According to analysts, the share price collapse of Temu owner PDD reflects the “shattered confidence of investors”
A 28.5 percent plunge on Monday that wiped $55 billion off the value of PDD Holdings, owner of shopping apps Temu and Pinduoduo, reflected “shattered investor confidence” in the company’s future after top management stunned investors by downplaying its earnings…
China’s leading technology companies double their AI spending despite US sanctions
China’s leading technology companies have significantly increased their capital spending this year, focusing heavily on artificial intelligence infrastructure, despite ongoing U.S. sanctions aimed at curbing China’s progress in this important sector. Alibaba, Tencent and Baidu spent a combined 50 billion…
China’s AI price war could trigger global technology showdown
Chinese technology giants are slashing prices for artificial intelligence (AI) models and Silicon Valley is feeling the pressure. Fierce competition, initially sparked by companies like Baidu in China, is changing the global AI landscape. As prices fall, companies worldwide could…
Walmart is expected to raise $3.6 billion by selling its stake in JD.com, ending the 8-year partnership
JD.com’s Hong KongThe listed shares fell 10 percent to HK$101.10 as of 2:23 p.m. local time on Wednesday, triggering a broader sell-off in Chinese e-commerce and technology stocks. Walmart is refining its strategy in the world’s second-largest economy, where its…
Walmart is expected to raise $3.6 billion by selling its stake in JD.com, ending the 8-year partnership
JD.com’s Hong KongThe listed shares fell 10 percent to HK$101.10 as of 2:23 p.m. local time on Wednesday, triggering a broader sell-off in Chinese e-commerce and technology stocks. Walmart is refining its strategy in the world’s second-largest economy, where its…
Momentum in Hong Kong growth stocks continues
CLN CraneShares Important news Asian equity markets were mixed on weak news ahead of the US Federal Reserve’s Jackson Hole meetings, with the US dollar weakening against Asian currencies and Hong Kong, Thailand and Malaysia outperforming while Japan and South…
Alibaba’s long-awaited connection to the Chinese stock market could bring a timely boost
The fact that Chinese investors can finally buy shares in Alibaba Group Holding could give the e-commerce company’s share price a much-needed boost and bring it inflows of as much as $20 billion next year. The company first floated the…
Can China’s tech giants survive without consumers?
Last week’s earnings reports from Chinese technology companies should be a wake-up call for Beijing. Alibaba Group Holding Ltd. and JD.com Inc. pulled out all the stops to get customers to spend during their 618 shopping festival, a Black Friday-like…
Chinese tech giants use AI for online interactions
China’s leading technology companies are increasingly integrating artificial intelligence (AI) into their services, transforming the way millions of people interact, learn and work online. The integration of AI, particularly in social media, education and workplace tools, is significantly reshaping China’s…
Alibaba’s long-awaited connection to the Chinese stock market could bring a timely boost
(Bloomberg) — Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. could give the e-commerce company’s stock price a much-needed boost and bring in as much as $20 billion in inflows next year. Most read by…
