19 June 2025

Meituan, the Chinese on-demand delivery giant, is maintaining a steady hold on its 70 per cent market share in domestic food delivery, despite intensifying competition from JD.com and Alibaba Group Holding’s Ele.me, as daily orders reached 90 million in recent days, according to a report by Chinese tech media outlet Leiphone.com, citing internal data. Meituan […]

More than 453 brands each surpassed 100 million yuan (US$14 million) in gross merchandise value (GMV) on Alibaba’s Taobao and Tmall platforms during the weeks-long event, the company said on Thursday. The roster included global names such as Apple, Nike, Adidas, L’Oreal and Lululemon, alongside Chinese heavyweights like Midea, Haier, Xiaomi and Huawei Technologies. Alibaba,

Alibaba Cloud, the cloud computing and artificial intelligence (AI) unit of Alibaba Group Holding, is set to launch its second data centre in South Korea to address growing demand driven by the rapid development of generative AI. The company said on Thursday that the new centre would be operational by the end of June, representing

Huawei Technologies is seeking to deepen its role as a global supplier of artificial intelligence (AI) and 5G infrastructure for network operators, as the telecoms industry faces market saturation. Speaking at the Mobile World Congress (MWC) in Shanghai on Wednesday, Huawei deputy chairman Eric Xu Zhijun said that 40 years of rapid development in the