Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024. Qilai Shen | Bloomberg | Getty Images Alibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer. … Read more
It was another volatile week for stocks, but Wall Street ultimately finished lower again. The market experienced a sharp sell-off Monday on recession concerns, which led the S & P 500 and Dow Jones Industrial Average to its worst single-day performances since 2022. The VIX index — Wall Street’s fear gauge and a measure of … Read more
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — Chinese companies seeking growth from exports face a new challenge: a strengthening yuan. The “offshore” yuan traded in Hong Kong surged Monday against the U.S. … Read more
Tencent Games was one of the exhibitors at ChinaJoy in Shanghai on July 26, 2024. Str | Afp | Getty Images BEIJING — When it comes to gaming, the use of ChatGPT-like generative artificial intelligence is still in an exploratory phase, according to Liang Chen, general manager of Tencent Cloud’s internet industry department. Parent company … Read more
Digital code and Chinese flag representing cybersecurity in China. Anton Petrus | Moment | Getty Images AI companies in China are undergoing a government review of their large language models, aimed at ensuring they “embody core socialist values,” according to a report by the Financial Times. The review is being carried out by the Cyberspace Administration … Read more
TIANJIN, CHINA – JUNE 20: A humanoid robot Xiao Qi is on display during the 2024 World Intelligence Expo at the National Convention and Exhibition Center (Tianjin) on June 20, 2024 in Tianjin, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images China dominates the global race in generative … Read more
BRAZIL – 2022/03/22: In this photo illustration, a woman’s silhouette holds a smartphone with a Shopee logo in the background. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shopee and its courier service Shopee Express admitted to breaching a competition rule in Indonesia and … Read more
Cisco established operations in China in 1994. Sopa Images | Lightrocket | Getty Images DALIAN, China — Cisco is “very optimistic” about its growing business with Chinese electric car companies as they expand overseas, the company’s Greater China head told CNBC on Tuesday. The EV segment is the U.S. tech giant’s second-largest for the region … Read more
The Apple Siri AI icon is being displayed on a smartphone, with Apple Intelligence in the background. Jonathan Raa | Nurphoto | Getty Images Apple’s big artificial intelligence push faces some big challenges in China — one of the iPhone maker’s most critical markets — as Beijing maintains strict rules around the buzzy technology. The … Read more
A Chinese shopper buys goods online in Zhoushan city, East China’s Zhejiang province, June 18, 2024. Cfoto | Future Publishing | Getty Images China’s annual 618 mid-year e-commerce festival saw sales drop for the first time in 8 years, according to retail data provider Syntun, signaling consumption recovery in the world’s second-biggest economy was still … Read more
