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New Business

JD.com launches gifting feature to compete with Alibaba, Tencent ahead of Lunar New Year

Chinese e-commerce platform operator JD.com on Friday introduced a gifting feature on its mobile app, joining rival Alibaba Group Holding…

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New Business

China’s eagle-eyed Zhejiang sets industrial sights on breeding more movers and shakers

A major economic powerhouse in China is looking to increase its global influence and move up the value chain, with…

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New Business

Alibaba studio pulls top game from Vivo’s app store after similar move by Tencent

Alibaba Group Holding’s video gaming unit will withdraw its flagship mobile title from the app store of smartphone maker Vivo,…

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E-commerce giants jump on China’s latest trade-in programme amid heated competition

China’s major e-commerce companies, from JD.com to Alibaba Group Holding, are rushing to take advantage of Beijing’s latest subsidies aimed…

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Alibaba’s supermarket Freshippo records 9 straight months of profit, CEO says

Freshippo, Alibaba Group Holding’s grocery chain known as Hema in its home market, was profitable for nine straight months in…

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ByteDance leads China’s Big Tech sector in capital spending with US$11 billion for 2024

TikTok owner ByteDance was China’s biggest investor in technologies including artificial intelligence (AI) in 2024, with its outlay almost matching…

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New Business

Hong Kong stocks stuck in the doldrums as traders look for drivers to boost sentiment

Hong Kong stocks fluctuated in early trading as investors awaited catalysts after digesting the US Federal Reserve’s hawkish pivot on…

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New Business

Chinese fintech giant Ant denies imminent restart of IPO process

Ant Group, the fintech affiliate of Alibaba Group Holding, said it had no immediate plans to revive its initial public…

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New Business

Hong Kong stocks fall for second day, erasing all gains made last week

Hong Kong stocks retreated for the second day in a row, erasing all last week’s gains, as investors remained disappointed…

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New Business

From durians to snow tourism, China-Vietnam economic ties enjoy banner year

What do durians, lobsters and snow have in common? They are all delivering economic dividends during an upbeat year for…

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