Jiemian

New Business

IBM shuts China research arm after lay-offs and revenue decline

US computing giant IBM is shutting down one of its major entities in China, 32 years after it was established…

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New Business

Tencent testing DeepSeek to add China’s hottest AI technology to its Weixin super app

Tencent Holdings said it is testing the integration of DeepSeek’s service on Weixin, as the operator of China’s most popular…

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New Business

China’s top fitness app said to lay off 15% of staff as users drop out

China’s largest online fitness platform Keep is said to be slashing over 100 jobs, the latest sign of tepid consumer…

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New Business

Alibaba’s Taobao and ByteDance’s Douyin seek e-commerce price war detente with new policies

Two of China’s leading e-commerce platform operators, Alibaba Group Holding and TikTok owner ByteDance, have started to adjust their focus…

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Tech

ByteDance-owned Douyin said to miss first-half e-commerce sales goal amid weak consumption

ByteDance-owned Douyin, the Chinese version of global hit short video platform TikTok, missed its target gross merchandise value (GMV) in…

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