Ann Cao

3 days ago | scmp.com | Ann Cao

Alibaba Group Holding’s operations will be driven by artificial intelligence (AI) in the next three to five years, in line with the e-commerce giant’s ambitious AI strategy, according to chairman Joe Tsai. “In the next three to five years, all of our businesses should be driven by AI,” Tsai said on Saturday at AliDay, the company’s annual gathering for staff and family members. Alibaba owns the South China Morning Post.

5 days ago | scmp.com | Ann Cao

China’s largest chip foundries, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, saw their stock prices plunge after warning of potential challenges in the second half of the year amid US-China tensions.

6 days ago | scmp.com | Ann Cao

Alibaba Group Holding, which went through a sweeping restructuring two years ago by separating its sprawling operations into six major groups, is taking steps to break down barriers between different units, as the e-commerce giant refocuses resources on core priorities.

6 days ago | scmp.com | Ann Cao

China’s video gaming companies saw their overseas operations emerge as key revenue driver in 2024 amid slow growth in the domestic market, according to a survey of these firms’ latest annual results. Chinese video game studios are now doubling down on exporting high-quality titles to foreign markets, according to Zhang Shule, an analyst with CBJ Think Tank. The trend follows the years-long effort of both Tencent Holdings and NetEase to expand the global reach of China’s video gaming sector.

6 days ago | scmp.com | Ann Cao

Alibaba Group Holding, JD.com and ByteDance’s Douyin are preparing their campaigns for 618, China’s second-largest online shopping festival, as major e-commerce players gear up for battle in a nationwide price war amid weak consumer spending. The three companies each announced they would start discounts next week for the event, which now spans weeks but retains its original June 18 name.