PDD Holdings, an online retailer well-known for providing cheap prices on its Pinduoduo and Temu apps, announced a 94% increase in Q3 2023 revenue to [more…]
China and Saudi Arabia have strengthened their relationship by signing a $7 billion local currency swap agreement, as more Middle Eastern nations move their trade away [more…]
Alibaba Group Holding has declared that it would not move forward with a full spin-off of its cloud computing unit. Citing US export limitations on [more…]
Chinese carmaker Xiaomi filed an application to produce its first electric vehicles (EVs), releasing the first pictures of the business’s automotive venture. A branch of [more…]
Didi Global Inc. has posted its first profit since 2021 suggesting a steady recovery in the ride-hailing market in China. Revenue increased 25% to 51.4 billion [more…]
Xiaomi claimed record sales across all platforms during the Singles Day shopping festival. The company broke the annual promotion record selling more than 22.4 billion [more…]
Chinese internet behemoth Baidu has placed an order for artificial intelligence chips from Huawei rather than its regular supplier, Nvidia, signalling a significant departure from [more…]
Ant Group’s artificial intelligence (AI) products are now legally available to the general public, following approval from Chinese regulators. The company, which arose from Beijing’s [more…]
China’s foreign investment was negative $11.8 billion in the third quarter, marking the first outflow in the country’s foreign investment since 1998. Higher interest rates [more…]
With half of the nation’s AI language model businesses and 80% of tech companies already using the platform, Alibaba Cloud is cementing its position as [more…]