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Alibaba bets on Taobao, Tmall clothing merchants to compete overseas against Shein, Temu

Eligible merchants on Taobao and Tmall can enroll in Alibaba’s new pan-clothing global free shipping plan, so they can sell…

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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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Tech

China tops world in AI patent filings, surpassing the US for the first time

China now leads the world in artificial intelligence patent applications, surpassing the United States for the first time, a development…

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Tech

CrowdStrike-Microsoft outage: China avoids disruption on back of cybersecurity drive

QAX, a spin-off from the enterprise business of Shenzhen-listed 360 Security Technology, said organisations on the mainland should “prioritise domestic…

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New Business

Opinion | US must ground its economic policy in reality, sooner rather than later

This is not a narrative that the Biden administration will be anxious to have broadcast in the run-up to the…

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Tech

Shein, Temu face uncertain times in South Africa, EU, other markets amid high-tariff push

Some consumers in South Africa are looking to abandon popular low-cost online retailers Shein and Temu, according to recent social…

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New Business

Has China, after long-awaited third plenum, given its market a demotion?

The use of “better leverage” in reference to the role of the market at the twice-a-decade event – formally known…

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New Business

China’s Communist Party sticks to painful reform playbook to target risks and growth

It was released at the end of the four-day session, known as the third plenum, an important event for the…

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New Business

Deutsche Bank looks to Asia-Pacific wealth management business to drive core growth

“There is not one of our Asian markets where I would say that there is no growth. Asia-Pacific will drive…

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Tech

China’s smart computing gets upgrade as AI demand, tech restrictions drive expansion

China’s capacity for smart computing has undergone rapid growth in the past year, driven by a market frenzy for artificial…

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