Claire Yinan Che

3 weeks ago | afr.com | John Liu |Claire Yinan Che

Apr 2, 2025 – 2.42am or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Alibaba Group Holding is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month with competition from rivals including OpenAI and DeepSeek heating up.

Jan 14, 2025 | news.bloombergtax.com | Vlad Savov |Claire Yinan Che |Zheping Huang

A pair of Chinese-made social apps, Xiaohongshu and Lemon8, have taken over the top two positions on Apple Inc.’s iPhone download charts in the US as users seek out alternatives to TikTok ahead of an imminent ban. Xiaohongshu — China’s closest analog to Instagram — became the most downloaded free app on iOS and rose to the top 10 on Alphabet Inc.’s Google Play store for the first time. Many new users labeled themselves “TikTok refugees” as they joined.

Jan 14, 2025 | news.bloombergtax.com | Vlad Savov |Claire Yinan Che |Zheping Huang

A pair of Chinese-made social apps, Xiaohongshu and Lemon8, have taken over the top two positions on Apple Inc.’s iPhone download charts in the US as users seek out alternatives to TikTok ahead of an imminent ban. ByteDance Ltd.’s TikTok faces a deadline of Jan. 19 to find a US buyer in order to continue operating in the country, and the Supreme Court has signaled it’s unlikely to oppose the law imposing that condition.

Nov 29, 2024 | news.bloomberglaw.com | Claire Yinan Che

Didi Global Inc. posted its second straight quarterly profit, a boost for the Chinese ride-hailing leader as it contemplates a potential re-listing in Hong Kong. The company swung to a net income of 929 million yuan ($128 million) for the September quarter, versus a year-ago loss. Revenue rose 5% to 53.9 billion yuan, bolstered by a 20% jump in gross transactions from its international business, which encompasses Brazil and Mexico.

Nov 15, 2024 | news.bloombergtax.com | Claire Yinan Che

Alibaba Group Holding Ltd. reported solid growth in businesses including its international and cloud divisions, helping to offset some of the drag from an anemic Chinese commerce business. Overall sales rose about 5% after the internet pioneer’s domestic e-commerce operation eked out just 1% growth, reflecting the poor consumer sentiment plaguing its core business.