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Alibaba Loses $100 Billion Amid Battle In China's Food Delivery Market
A protracted battle in China's food-delivery market has chopped $100 billion in market value from Alibaba Group Holding Ltd., with no end in sight for damage to profits and investor confidence.
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Tencent’s AI Bot Passes DeepSeek as China’s Favorite on iPhones
Tencent Holdings’s Yuanbao became the most downloaded iPhone app in China this week. It overtook DeepSeek to claim the position. With this, Tencent has stolen a march on rivals like Alibaba and Baidu, which have made bigger bets on AI than the Shenzhen company.
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Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
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Jack Ma's Surprise Internal Memo To Alibaba Staff
Jack Ma urged Alibaba staff to take a page from hard-charging rival PDD Holdings Inc. in a surprise internal memo, in which the billionaire called on the company he co-founded decades ago to embark on fundamental change.
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iPhone 15 Series Gets Deep Discounts by Chinese Retailers as Analysts Point to Weak Sales
Chinese e-commerce platforms including PDD Holdings' Pinduoduo and Alibaba's Taobao are offering deep discounts on Apple's latest iPhone 15 series, with some selling models up to CNY 900 ($123) below the retail price.
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Chinese Billionaire's Fortune Cut By Half As Company Stock Implodes: Report
JD.com lags behind competitors including Alibaba and PDD Holdings when it comes to attracting merchants and distributors that sell low-cost goods.
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Alibaba's Ex CEO Resigns As Jack Ma's Lieutenants Take Up Positions
Alibaba Group Holding Ltd.'s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China's largest e-commerce company.
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Chinese Premier Urges Tech Giants To Support Economy As Crackdown Ends
China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
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Alibaba, Huawei Unveil New Products, Image Generator as AI Race Heats Up in China
Alibaba Group Holdings and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race.
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Alibaba Turns To Little-Known Coder To Continue Jack Ma's Legacy
Alibaba Group Holding Ltd. ushered through a parade of high-profile stewards over its 24-year history, from the larger-than-life Jack Ma himself to a succession of C-suite executives who frequent conference and diplomatic circles.
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Alibaba Loses $100 Billion Amid Battle In China's Food Delivery Market
A protracted battle in China's food-delivery market has chopped $100 billion in market value from Alibaba Group Holding Ltd., with no end in sight for damage to profits and investor confidence.
-
Tencent’s AI Bot Passes DeepSeek as China’s Favorite on iPhones
Tencent Holdings’s Yuanbao became the most downloaded iPhone app in China this week. It overtook DeepSeek to claim the position. With this, Tencent has stolen a march on rivals like Alibaba and Baidu, which have made bigger bets on AI than the Shenzhen company.
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Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
-
Jack Ma's Surprise Internal Memo To Alibaba Staff
Jack Ma urged Alibaba staff to take a page from hard-charging rival PDD Holdings Inc. in a surprise internal memo, in which the billionaire called on the company he co-founded decades ago to embark on fundamental change.
-
iPhone 15 Series Gets Deep Discounts by Chinese Retailers as Analysts Point to Weak Sales
Chinese e-commerce platforms including PDD Holdings' Pinduoduo and Alibaba's Taobao are offering deep discounts on Apple's latest iPhone 15 series, with some selling models up to CNY 900 ($123) below the retail price.
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Chinese Billionaire's Fortune Cut By Half As Company Stock Implodes: Report
JD.com lags behind competitors including Alibaba and PDD Holdings when it comes to attracting merchants and distributors that sell low-cost goods.
-
Alibaba's Ex CEO Resigns As Jack Ma's Lieutenants Take Up Positions
Alibaba Group Holding Ltd.'s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China's largest e-commerce company.
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Chinese Premier Urges Tech Giants To Support Economy As Crackdown Ends
China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
-
Alibaba, Huawei Unveil New Products, Image Generator as AI Race Heats Up in China
Alibaba Group Holdings and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race.
-
Alibaba Turns To Little-Known Coder To Continue Jack Ma's Legacy
Alibaba Group Holding Ltd. ushered through a parade of high-profile stewards over its 24-year history, from the larger-than-life Jack Ma himself to a succession of C-suite executives who frequent conference and diplomatic circles.
