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JD.COM FOUNDER
DeepSeek slated to draw $7 billion in maiden fundraising, sources sayThe fundraising could value the company after the investment at between 350 billion yuan and 400 billion yuan, or between $52 billion and...- JD.com founder vows to protect Chinese jobs from AI and robotsThe company, which is one of the country’s largest employers by headcount, will “do everything possible to safeguard employment for hundred...
- Daily spending dips, but China's 618 shopping fest sets record with all-time high salesChina's big 618 shopping event wrapped up with record sales. The total sales hit a new high. But, daily spending was a bit lower. The sales...
- Chinese exporters on social media platform Rednote ask local consumers to buy goods meant for USChinese sellers are using social media platform Rednote to sell goods originally intended for the U.S. market at discounted prices, citing ...
- TikTok owner ByteDance's chief warns against mediocrity as AI brings disruptionByteDance CEO Liang Rubo warned employees about the company's complacency and lack of attention to AI technology. He mentioned the delayed ...
- Amazon pulls the plug on Kindle store in ChinaUS tech giant Amazon pulled the plug on its Kindle online services in China on Friday, closing a chapter on its fight for the massive consu...
- Alibaba's Hong Kong shares surge 16% on split-up plansOne day before the re-organization was announced, Alibaba founder Jack Ma, who had been out of mainland China since late 2021, was spotted ...
- Five facts about missing star Chinese dealmaker and his firmThe dealmaker's disappearance is the latest in a series of cases of high-profile Chinese executives going missing with little explanation d...
- Chinese billionaire Richard Liu settles US rape allegationRichard Liu, who stepped down as the CEO of Beijing-based e-commerce company JD.com this year amid increased government scrutiny of China's...
- Jeff Bezos takes aim at Elon Musk's Twitter deal with China jibeIn a series of tweets, Jeff Bezos drew attention to Elon Musk-led EV giant’s close ties with China, the world’s biggest electric vehicle ma...
- Beijing Tech Crackdown: Richard Liu, billionaire founder of JD.Com, steps down as CEOChinese eCommerce giant JD.COM's CEO has stepped down because of the tech crackdown, and now, the president of the company, XU Lei, will be...
- JD.com says founder Liu to step away from day-to-day operationsThe move comes as several other founders of China's tech companies have gradually relinquished the top job, such as at Alibaba and ByteDanc...
- TikTok owner ByteDance launches Douyin Pay, its mobile payment service for China"The set-up of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin," Douyin...
- NYSE to delist Chinese telco giants on US executive orderThe three companies have separate listings in Hong Kong. All generate the entirety of their revenue in China and have no meaningful presenc...
- Jack Ma again endorses extreme overtime as furor rages onMa said forcing employees to work gruelling hours was “inhumane” -- but that some wanted to do so.
- Lyft filing could kick off cavalcade of high-profile tech IPOsJust as Lyft beat Uber Technologies Inc. to the idea that regular people could use their cars to charge for rides, it now looks set to beat...
- Jack Ma to remain Alibaba executive chairman, reveal succession plan next weekNew York Times reported that Ma will retire from the e-commerce company on Monday
- Single's Day sales smash records in China with USD 45 billionAlibaba Group, during its Double 11 (also called 11.11 sale), surpassed its last year's "Single's Day" sales of USD 18 billion, netting abo...
- Alibaba to invest $1 billion in LazadaAlibaba took control of Lazada last year from Rocket in a $1 billion deal -its largest overseas move to date.
- Chinese investment banker Fan Bao searches for next Jack MaFan Bao has managed merger of two Chinese taxi apps into a $6-billion behemoth, which now wants to grow globally.
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