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Tech

US shelves bid to blacklist China’s Ant Group after phone call by Alibaba president, sources say

But the Commerce Department, which oversees the blacklist, shelved the proposal after Alibaba president Michael Evans urged Commerce Secretary Wilbur…

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Tech

PDD-owned Temu’s first-half sales surge to US$20 billion, exceeding 2023 total: report

International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to…

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New Business

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Algorithm engineer Zhou Chang, who worked on the Tongyi Qianwen large language models (LLMs), has decided to leave Alibaba’s cloud…

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Tech

Bilibili and Kuaishou’s Hong Kong listings will showcase the e-commerce prowess of China’s video-sharing giants

“We expect short-form video to become a key topic of discussion in the entertainment sector given the huge user base,…

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Tech

China’s foldable smartphone market heats up with Samsung-ByteDance AI pact, Xiaomi launch

Beijing-based Xiaomi – the world’s third-largest smartphone vendor in the June quarter, according to research firm IDC – is expected…

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Tech

Maths test stumps AI models: which number is bigger, 9.90 or 9.11?

The wave of artificial intelligence (AI) chatbots allowed for public use in mainland China enables many users to create new…

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Tech

ByteDance, Alibaba, SenseTime lead generative AI infrastructure services market in China

GenAI refers to algorithms that can be used to create new content – including audio, code, images, text, simulations and…

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Tech

US dollars exit China’s VC market, ending 2-decade marriage that enabled rise of start-ups

A sea change is taking place in China’s venture capital (VC) industry as the two-decade marriage between US investors and…

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New Business

Trump says ‘I’m for TikTok’ as potential US ban looms

Republican presidential candidate Donald Trump said he supports TikTok even as a potential ban looms if Chinese parent company ByteDance…

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Tech

Tencent-backed video-sharing app Kuaishou wins green light from Hong Kong to raise up to US$6 billion

Beijing-based Kuaishou Technology, the world’s second-largest video-sharing app, has won the green light from Hong Kong to raise roughly US$5…

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