Alibaba Group Holding said it would switch its listing status in Hong Kong, in a technical move that qualifies the technology behemoth to sell shares to China’s 220 million stock …
Walmart is refining its strategy in the world’s second-largest economy, where its long-standing e-commerce partner is struggling along with major rivals Alibaba Group Holding and PDD Holdings, owner of Pinduoduo …
Chinese investors finally being able to buy shares of Alibaba Group Holding may provide a much-needed boost for the e-commerce firm’s stock, with an inflow of up to about US$20 …
Hong Kong stocks fell from a two-week high as weak Chinese economic data offset optimism on prospects of Fed easing. Tencent’s retreat ahead of earnings weighed on the benchmark index. …
AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with which shoppers repurchase products on the company’s e-commerce platforms such …
“We have seen the trend that users are more willing to interact with AI, which means virtual characters are an important direction in the entertainment and gaming industry,” Zhang Ji, …
Chinese food delivery giant Meituan has partnered with Midea, one of the world’s largest home appliances makers, to enable app users to order products ranging from refrigerators to dishwashers and …
By Reuters Published Aug 16, 2024 Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday (15 August), as the company’s domestic e-commerce sales came under pressure from cautious spending …
By Reuters Published Aug 16, 2024 Chinese e-commerce group JD.com on Thursday reported forecast beating second-quarter profits, helped by price cuts that attracted cost-conscious shoppers to its platform. Shutterstock JD.com’s U.S.-listed …
This equates to an average of 71.43 packages per person, 5,144 packages delivered every second, or 440 million packages moving across China every day. Per the same data, peak daily …