Chris Liu
The Latest
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Baidu's Generative AI 'Ernie' Goes Public, Signaling China's AI Ambitions
In a significant move underscoring China's growing ambitions in the artificial intelligence (AI) sector, Baidu Inc., the country's leading internet search and online marketing company, has made its generative AI product, ERNIE, available to the public. This decision comes as Beijing seeks to strike a balance between fostering innovation and maintaining control over the rapidly evolving technology landscape. 
In a significant move underscoring China's growing ambitions in the artificial intelligence (AI) sector, Baidu Inc., the country's leading internet search and online marketing company, has made its generative AI product, ERNIE, available to the public. This decision comes as Beijing seeks to strike a balance between fostering innovation and maintaining control over the rapidly evolving technology landscape. -
Baozun E-commerce Bets Big: Tackles Challenges of GAP and Introduces Another Troubled Fashion Brand
New Partnership Emerges On the evening of August 28, Baozun E-commerce announced its mid-2023 financial report and declared a new partnership with the American brand management company, Authentic Brands Group (ABG). 
New Partnership Emerges On the evening of August 28, Baozun E-commerce announced its mid-2023 financial report and declared a new partnership with the American brand management company, Authentic Brands Group (ABG). -
BYD Electronics Acquires Jabil Factory for $2.27 Billion: An Apple Supplier's New Ownership
On August 28, BYD Electronics announced that it had signed a framework agreement with Jabil Circuit (Singapore) Pte Ltd, intending to purchase 100% of its shares for approximately 158 billion yuan. This acquisition primarily involves the manufacturing operations located in Chengdu and Wuxi, including the component manufacturing business for existing clients. This activity is currently managed by the seller and its affiliated companies. BYD stated that this acquisition aims to expand its client base and diversify its smartphone component business, significantly improving the structure of its clientele and products. 
On August 28, BYD Electronics announced that it had signed a framework agreement with Jabil Circuit (Singapore) Pte Ltd, intending to purchase 100% of its shares for approximately 158 billion yuan. This acquisition primarily involves the manufacturing operations located in Chengdu and Wuxi, including the component manufacturing business for existing clients. This activity is currently managed by the seller and its affiliated companies. BYD stated that this acquisition aims to expand its client base and diversify its smartphone component business, significantly improving the structure of its clientele and products. -
Pinduoduo Surpasses Revenue Expectations, Signaling a Positive Shift in Consumer Sentiment
In a recent financial revelation, Pinduoduo, the Chinese e-commerce giant, has reported a significant beat in its revenue expectations, further solidifying its position in the competitive e-commerce landscape. The company's Q2 Non-GAAP EPADS stood at $1.44, surpassing estimates by $0.42. Moreover, the revenue figures were equally impressive, clocking in at $7.21 billion, marking a 66% year-over-year increase and beating expectations by a whopping $1.18 billion. 
In a recent financial revelation, Pinduoduo, the Chinese e-commerce giant, has reported a significant beat in its revenue expectations, further solidifying its position in the competitive e-commerce landscape. The company's Q2 Non-GAAP EPADS stood at $1.44, surpassing estimates by $0.42. Moreover, the revenue figures were equally impressive, clocking in at $7.21 billion, marking a 66% year-over-year increase and beating expectations by a whopping $1.18 billion. -
Prada Lipsticks Fly Off the Shelves Amidst High-Priced Cream Buzz
As Prada's newly launched beauty line garners attention for its $3080 "luxury cream", certain shades of its lipstick have quietly sold out. 
As Prada's newly launched beauty line garners attention for its $3080 "luxury cream", certain shades of its lipstick have quietly sold out. -
Shein and Sparc Group Forge Strategic Partnership, Ushering New Era in Fast Fashion
In a significant move that promises to reshape the landscape of the fast fashion industry, Shein, the Gen Z-favored fashion behemoth, has announced a strategic partnership with Sparc Group Holdings. This collaboration is set to merge the strengths of both entities, offering consumers a more integrated shopping experience both online and offline. 
In a significant move that promises to reshape the landscape of the fast fashion industry, Shein, the Gen Z-favored fashion behemoth, has announced a strategic partnership with Sparc Group Holdings. This collaboration is set to merge the strengths of both entities, offering consumers a more integrated shopping experience both online and offline. -
Evergrande's Bankruptcy Reverberates: A Glimpse into China's Property Crisis
In a move that has sent shockwaves through the global financial community, China's Evergrande Group, once the nation's second-largest property developer, has officially filed for bankruptcy in New York. This development is the latest chapter in a saga that has seen the beleaguered firm default on its massive debt, igniting a significant property crisis in China's economy. 
In a move that has sent shockwaves through the global financial community, China's Evergrande Group, once the nation's second-largest property developer, has officially filed for bankruptcy in New York. This development is the latest chapter in a saga that has seen the beleaguered firm default on its massive debt, igniting a significant property crisis in China's economy. -
Bilibili's Stellar Quarter: Revenue Jumps 8%, Beats Expectations as Losses Narrow
Quarterly Snapshot: Bilibili reported a better-than-expected Q2 revenue, with advertising revenue growing 36% YoY, live streaming revenue surging 32%, and adjusted net losses narrowing by 51% YoY. 
Quarterly Snapshot: Bilibili reported a better-than-expected Q2 revenue, with advertising revenue growing 36% YoY, live streaming revenue surging 32%, and adjusted net losses narrowing by 51% YoY. -
Intel Abandons $5.4 Billion Acquisition of Israeli Chipmaker Over Chinese Regulatory Hurdles, Experts Weigh In
Intel and Israeli semiconductor contractor Tower Semiconductor announced on the 16th that their proposed $5.4 billion acquisition deal has been scrapped due to a lack of timely regulatory approvals. Numerous media outlets, including Reuters and Bloomberg, have indicated that the Chinese regulatory bodies are behind the non-approval. 
Intel and Israeli semiconductor contractor Tower Semiconductor announced on the 16th that their proposed $5.4 billion acquisition deal has been scrapped due to a lack of timely regulatory approvals. Numerous media outlets, including Reuters and Bloomberg, have indicated that the Chinese regulatory bodies are behind the non-approval. -
DingTalk Flies Solo Just Before Alibaba Cloud's IPO
Alibaba's determination to break from its "one-size-fits-all" approach is stronger than outsiders may have imagined. 
Alibaba's determination to break from its "one-size-fits-all" approach is stronger than outsiders may have imagined.
