global market Archives

Alibaba Cloud Unveils New Services to Solve Generative AI Development Issues

On September 26, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced a range of innovative AI products and services at the 2023 Alibaba Cloud Global Summit.

Xiaomi Releases POCO F5/F5 Pro Global Version

On May 10th, it was announced that Xiaomi POCO F5 and F5 Pro phones have been released globally.

Huawei Will Release New Distribution Brand at Its China Partner Conference

On April 21st, during the 20th Huawei Global Analyst Summit (HAS 2023), Huawei further clarified its determination to increase investment in the strategy for small and medium-sized enterprise markets.

2023 Hurun Global Unicorn List: ByteDance, Shein and Ant Group Among the Top

On April 18th, the Hurun Research Institute published the "2023 Global Unicorn List," which includes non-public companies founded after 2000 and valued at over $1 billion. The valuation calculation for this list was based on data from the end of 2022.

NetEase Explores Global Game Market by Setting up Studios and Investing

In 2022, only 468 new games obtained approval from Chinese authorities, far less than the 679 approved in 2021. The tightening domestic game market forced NetEase to develop operations in overseas markets.

BYD to Spend Nearly $688M on Ships to Reduce Global Logistics Costs

A BYD affiliate intends to order eight ships capable of carrying 7,700 cars in Shandong Province, with a total cost of nearly 5 billion yuan ($688 million). Among them, six ships are determined to be built, while the other two ships are optional.

Cryptocurrency Arbitrage Platform Mosdex Raises $20M for Global Expansion

Finland-based cryptocurrency arbitrage platform Mosdex has raised $20 million in a Series A financing round, to be implemented for global expansion plans.

China Tops Global Semiconductor Equipment Market

According to a report released by SEMI, the global sales of semiconductor manufacturing equipment surged in 2021, increasing by 44% from $71.2 billion in 2020.

Huawei Affirms Globalization Strategy at MWC 2022

During this year's Mobile World Congress (MWC 2022) held in Barcelona, Guo Ping, Rotating Chairman of Chinese telecommunications giant Huawei, delivered an online speech.

Looking Beyond China, Budget Store King Miniso Eyes Growth Opportunities in Overseas Markets

The economic recession triggered by the coronavirus pandemic has spawned a global cohort of newly budget-conscious consumers, which has given a push to low-priced retailers such as Miniso.

China VC Weekly: Semiconductors, Auto Solutions and More

In last week’s China VC news, Moore Threads raked in a mind-boggling pre-A round just 100 days after its founding, ECARX raised $200 million and Ocean Link secured commitments for a new fund.

Alibaba’s Cainiao Leads E-Commerce Expansion in Europe and the Middle East

On March 1, Alibaba’s logistics service Cainiao Smart Logistics Network (Cainiao) announced a partnership with Saudi Arabian airfreight flag carrier Saudia Cargo.

Walmart Teams up with TikTok to Sell Products via Livestreaming

Walmart and TikTok announced this morning that they will co-host the first “shoppable” live-stream event on TikTok on Dec. 18, at 8 p.m (EST).

OTA Giant Trip.com Kicks off Global Partner Summit, Shares its COVID-19 Recovery Story

Trip.com Group on Oct. 29 kicked off the Global Partner Summit in Chengdu, over 2,600 attendees from the tourism industry to witness how the company bolstered the recovery of global travel industry amidst the Covid-19 pandemic.

Didi Chuxing Launches Express Services in Kazan, Russia

Didi Chuxing, the world’s leading mobile transportation and convenience platform, today offered its ride-hailing services in Russia, its first Eurasian market.

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