What Do Young Americans Really Look for When Shopping Online?
Consumers in China have come to expect e-commerce platforms to be more than just places to buy things.
7/26/20205 min read
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Alibaba International Surpasses Expectations: Earnings Report Reveals Impressive Growth under Jiang Fan
On August 10, Alibaba Group released its financial report for the three months ended June 30, 2023, delivering a solid quarter marked by revenue of $32 billion, representing a year-on-year growth of 14%.
Genshin Impact, Other Games to Suspend Services in China on Dec 6 to Mourn Jiang Zemin
Former Chinese president Jiang Zemin passed away following a battle with leukemia on November 30, at the age of 96. Authorities later announced that they will hold a memorial service in Beijing on the morning of December 6, and that public entertainment activities should be suspended for the day.
12/5/20223 min read
CATL, Gotion High-Tech and Rivals Accelerate Overseas Factory Construction
Many Chinese battery firms have recently announced their construction of new overseas factories. In September, CATL and SVOLT revealed that they would build their second overseas battery factory in Europe.
9/14/20223 min read
Xinling Semiconductor Completes Pre-A Round Financing
Xinling Semiconductor, a mixed-signal computer chip developer based in China, has announced its completion of a pre-A round of financing.
7/22/20222 min read
Moonshot AI Secures $300 Million in Latest Funding Round, Boosting Valuation to $3.3 Billion
Market rumors suggest that Tencent's $300 million investment in Chinese AI startup Moonshot AI has elevated its valuation to $3.3 billion.
Microsoft Azure China Business May Face A Major Adjustment
Microsoft Azure business in China may undergo a major organizational restructuring around the end of June this year, with a focus on the sales team of over 700 people led by Hou Yang.
Douyin Tests Home Delivery Service, 0.8 Yuan Per Order
ByteDance's Douyin recently launched its home delivery service. Merchants utilizing this function can directly provide door-to-door service for consumer orders for express delivery services.
12/1/20212 min read
Meituan and Didi Vie for Shares of E-bike Sharing Market
Chinese food delivery and services platform Meituan and ride-hailing giant Didi have recently made major moves into the e-bike rental market, each placing bulk orders for electric bicycles to secure a larger share of an emerging market that promises better returns than bike-sharing.
5/12/20203 min read
The Government of Rwanda and Alibaba Sign Agreements to Advance Rwanda's Economic Development
On Oct. 31, Alibaba Group and the government of Rwanda signed three Memoranda of Understanding (MoU) in Kigali, the capital city of Rwanda. Alibaba plans to est...
11/2/20183 min read
AI Bests E-sports Professionals in Mobile Game Honor of Kings
In yet another example of machine learning algorithms besting highly skilled players, an artificial intelligence system devised by Tencent’s AI lab named Wukong AI defeated a human team in a five-on-five Honor of Kings match on Aug. 1.
China's Wearable Device Shipments Down 7% YoY in Q1
According to a report released by IDC on Friday, the shipments of wearable devices in China in the first quarter of 2022 were 25.84 million units, down 7.5% year-on-year.
6/10/20222 min read