
Articles
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3 days ago |
scmp.com | Ann Cao
Chinese e-commerce giants Alibaba Group Holding and JD.com are seeing strong sales momentum in their respective campaigns for this year’s 618 shopping festival, on the back of the government’s national subsidy programme.
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1 week ago |
scmp.com | Ann Cao
A Chinese company has launched a home-grown operating system for robots, which local media hailed as a “major breakthrough” in robotics software, in the latest move by China to achieve self-sufficiency in advanced technologies.
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1 week ago |
scmp.com | Ann Cao
Nvidia said a new artificial intelligence (AI) chip for the Chinese market is not ready although it is considering such a plan, as US export controls continue to cloud the outlook for the tech giant in the world’s second largest economy. “The key is to understand the limits and see if we can come up with interesting products that could continue to serve the Chinese market,” Nvidia founder and CEO Jensen Huang, 62, said during the company’s post-earnings call on Wednesday.
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1 week ago |
scmp.com | Ann Cao
Chinese discount e-commerce giant PDD Holdings, operator of Temu and Pinduoduo, faces increased profitability challenges amid US President Donald Trump’s trade policies and heightened competition in its home market, according to analysts. PDD on Tuesday reported a 47 per cent slump in first-quarter earnings amid slower sales growth, with results trailing market consensus.
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1 week ago |
scmp.com | Ann Cao
Chinese e-commerce giants Alibaba Group Holding, Meituan and JD.com are intensifying their costly rivalry in the on-demand fast-delivery sector, with each touting significant gains in user base and order volume. Alibaba, owner of the South China Morning Post, saw combined daily orders on its freshly launched Taobao Instant Commerce initiative and Ele.me food delivery service surpass 40 million within a month, according to data released by the company on Monday.
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