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New Business

China urged to curb excessive cash burn, not competition, to fight ‘neijuan’

With e-commerce platforms locked in fierce competition for China’s instant retail market, a prominent Chinese economist has called for government…

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New Business

Alibaba’s world-leading AI lab becomes a target for talent poaching by Chinese rivals

Top artificial intelligence talent at Alibaba Group Holding’s Tongyi Lab, developer of the widely used open-source Qwen models, has become…

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New Business

How Alibaba and Meituan are fighting for customers, 1 free drink at a time

Shanghai delivery rider Xie Yu was halfway through his shift on Thursday when he realised he would end up with…

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New Business

China’s steelmakers cool competitive fires as price war cuts profit margins

As a fierce price war threatens to turn their revenues microscopic, China’s steel firms are calling for changes to make…

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New Business

China should keep GDP growth between 4.5% and 5% for next 5-year plan: scholar

China will need to achieve annual gross domestic product growth of at least 4.5 per cent over the next five…

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New Business

World robotics conference in China marks 10th year with JD.com as strategic partner

At the conference, which will run from Friday to Tuesday, JD.com would announce “a major strategic plan to promote the…

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New Business

Alibaba seeks to reclaim e-commerce dominance in China with cross-service loyalty scheme

Alibaba Group Holding is set to launch a new membership programme spanning a range of services from an online marketplace…

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New Business

JD.com reportedly buys majority stake in Hong Kong’s Kai Bo grocery chain

Chinese e-commerce group JD.com reportedly bought a majority stake in Hong Kong grocery chain Kai Bo, marking the mainland company’s…

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New Business

China urged to curb ‘neijuan’ by boosting domestic consumption, innovation-led growth

Stimulating consumer demand and encouraging sustainable innovation are vital to China’s efforts to combat excessive competition – termed neijuan in…

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New Business

China’s top market regulator summons Alibaba, Meituan, JD.com over delivery price war

China’s State Administration for Market Regulation (SAMR) on Friday summoned major online food delivery platforms – Alibaba Group Holding’s Ele.me,…

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