China Leads the World in Deliveries: 174.5 Billion Packages in 2024China's express delivery volume reached 174.5 billion in 2023, marking a 21% increase and solidifying its global leadership in the sector.
Alibaba Sells $1.6 Billion Stake in Sun Art Retail Group as It Shifts FocusAlibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.
Is Michael Burry Making a Mistake? The Hedge Fund Guru’s Risky Play on ChinaMichael Burry increases investments in Chinese firms while hedging against potential declines, reflecting cautious market sentiment.
Apple Hunts for AI Partners in China Amid Tech TensionsApple announced at the WWDC that it would partner with OpenAI to provide AI features linked with ChatGPT on its devices.
Free AI? China's Tech Giants Offer No-Cost Language Models Amid Intense CompetitionReuters=News1In China, where access to ChatGPT is blocked, Chinese companies are heating up competit ...
Beware of Bargain Bling: Carcinogens Detected in Jewelry from Alibaba and TemuCarcinogenic substances exceeding Korean safety standards by up to 700 times have been detected in jewelry sold at ultra-low prices on Chinese e-commerce platforms, AliExpress and Temu. On the 7th, Incheon Regional Customs announced that upon analyzing the components of 404 pieces of jewelry, such as earrings and rings, sold on AliExpress and Temu, carcinogens […]
Alibaba's Chairman Daniel Zhang: 'We're Changing Global Perception'“Alibaba is not just a company trying to monopolize the market with cheap Chinese products. We are a global business, and we believe it’s important to change consumers’ perception worldwide.” According to the Chinese IT media outlet ZAKER on the 4th, Daniel Zhang, the chairman of China’s largest e-commerce company, Alibaba, made this statement in […]
BYD Founder Wang Chuanfu Faces Crisis Over Alleged Extramarital AffairChairman Wang Chuanfu of BYD, a major Chinese electric vehicle company, is recently rumored to have illegitimate children in the United States—/Search engine Baidu. Wang Chuanfu, 58, founder of BYD, a major Chinese electric vehicle company comparable to Elon Musk’s Tesla, is suddenly embroiled in rumors of having illegitimate children in the United States, facing […]
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