Hangzhou

New Business

With new F1-style outfit, Alibaba shows effort to give China e-commerce sector a facelift

Alibaba Group Holding is rolling out a new outfit for its delivery workers that resembles the racing suit for Formula…

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New Business

Alibaba Cloud leads US$140 million funding round for embodied AI start-up X Square Robot

The deal marked Alibaba Cloud’s first investment in the embodied intelligence field, according to a statement on Monday from X…

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New Business

Legal battle among ‘secret’ family of Wahaha founder exposes China’s wealth succession crisis

In the last few weeks of his life, Chinese soft drinks billionaire Zong Qinghou scrambled to sign wills and set…

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New Business

Ant Group acquires stake in Chinese memory chip firm InnoStar in self-sufficiency push

Shanghai Yunya Enterprise Management Consulting, a wholly owned subsidiary of Ant Group, recently snapped up a 1.87 per cent shareholding…

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New Business

Unitree dispels fear of armed quadrupeds before IPO, stressing ‘robots for civilian use’

Unitree Robotics has issued a statement to dispel fear about its robot dogs being retrofitted with armaments for military use,…

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New Business

Tesla cuts price of new Model 3 in China as moment of truth nears for variant strategy

The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km,…

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New Business

Alibaba sees strong consumer mindshare reviving e-commerce momentum

E-commerce giant Alibaba Group Holding has won “consumer mindshare” amid its instant commerce push, according to company executives and analysts,…

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China’s Hangzhou makes AI classes compulsory in schools amid nationwide push

Hangzhou, in China’s Zhejiang province, will introduce mandatory artificial intelligence (AI) courses for primary and secondary schools starting in the…

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New Business

China’s new child subsidy is popular. But will it actually raise the birth rate?

When Wang Yuyan first heard about China’s new national child subsidy, she was happy about receiving some extra support. But…

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New Business

Tech war: which Chinese firm is supplying next-generation AI chips to DeepSeek?

The Hangzhou-based start-up’s cryptic one-line post on WeChat triggered online discussions about which AI chip supplier, or suppliers, would unveil…

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