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Alibaba

Rise of fast-fashion Shein, Temu roils global air cargo industry

by Lionel Rogers
Rise of fast-fashion Shein, Temu roils global air cargo industry

By Reuters API Published Feb 21, 2024 The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie …

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Overseas Chinese tourists boost consumer spending in Year of the Dragon as Alipay transactions increase 7 per cent from 2019

by Anas Siddiqui
Overseas Chinese tourists boost consumer spending in Year of the Dragon as Alipay transactions increase 7 per cent from 2019

The Year of the Dragon may have signalled the return of the overseas Chinese tourist, with preliminary data from popular payment service Alipay showing an increase in transactions this year …

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Hong Kong stocks rally as some global funds turn bullish on Chinese tech leaders while Kuaishou, Xpeng, Swire gain on index bets

by Anas Siddiqui
Hong Kong stocks rally as some global funds turn bullish on Chinese tech leaders while Kuaishou, Xpeng, Swire gain on index bets

Hong Kong stocks rose after reports showed some fund managers have turned upbeat on China’s biggest technology companies as valuations cheapened. Xpeng, JD Logistics and Swire Properties jumped on speculation …

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Year of the Dragon: China’s commemorative coins, notes are multiplying in value on Taobao, JD.com auction platforms

by Anas Siddiqui
Year of the Dragon: China’s commemorative coins, notes are multiplying in value on Taobao, JD.com auction platforms

As China ushers in the Year of the Dragon, some of the US$450 million of commemorative coins and banknotes issued by the nation’s central bank have found their way into …

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Generative AI could be smart glasses’ killer app and Hong Kong-founded Brilliant Labs is betting big on the trend

by Anas Siddiqui
Generative AI could be smart glasses’ killer app and Hong Kong-founded Brilliant Labs is betting big on the trend

Singapore-based smart lenses start-up Brilliant Labs has become the latest company to introduce a pair of smart glasses, as a slew of tech companies, including several in China, try to …

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Alibaba boosts share buy back as revenues miss estimates

by David Johnson
Alibaba boosts share buy back as revenues miss estimates

By Reuters Published Feb 9, 2024 China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the …

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Ant Group inks strategic partnership with Shanghai to help the city’s AI ambitions

by Anas Siddiqui
Ant Group inks strategic partnership with Shanghai to help the city’s AI ambitions

Ant Group and the Shanghai municipal government have struck a partnership that would see the two parties deepen their collaboration in fields such as blockchain and artificial intelligence (AI). Under …

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Tiffany & Co. unveils flagship store on Alibaba’s Tmall Luxury Pavilion

by Lionel Rogers
Tiffany & Co. unveils flagship store on Alibaba’s Tmall Luxury Pavilion

Luxury jewelry house Tiffany & Co. has opened a flagship store on Alibaba Group’s e-commerce platform, Tmall.  Tiffany & Co. unveils flagship store on Alibaba’s Tmall luxury pavilion. – Tiffany …

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Big Tech firms such as Tencent and Alibaba snap up land on the mainland amid slumping real estate sector

by Anas Siddiqui
Big Tech firms such as Tencent and Alibaba snap up land on the mainland amid slumping real estate sector

Chinese Big Tech firms, including Tencent Holdings and Alibaba Group Holding, have become major buyers of land on the mainland at a time when both the technology and real estate …

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Ant Group-backed credit scorer Qiantang closer to licence in China after two-year wait, as PBOC to ‘guide’ application

by Anas Siddiqui
Ant Group-backed credit scorer Qiantang closer to licence in China after two-year wait, as PBOC to ‘guide’ application

Qiantang Credit Rating, backed by Alibaba Group Holding’s fintech arm Ant Group and Zhejiang Tourism Investment Group, appears to be headed for official approval to begin operations after a wait …

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