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 …
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 …
Chinese online shopping giant JD.com reported a 92 per cent year-on-year jump in quarterly net income to 12.6 billion yuan (US$1.7 billion), despite a flattish revenue, as better operational efficiencies …
“This is what I call the substitution effect,” Chang, founder and managing partner of Beijing-based VC firm GenBridge Capital, told the South China Morning Post in a recent interview. “When …
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 …
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 …
Huawei sales jumped 42.4 per cent during the one-month 618 sales period that started May 20, according to Counterpoint, which attributed the rise to continued strong demand for the company’s …
Douyin, the Chinese version of TikTok, led all other platforms with a 26.2 per cent surge in GMV, followed by Pinduoduo’s 17.7 per cent and Kuaishou’s 16.1 per cent. Alibaba …
That iteration, called HarmonyOS Next, will be a “China-originated, independent and controllable” operating system, Richard Yu Chengdong, chairman of Huawei’s consumer business group, said at the company’s developer conference on …
Shenzhen-based Huawei is close to reaching a deal with Tencent to make its super app WeChat fully operational on HarmonyOS without sharing any revenue, according to a report by Bloomberg …