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Wealth quote of the day by Jack Ma: “When you have $1 million, that’s your money.... When you have $1 billion, that’s not your money....” — From Alibaba’s humble roots to China’s silicon superpower: how Ma’s journey reshaped global techWealth quote of the day by Jack Ma: “When you have $1 million, that’s your money. When you have $20 million, you start to have a problem. W...- Alibaba upgrades Qwen app to order food, book travelThe new features, now in public testing in China, enable users to complete such tasks entirely within the AI chat interface, without switch...
- The buy button India never got, keeping social platforms stuck in window-shopping modeIndia's social media platforms are powerful marketing tools but not yet retail destinations. Billions scroll and swipe daily, but few buy d...
- China's ecommerce companies are getting singed by a price warThe likes of Alibaba, Meituan and JD.com have been flooding consumers with discounts and coupons to gain market share in the booming one-ho...
- Alibaba misses revenue estimates, but AI boosts cloud businessAlibaba posted 26% cloud revenue growth to 33.4 billion yuan, fueled by heavy AI investment, even as weaker ecommerce sales dragged overall...
- JD. com faces battle to gain ground in China's instant delivery marketThe company has poured billions into JD Takeaway, the food-delivery unit it launched in February, to cut reliance on a core retail business...
- Alibaba's new 'instant commerce' portal passes 40 million daily ordersChinese ecommerce giant Alibaba announced that its new Taobao Instant Commerce portal has surpassed 40 million daily orders within a month ...
- Chinese ecommerce giants make expensive bets on fast deliveriesThe new turf war focused on speed is coming at a high cost in the short term as the ecommerce giants look to entice consumers with hefty di...
- Alibaba, RedNote in tie-up as China ecommerce competition intensifiesThe broadening of the strategic partnership between Alibaba and RedNote comes as China's ecommerce giants vie for market share on multiple ...
- China's Singles Day sales festival wraps up with e-commerce giants reporting sales growthThis year marked the second time Alibaba has not disclosed the actual yuan value of its sales for its landmark festival, which this year ce...
- What is Web3 and why is Jack Dorsey not a believer?This week, Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk tweeted criticisms of Web3, the supposed “next evolution” of the internet ...
- Coutloot launches auto bargain feature on its platformCoutloot, which raised around $8 million recently from Ameba Capital, 9Unicorns, and Astarc Ventures, expects to increase the conversion ra...
- In fresh regulatory move, China tells tech giants to stop blocking rivals' linksThe comments, made by the Ministry of Industry and Information Technology, mark the latest step in Beijing's regulatory crackdown that has ...
- China tells Alibaba, Tencent to open platforms up to each other: ReportChina's internet is dominated by a handful of technology giants who have historically blocked links and services by rivals on their platfor...
- China tells Alibaba, Tencent to open platforms up to each otherChina's internet is dominated by a handful of technology giants who have historically blocked links and services by rivals on their platfor...
- Alibaba’s secret three-year experiment to remake outdated factoriesAlibaba’s path to smart manufacturing starts with garments, a market worth 2.2 trillion yuan ($328 billion) in China last year based on Eur...
- Why open a store? Chinese merchants go live-streaming insteadThese days, shoppers are making their way back to once deserted malls and shops as China emerges from its long winter of coronavirus shutdo...
- In China, trading begins on WeChatChina does have policies about message record-keeping, but it’s unclear to what extent they are enforced.
- Alibaba to go public, could be the second-largest internet company after GoogleAlibaba has also invested aggressively in gaming and instant messaging, two services that hadn’t been central to Ma’s vision for Alibaba un...
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