Taobao will reward merchants with good track record on the platform more autonomy in handling refund requests from customers.
Shanghai will look to attract AI companies, build a humanoid robot manufacturing innovation centre and test low-altitude industrial logistics by 2027.
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.
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.
John Kennedy, Republican of Louisiana, says Commerce Department has not done enough to keep Nvidia semiconductors, key to AI technologies, from Chinese entities.
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.
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 AI industry is entering a rapid period of consolidation after large language model development mushroomed last year, experts said at the Future Tech Summit 2024 in Shenzhen on Thursday.
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.
Meta Platforms CEO Mark Zuckerberg, whose company runs the world’s largest open-source LLM, said AI based on open-source technology will help the US maintain a lead over China.
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.
Huawei’s return to the 5G smartphone market and the controversy over its advanced, made-in-China processor reflect the lengths taken by the company to build up its operations, following years of struggles on account of US trade sanctions.
While China had declared AI strategically important as early as 2018, ChatGPT has shattered illusions about the country’s technological prowess.
More than three years after China’s central bank started digital currency trials, adoption in one of the initial test beds, Suzhou, remains lethargic.
Tianjin Port is the latest technological showpiece of Huawei Technologies, as the world’s largest provider of phone network equipment reinvents itself after nearly four years of crushing US sanctions.