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Alibaba Group Holding

Chinese fintech giant Ant Group, Huawei to build HarmonyOS-based Alipay app amid growing adoption of home-grown operating system

by Anas Siddiqui
Chinese fintech giant Ant Group, Huawei to build HarmonyOS-based Alipay app amid growing adoption of home-grown operating system

The collaboration between Ant, the fintech affiliate of South China Morning Post owner Alibaba Group Holding, and Shenzhen-based Huawei is expected to benefit consumers who use Alipay and the Chinese …

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McDonald’s China pushes development of native apps based on HarmonyOS, as adoption of Huawei’s mobile operating system accelerates

by Anas Siddiqui
McDonald’s China pushes development of native apps based on HarmonyOS, as adoption of Huawei’s mobile operating system accelerates

The Chinese arm of McDonald’s – with a network of more than 5,500 restaurants and over 200,000 employees serving more than 1 billion customers each year – is part of …

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Alibaba pushes new AI software tool to help merchants on its wholesale platform manage overseas clients, polish business emails

by Anas Siddiqui
Alibaba pushes new AI software tool to help merchants on its wholesale platform manage overseas clients, polish business emails

Alibaba.com, the international business-to-business wholesale marketplace of Alibaba Group Holding, expects the roll-out of a new artificial intelligence (AI) tool to help the platform’s merchants automate their client-facing operations, including …

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Tencent can shoulder latest US tech export restrictions as internet giant has large stockpile of much-coveted Nvidia AI chips

by Anas Siddiqui
Tencent can shoulder latest US tech export restrictions as internet giant has large stockpile of much-coveted Nvidia AI chips

“We have enough chips to continue our development for Hunyuan for at least a couple more generations,” Tencent president Martin Lau Chi-ping said in a conference call with analysts on …

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Chinese tech companies’ frenzy over AI large language models ‘a huge waste of resources’, Baidu CEO says

by Anas Siddiqui
Chinese tech companies’ frenzy over AI large language models ‘a huge waste of resources’, Baidu CEO says

Li, the co-founder, chairman and chief executive of Chinese internet search giant Baidu, told his audience at the annual X-Lake Forum in Shenzhen on Wednesday that this frenzy over LLMs …

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Chinese tech unicorn 01.AI admits ‘oversight’ in changing name of AI model built on Meta Platforms’ Llama system

by Anas Siddiqui
Chinese tech unicorn 01.AI admits ‘oversight’ in changing name of AI model built on Meta Platforms’ Llama system

Beijing-based 01.AI, whose value has reached more than US$1 billion in less than eight months since it was founded, on Tuesday described the matter as “an oversight” and that the …

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Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

by Anas Siddiqui
Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

More than three-quarters of 3,000 shoppers recently surveyed by Bain & Co plan to spend less or maintain their expenditure at 2022 levels during this year’s Singles’ Day, according to …

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China’s Zhejiang province reassures support for Alibaba, led by new chairman Joe Tsai, as company plays pivotal tech development role amid expansion into AI, enterprise market

by Anas Siddiqui
China’s Zhejiang province reassures support for Alibaba, led by new chairman Joe Tsai, as company plays pivotal tech development role amid expansion into AI, enterprise market

Alibaba must “regain momentum, open new chapters and renew glory” to make a greater contribution to Zhejiang, Yi told the company’s top management, according to the Zhejiang Daily report. He …

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Alibaba’s cloud unit unveils new suite of industry-specific digital tools built on its AI model, widening its reach in the enterprise market

by Anas Siddiqui
Alibaba’s cloud unit unveils new suite of industry-specific digital tools built on its AI model, widening its reach in the enterprise market

These AI tools, which Alibaba Cloud calls proprietary models, were introduced at the company’s annual Apsara Conference in Hangzhou, capital of eastern Zhejiang province, where updated LLM Tongyi Qianwen 2.0 …

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Southeast Asia’s Grab, Sea and GoTo face slowest internet growth in the region since 2017 as e-commerce expansion decelerates: report

by Walter Watson
Southeast Asia’s Grab, Sea and GoTo face slowest internet growth in the region since 2017 as e-commerce expansion decelerates: report

Southeast Asia’s internet economy will log its slowest growth on record this year, a group of researchers said, as they slashed near-term e-commerce spending estimates for the region by 13 …

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