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 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 …
Tired of carrying a mini fan around or rewashing your cooling towel every two hours? As summer temperatures soar to new highs around the globe, enter the latest trend in …
By Bloomberg Published Jun 26, 2024 Cashmere ponchos, lambskin bras and $1,000 Air Jordans. A 1,000-square meter retail homage to Michael Jordan in Beijing’s trendiest neighborhood. Affiliations with China’s domestic …
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 …
Last month, Pinduoduo (PDD) reported surprisingly strong first-quarter results, with group revenue reaching 86.81 billion yuan (US$12 billion), exceeding Wall Street analysts’ estimate of 75.66 billion yuan. Net profit also …
Alibaba Group Holding is pushing CEOs to live-stream on its domestic e-commerce platform Taobao, as the tech giant ramps up efforts to win back consumers from rising rival Pinduoduo and …
Alibaba Group Holding is selling up to US$5 billion worth of convertible bonds to fund its share buy-backs, as leaders of the Chinese tech giant declared e-commerce and cloud computing …
Alibaba Group Holding and other e-commerce operators have released encouraging early sales data from their midyear 618 promotions – China’s biggest shopping season after Singles’ Day, and a bellwether of …