Meituan’s Revenue Beats Estimates in China Spending Revival
Meituan’s revenue jumped a faster-than-anticipated 27% after a gradually stabilizing Chinese economy drove meal delivery and travel nationwide.
2023-05-25 17:18
Xi Remade China's Tech Industry in His Own Image With Crackdown
Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy
2023-05-25 07:18
Alibaba unit ordered to pay NetEase $7.2 million over game copyright
By Josh Ye HONG KONG (Reuters) -A Chinese court has ordered an Alibaba Group unit that developed the hit mobile
2023-05-24 20:57
ChatGPT: Can China overtake the US in the AI marathon?
Washington's efforts to limit China's access to crucial cutting-edge technology continue.
2023-05-24 05:25
Alibaba’s Cloud Arm to Cut 7% of Staff in Overhaul, Sources Say
Alibaba Group Holding Ltd.’s cloud division has begun a round of job cuts that could reduce its staff
2023-05-23 18:47
China Tech Megacaps in a Funk Despite Upbeat Sales: Tech Watch
Slowdown fears are weighing on Chinese tech stocks and even upbeat sales figures from the industry’s bellwethers can’t
2023-05-19 22:29
Alibaba to Exit Cloud Business After Beijing Undercuts Potential
Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business is
2023-05-19 14:23
Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm
Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off
2023-05-18 21:49
Meituan Planning Hong Kong Debut as Soon as Monday, Sources Say
Meituan is set to launch a sister app in Hong Kong as soon as Monday, taking the world’s
2023-05-18 18:55
Tencent’s Revenue Grows Most in Over a Year After China Reopens
Tencent Holdings Ltd. grew revenue at its fastest pace in more than a year, fueling hopes the world’s
2023-05-17 16:57
Alibaba Vows ‘Historic’ Investment in Taobao and Content
Alibaba Group Holding Ltd.’s e-commerce division will make “huge” investments in its Taobao shopping app, as the newly
2023-05-16 09:25
JD’s CEO Exits After a Year at the Helm as Growth Dwindles
JD.com Inc.’s chief executive officer is departing after about a year at the post, a surprise move that
2023-05-11 20:49