Alibaba’s Chinese commerce business has shrunk for the first time amid weak consumer spending. The Chinese conglomerate released earnings Thursday (Aug. 15) showing a 27% decline in profit,...
Contrary to widespread worries about a potential economic slowdown, shipping giant Maersk has reportedly seen no signs of a U.S. recession. Judging by the demand for...
Digital payments platform WorldFirst has partnered with Walmart to let eCommerce sellers based in China collect funds from Walmart Marketplace. “This partnership with Walmart further strengthens WorldFirst’s international...
Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. The round, which included participation by Tencent Holdings, lifted Moonshot’s valuation to...
Apple is reportedly pressuring the makers of China’s most popular apps — WeChat and Douyin — to stop allowing in-app creators to steer users to...
WeRide, a Chinese autonomous driving startup, is planning to go public in the U.S. The company filed for an initial public offering (IPO) with the...
Cross-border trade payments platform XTransfer has joined forces with payments firm EBANX. The partnership, announced Tuesday (July 23), is designed to streamline B2B payments in Latin America. “This collaboration will...
Chinese consumers are reportedly choosing to repay debt and buy wealth management products, despite government efforts to get them to spend. The country’s consumers put less...
Chinese companies are racing ahead in adopting generative artificial intelligence (AI), a technological leap that experts say could upend global commerce and give China a...