INDUSTRY BRIEF: China regulators intervene in growing food delivery wars
Regulators have stepped in to try to tamp down a growing price war in China’s takeout dining sector. On the evening of May 13, the State Administration for Market Regulation…
BRIEF: Ant Group eyes Hong Kong listing for overseas unit
Ant Group Co. Ltd., the fintech affiliate of Alibaba Group Holding Ltd. (BABA.US; 9988.HK), is planning to list its Ant International overseas arm in Hong Kong, Caixin reported, citing unidentified…
Apple’s AI gamble in China: Did it bet on the wrong horse?
Apple may have miscalculated by teaming with Alibaba in a limited AI partnership, rather than embracing open-source sensation DeepSeek By Vivian Toh When Apple (AAPL.US) recently unveiled its collaboration…
BRIEF: Alibaba to develop AI-powered iPhone with Apple for China
Alibaba Group Holding Ltd. (BABA.US; 9988.HK) and Apple Inc. (AAPL.US) have reportedly agreed to jointly develop and produce an iPhone equipped with artificial intelligence (AI) capabilities for the Chinese market,…
JD.com seeks place at China’s massive takeout dining table
The e-commerce giant is working with major chains and ‘high-quality’ restaurants as it prepares to challenge the duopoly of Meituan and Ele.me Key Takeaways: JD.com has signaled it’s preparing to…
Alibaba’s Sun Art Sale, and a China-Kazakhstan Dual Listing
Alibaba has announced a plan to sell its majority stake in the operator of the RT-Mart supermarket chain. And a Chinese mining startup plans to list shares in both Hong…
IM Motors steers clear of EV shockwaves with funding deal
The SAIC Group’s electric vehicle unit has secured its financial base despite disappointing car sales and jitters over the abrupt collapse of a rival firm Key Takeaways: IM Motors raised…
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