11 May 2025

AI will be the mainstay of Alibaba’s business in next 3-5 years, chairman Joe Tsai says

AI will be the mainstay of Alibaba’s business in next 3-5 years, chairman Joe Tsai says

Alibaba Group Holding’s operations will be driven by artificial intelligence (AI) in the next three to five years, in line with the e-commerce giant’s ambitious AI strategy, according to chairman Joe Tsai. “In the next three to five years, all of our businesses should be driven by AI,” Tsai said on Saturday at AliDay, the […]

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Baidu’s Apollo Go expands robotaxi tests in Hong Kong as it aims for global reach

Baidu’s Apollo Go expands robotaxi tests in Hong Kong as it aims for global reach

Apollo Go, which operates one of the world’s largest networks of ­robotaxis, has expanded the testing of its autonomous taxis across more locations in Hong Kong, moving closer to launching its services in the city. Currently, a fleet of 10 vehicles is operating on streets in Cheong Hing Road, Second Sky Street, Airport Expo Boulevard,

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Exclusive | Heavy equipment maker Sany eyes doubling of overseas revenue after Hong Kong IPO

Exclusive | Heavy equipment maker Sany eyes doubling of overseas revenue after Hong Kong IPO

Sany Heavy Industry, one of China’s largest heavy equipment manufacturers, plans to use the sum of up to US$1.5 billion that it could raise in a proposed Hong Kong initial public offering (IPO) to support global expansion, despite ongoing trade tensions between China and the US, according to an executive. The Shanghai-listed company will use

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Temu points Chinese sellers to Middle East, Latin American markets amid US tariff woes

Temu points Chinese sellers to Middle East, Latin American markets amid US tariff woes

On Friday, more than 1,000 Chinese merchants selling on the Temu online marketplace gathered for a five-hour event in Guangzhou, capital of Guangdong province and a key export hub in southern China. They came to learn about the latest clothing trends in various overseas markets – except the largest one, the US. The event featured

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