August 28, 2023
China’s Xpeng to Acquire Didi’s EV Business in $744 Million...
Chinese electric vehicle manufacturer Xpeng has revealed its intention to acquire Didi’s electric car development business in a deal valued at potentially up to $744 million. This strategic move aims...
August 25, 2023
Alibaba Cloud Unveils AI Models That Understand Visual Content
Alibaba Cloud has unveiled two open-source artificial intelligence (AI) models that have the ability to understand both images and text. These models — Qwen-VL and Qwen-VL-Chat — were trained on Alibaba...
August 24, 2023
TikTok, Amazon, Google and More Scramble Before Launch of EU’s...
It is the European Union’s (EU) digital decade — and it starts Friday (Aug. 25). The rest of the world, particularly its tech sector, has officially been put on notice. ...
August 21, 2023
Gucci Doubles Down on China’s Consumers With JD.com Expansion
As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend. ...
August 21, 2023
Chinese eCommerce Giants Embrace Lower-Priced Goods
Consumers in China have started trading down, and the country’s eCommerce giants are acting accordingly. Companies like Alibaba and JD.com have launched campaigns to promote lower-priced items, The Wall Street Journal (WSJ) reported Monday (Aug....
August 20, 2023
Big Tech Faces ‘Glass-Steagall Moment’ in Europe
Big tech companies like Google and Apple will soon face sweeping new regulations in Europe. As The Wall Street Journal noted in a report Sunday (Aug. 20), the new laws...
August 16, 2023
Market Shares as An Important Factor in China’s Resale Price...
By Peter J. Wang, Qiang Xue, Yizhe Zhang & David Wu1 I. Overview Resale price maintenance (“RPM”) has been a hotly discussed issue in China’s antitrust sphere over the...
August 15, 2023
Can China’s First-Mover Advantage in Regulating AI Keep Innovation Alive?
As of this week, artificial intelligence (AI) is no longer a globally unregulated entity. This, as China’s new rules governing the disruptive technology — composed of two dozen guidelines —...
August 14, 2023
As Summer Wanes, Shein Shines Atop Shopping App Rankings
Back to school looms, and shopping — for now, at least — revolves around backpacks, Chromebooks, fall fashion, sneakers and, possibly, stocking up on dorm room snacks. And for the...
