Alibaba Group Holding on Thursday reported revenue growth of 45 per cent for its cloud and artificial intelligence division in…
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Chinese firms face pressure on AI investments as US peers’ spending keeps soaring
Artificial intelligence investments by US tech giants continue to soar, dwarfing those of Chinese AI firms, but China’s rising appetite…
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AI spending helps save global economy under threat of trade war, IMF director says
The world economy has shown resilience despite US trade wars with its major trading partners, thanks in part to strong…
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My Take | With ‘instant commerce’, China’s first-world infrastructure faces third-world spending
A new battle in China’s e-commerce war has erupted in the form of “instant commerce”, a combination of online shopping…
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Alipay and WeChat Pay see booming inbound spending in China during Labour Day holiday
Early figures from China’s two dominant mobile payment services, Alipay and WeChat Pay, showed strong inbound travel spending during the…
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My Take | Will AI and robots drive China’s next consumer spending spree?
China published a new action plan last Sunday aimed at boosting consumer spending, and the immediate question for many observers…
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ByteDance leads China’s Big Tech sector in capital spending with US$11 billion for 2024
TikTok owner ByteDance was China’s biggest investor in technologies including artificial intelligence (AI) in 2024, with its outlay almost matching…
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Baidu’s third-quarter revenue falls 3% as economic woes hit ad spending
Chinese internet search giant Baidu’s revenue fell 3 per cent in the third quarter, as the country’s weak economy takes…
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Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong amid China’s tech drive
China’s southern tech hub Shenzhen spent a record amount on research and development (R&D) last year, rivalling Beijing’s level and…
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Alibaba, JD.com claim big win in Singles’ Day sales as consumer spending bounces back
Alibaba Group Holding and JD.com wrapped up their respective Singles’ Day promotions this year, with both Chinese e-commerce giants claiming…
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