Meituan Posts Third Straight Profit After Chinese Travel Grew
Meituan recorded a third straight quarter of profit, after strong travel demand helped the food delivery giant defy
2023-11-28 17:50
Sea, Grab Face Slowest Southeast Asia Internet Growth Since 2017
Southeast Asia’s internet economy will log its slowest growth on record this year, a group of researchers said,
2023-11-01 12:19
China’s Ultra-Rich Gen Zs Flock Home as Global Tensions Rise
For years, the Harvard College China Forum brought business moguls en masse to the university’s oak-paneled rooms, including
2023-09-22 07:51
Former Alibaba CEO quits cloud unit in surprise move amid landmark restructuring
Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company's cloud division in a surprise move announced just months after he assumed the pivotal role.
2023-09-11 16:50
Baidu Among First Firms to Win China Approval for AI Models
China will approve the first batch of generative artificial intelligence services for public rollout as soon as this
2023-08-31 00:56
JD.com’s Sales Beat Estimates Despite Chinese Economy Weakness
JD.com Inc.’s revenue accelerated in the second quarter after its signature 6.18 festival scored with shoppers, helping the
2023-08-16 18:49
Tinseltown Troubles Torment Studios: Earnings Week Ahead
This week’s entertainment industry earnings are all about the labor disputes gripping Hollywood, as twin strikes by the
2023-08-07 21:19
TikTok Signs Payments Pact With Advance Intelligence in Malaysia
TikTok’s e-commerce arm struck a partnership with Advance Intelligence Group, a financial technology startup, to expand its online
2023-07-21 08:45
TikTok Seeks $20 Billion E-Commerce Business Despite US Setback
ByteDance Ltd.’s TikTok aims to more than quadruple the size of its global e-commerce business to as much
2023-06-08 09:27
Meituan’s Revenue Beats Estimates in China Spending Revival
Meituan’s revenue jumped a faster-than-anticipated 27% after a gradually stabilizing Chinese economy drove meal delivery and travel nationwide.
2023-05-25 17:26
Alibaba to Exit Cloud Business After Beijing Undercuts Potential
Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business is
2023-05-19 14:26
Chinese Cash Flows Into Japan’s Struggling Hot Spring Resorts
A once-faded Japanese honeymoon hot spot is getting a new lease on life thanks in part to Chinese
2023-05-13 06:21