Chris Liu
The Latest
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Alibaba Combines Domestic and Global E-Commerce Units, Focuses on AI and Competitiveness
Alibaba Group is consolidating its domestic and international e-commerce platforms into a unified division, marking a significant restructuring aimed at strengthening its competitive edge in an increasingly crowded market. The move, announced in a Thursday securities filing, merges the Taobao and Tmall Group with the Alibaba International Digital Commerce Group (AIDC), which oversees platforms like AliExpress and Alibaba.com. 
Alibaba Group is consolidating its domestic and international e-commerce platforms into a unified division, marking a significant restructuring aimed at strengthening its competitive edge in an increasingly crowded market. The move, announced in a Thursday securities filing, merges the Taobao and Tmall Group with the Alibaba International Digital Commerce Group (AIDC), which oversees platforms like AliExpress and Alibaba.com. -
DOJ Seeks to Break Up Google's Android and Limit AI Training, Beyond Just Divesting Chrome
The U.S. Department of Justice (DOJ) has escalated its antitrust case against Google, calling for the company to not only divest its Chrome browser but also to separate its Android operating system and limit its artificial intelligence (AI) model training. 
The U.S. Department of Justice (DOJ) has escalated its antitrust case against Google, calling for the company to not only divest its Chrome browser but also to separate its Android operating system and limit its artificial intelligence (AI) model training. -
SpaceX's Starship Completes Sixth Test Flight with Near-Orbital Splashdown, Trump's Support on Display
In a significant milestone for SpaceX's ambitious mission to make space travel more accessible, the company's Starship completed its sixth test flight on Tuesday. The world's largest and most powerful rocket lifted off at 4 p.m. CST from the SpaceX Starbase in Boca Chica, Texas, amid much fanfare and the presence of high-profile spectators, including President-elect Donald Trump and SpaceX founder Elon Musk. 
In a significant milestone for SpaceX's ambitious mission to make space travel more accessible, the company's Starship completed its sixth test flight on Tuesday. The world's largest and most powerful rocket lifted off at 4 p.m. CST from the SpaceX Starbase in Boca Chica, Texas, amid much fanfare and the presence of high-profile spectators, including President-elect Donald Trump and SpaceX founder Elon Musk. -
Microsoft Showcases AI 'Agents' at Ignite 2024, Betting Big on Automation
Microsoft is stepping up its ambitions in artificial intelligence (AI), introducing a vision of "agentic AI" at its Ignite 2024 conference, where AI-powered tools take on complex, automated tasks for businesses. CEO Satya Nadella spoke in Chicago about Microsoft's drive to embed AI agents across its software platforms, aiming to transform organizational workflows and bolster productivity. 
Microsoft is stepping up its ambitions in artificial intelligence (AI), introducing a vision of "agentic AI" at its Ignite 2024 conference, where AI-powered tools take on complex, automated tasks for businesses. CEO Satya Nadella spoke in Chicago about Microsoft's drive to embed AI agents across its software platforms, aiming to transform organizational workflows and bolster productivity. -
U.S. Pushes Google to Sell Chrome Amidst Major Antitrust Crackdown
The U.S. Department of Justice (DoJ) is preparing to seek court intervention that could compel Google to divest its Chrome browser, in a bold effort to break up what regulators say is the company's overwhelming dominance in the internet search and digital advertising sectors. This action, reported by Bloomberg, is part of a broader strategy to curb Google's market power following a federal court ruling in August, which found that Google had violated antitrust laws by creating and maintaining a monopoly over online search. 
The U.S. Department of Justice (DoJ) is preparing to seek court intervention that could compel Google to divest its Chrome browser, in a bold effort to break up what regulators say is the company's overwhelming dominance in the internet search and digital advertising sectors. This action, reported by Bloomberg, is part of a broader strategy to curb Google's market power following a federal court ruling in August, which found that Google had violated antitrust laws by creating and maintaining a monopoly over online search. -
Xiaomi Q3 Revenue Rises 30.5% on Electric Vehicle Success, Sets Higher Sales Target
Xiaomi Corp reported a 30.5% increase in third-quarter revenue, driven by strong sales of its debut electric vehicle (EV), the SU7 sedan, which has attracted significant consumer interest since its launch in March. 
Xiaomi Corp reported a 30.5% increase in third-quarter revenue, driven by strong sales of its debut electric vehicle (EV), the SU7 sedan, which has attracted significant consumer interest since its launch in March. -
ByteDance Sets $300 Billion Valuation Amid TikTok’s U.S. Legal Battle
ByteDance, the parent company of TikTok, recently valued itself at $300 billion in a share buyback offer, according to The Wall Street Journal. This valuation comes at a critical moment as ByteDance faces potential regulatory actions in the United States that could lead to a ban on TikTok due to national security concerns tied to its Chinese ownership 
ByteDance, the parent company of TikTok, recently valued itself at $300 billion in a share buyback offer, according to The Wall Street Journal. This valuation comes at a critical moment as ByteDance faces potential regulatory actions in the United States that could lead to a ban on TikTok due to national security concerns tied to its Chinese ownership -
SpaceX's $135/Share Tender Offer to Value Company at Over $250 Billion
Elon Musk's SpaceX is preparing to launch a tender offer in December, aiming to sell existing shares at $135 per share, according to sources familiar with the matter. This move would boost the company's valuation to over $250 billion, reflecting a significant increase from its June valuation of $210 billion. SpaceX did not immediately respond to requests for comment on the proposed offer. 
Elon Musk's SpaceX is preparing to launch a tender offer in December, aiming to sell existing shares at $135 per share, according to sources familiar with the matter. This move would boost the company's valuation to over $250 billion, reflecting a significant increase from its June valuation of $210 billion. SpaceX did not immediately respond to requests for comment on the proposed offer. -
Meta Fined Nearly $841 Million by EU Over Antitrust Breaches Related to Marketplace
Meta Platforms, the parent company of Facebook, has been hit with a nearly $841 million fine by the European Union for what regulators have labeled as "abusive practices" connected to its Marketplace classified ads business. The $841 million penalty marks the first time the EU has imposed such a fine on the social media giant for breaching the bloc's competition laws, reflecting the European Commission's ongoing scrutiny of Big Tech. 
Meta Platforms, the parent company of Facebook, has been hit with a nearly $841 million fine by the European Union for what regulators have labeled as "abusive practices" connected to its Marketplace classified ads business. The $841 million penalty marks the first time the EU has imposed such a fine on the social media giant for breaching the bloc's competition laws, reflecting the European Commission's ongoing scrutiny of Big Tech. -
Google Launches Gemini AI App for iPhone with Interactive Voice Assistant
Alphabet's Google has expanded its presence in the AI chatbot market by introducing its Gemini AI app to Apple's iPhone platform. The new app, which was quietly released to the App Store this week, features Gemini Live-a voice-based tool designed to engage users in natural and dynamic conversations. Google's latest move signifies a broader push to compete with OpenAI's ChatGPT, which is also set to be integrated into Apple's Siri, marking a significant step in the evolution of AI-powered voice assistants. 
Alphabet's Google has expanded its presence in the AI chatbot market by introducing its Gemini AI app to Apple's iPhone platform. The new app, which was quietly released to the App Store this week, features Gemini Live-a voice-based tool designed to engage users in natural and dynamic conversations. Google's latest move signifies a broader push to compete with OpenAI's ChatGPT, which is also set to be integrated into Apple's Siri, marking a significant step in the evolution of AI-powered voice assistants.
