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China’s largest e-commerce firm was slipping in the war for consumers’ wallets. Then it reshaped its relationship with merchants.
On the sidelines of Shanghai’s CIIE trade fair, foreign companies brush away fears of a new US-China trade war after Trump’s victory.
The two firms’ high-profile exhibition reflects the vast demand for memory products in China, the world’s second-largest economy.
They joined about 400 other firms at the Intelligent Industry & Information Technology exhibition, part of the 2024 CIIE trade fair in Shanghai.
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Alibaba’s international e-commerce platform is kicking off Singles’ Day sales in the US on Friday and runs through November 18.
The lay-offs affected Alibaba metaverse unit Yuanjing’s operations in Shanghai and Hangzhou, according to a report.
Zhejiang’s new e-commerce service platform expects to serve 15,000 enterprises within the next three years.
Popular merchandise this year include niche products like Jellycat, a British soft toy brand that is gaining popularity among young Chinese.
Goddess of Victory: Nikke and Supercell’s Squad Busters, both distributed in China by Tencent, were approved by the gaming regulator.
Slowing earnings growth is weighing on the company’s plan for a public market debut in London.
The encouraging start to Singles’ Day sales for the country’s largest online retail platforms augurs well for consumer spending on the mainland.
Quanzhantui, a digital marketing tool for merchants, is seen as a key measure of success in monetising Alibaba’s Taobao and Tmall marketplaces.
The rosy prediction comes on the back of a US$142-million promotion that waives delivery fees on certain orders for Taobao users in the city.
The e-commerce giant aims to root out ‘ineffective involution’ after Beijing warned against a race to the bottom in price and quality.
Indonesia’s core issue with Temu is how a large volume of cheap Chinese goods entering the country could impact its manufacturing sector.
Macro MT is a new large language model that supports translation in various cross-border e-commerce scenarios.
The e-commerce rivals’ respective promotions look to benefit from healthier consumer spending on the back of Beijing’s stimulus measures.
The Hangzhou-based company says it is optimising its research manpower, while denying large-scale lay-offs.
Analysts said an unchecked refund policy could hinder growth of China’s e-commerce industry, as it would take a toll on sellers’ profits.
In the third quarter of this year, the number of brands that opened official stores on Tmall surged by 70 per cent from the previous quarter.
Alibaba took control of Sun Art Retail Group four years ago to pursue a ‘new retail’ strategy.
China’s video game regulator has approved an average of 107 titles per month this year, as gamers question whether Black Myth: Wukong marks a turning point.
The job cuts by Shein in Singapore reflect how the Chinese-founded fast fashion company is grappling with a series of challenges.
Taobao and Tmall plan to give out 30 billion yuan in consumer vouchers and use 10 billion yuan worth of resources to boost traffic amid e-commerce competition.
The fast-fashion retailer is laying off more than 20 people in a restructuring of its IT R&D centre.
The Esports Asian Champions League from Tencent-backed VSPO will start next year with seven to 10 undisclosed titles.
Alibaba is emerging as a major enabler and funder of China’s AI industry, as witnessed by the company’s annual Apsara Conference that concluded on Saturday.
This collaboration marks the first time Alibaba Cloud’s AI models get integrated into Nvidia’s Drive automotive platform.
The ChatGPT creator’s new OpenAI o1 LLM is designed ‘to reason through complex tasks and solve harder problems than previous models’.
Alibaba Cloud on Thursday also launched a new text-to-video model, as CEO Eddie Wu reveals increased pace of AI development at Apsara event.
