Fried’s ex-deputy Gary Wang spared prison time over FTX fraud
Wang cooperated with the prosecution and testified in the trial that led to Bankman-Fried’s conviction on fraud and other charges.
21 Nov 2024 - 1:48AM
videocam
Former FTX executive Gary Wang attends his sentencing on fraud charges in New York on Wednesday. Photo: Reuters
Big Tech
Alibaba pulls in US$5 billion from dual-currency bond offering
The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.
20 Nov 2024 - 10:38PM
Big Tech
Apple reveals App Store revenue share in China as Huawei rivalry grows
The US giant says most of its App Store revenues in China are paid to developers and companies.
20 Nov 2024 - 8:44PM
Big Tech
Huawei’s foldable smartphone sales up 97% in third quarter
The surge was mainly on the back of Huawei’s Mate X5, which was launched last September and has remained the top-selling foldable model since.
20 Nov 2024 - 7:46PM
Big Tech
TikTok parent ByteDance offers top performers more stock options
ByteDance has adjusted its staff incentive policy for the second time this year, as Trump’s re-election boosts its valuation.
20 Nov 2024 - 6:30PM
A ByteDance office in Beijing. Photo: EPA-EFE
Policy
China’s Xi talks cyber unity as US seeks AI ‘Manhattan Project’
In video speech delivered to the annual World Internet Conference, Xi Jinping called for ‘inclusive’ cyberspace development as US-China fissures widen.
20 Nov 2024 - 2:18PM
Big Tech
Qualcomm ‘positive’ on Trump administration as it forecasts chip sales growth
Qualcomm CEO Cristiano Amon does not foresee problems competing for business in China, which accounts for 46 per cent of company revenue.
20 Nov 2024 - 11:15AM
Tech War
Trump cannot ignore TikTok ban, US senator says
Senator Richard Blumenthal said Trump is welcome to try to change the law, but ‘sentiment is pretty strong’ in favour of it in Congress.
20 Nov 2024 - 10:14AM
OPINION
Zhou Xin
My Take
|
Tesla is getting love from Chinese state media, but can the affair last?
19 Nov 2024 - 7:00AM
Andrew Sheng
Opinion
|
For the best AI outcomes, good policy is key
25 Sep 2024 - 3:36PM
Zhou Xin
My Take
|
China’s video gaming industry needs more like Black Myth: Wukong
27 Aug 2024 - 1:11PM
Charles Ferguson
Opinion
|
AI companies must pay attention to national security needs
8 Aug 2024 - 2:17PM
George Chen
Opinion
|
Hong Kong can’t afford to lose out on generative AI
1 Aug 2024 - 9:30AM
Gerui Wang
Opinion
|
Why China is pushing so hard for international cooperation on AI
25 Sep 2024 - 3:21PM
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