618 shopping festival

New Business

Opinion | Will China’s bid to boost domestic demand pay off?

At the World Economic Forum’s “Summer Davos” meeting in Tianjin last month, Premier Li Qiang said that China is evolving…

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New Business

Local governments halt some subsidies on purchases ahead of China’s 618 shopping festival

With e-commerce platforms gearing up for one of China’s biggest shopping festivals of the year, some local governments have suddenly…

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Tech

AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with…

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Tech

Alibaba revenue edges up to US$33.5 billion but misses estimates in second quarter

Alibaba Group Holding saw revenue grow 4 per cent in the second quarter, missing estimates, as the e-commerce giant navigates…

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Tech

Huawei offers rare price cut on latest smartphones after strong showing in shopping festival

Huawei Technologies has made a rare price cut for its Pura 70 smartphones, three months after the series hit the…

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