Alibaba 1 of 100 Chinese tech firms to have government officials assigned
Alibaba is to have a Chinese government official assigned to work with it in the latest escalation in the ties between the state and the private sector. Over 100 companies…
Retailers brace for price hikes as Trump tariff on Chinese exports hits
Retailers prepared for rising prices across the board in the US as a new tariff against Chinese exports came into force on Sunday September 1.
Apple is expected to take…
Alibaba will be first retailer to recieve Chinese “state-backed” cryptocurrency
Alibaba will be the first retailer to be issued China’s state-backed cryptocurrency alongside six other Chinese financial giants. China’s central bank will launch a national cryptocurrency dubbed DC/EP (Digital Currency/Electronic…
JD.com shares jump 13% after surprise revenue rise
JD.com’s second quarter revenues have well outpaced analyst estimates despite fears the escalating trade war would dampen sales, sending shares skyrocketing. The Chinese ecommerce giant saw shares jump nearly 13…
Alibaba has had $80bn wiped off its market value in the trade war
Alibaba has seen $80 billion wiped off its market value since the escalation of the US – China trade war in May, and could post its slowest growth in years…
Tariffs on Chinese goods will hit consumers hardest says NRF
Tariffs imposed on Chinese imports by President Donald Trump will hurt consumer purchases in the US, according to four major retail groups. The National Retail Federation (NRF), which includes Amazon…
Apple has Chinese services business in sight with new app accelerator
Apple Inc has launched a new programme in Shanghai to encourage Chinese developers to create apps.
As part of the tech giant’s efforts to establish its services business in the…
DHL launches drone deliveries in China
DHL has begun making regular drone deliveries in China’s Guangzhou region dramatically reducing delivery times in the hard to reach area. In partnership with Chinese unmanned aerial vehicle (UAV) giant…
JD.com launches programme allowing manufactures to sell directly to consumers
JD.com has launched a new programme which will see it offer manufacturers the tools to sell directly to consumers on its platform.
The Chinese ecommerce giant’s new system will give…
Alibaba applies for 262 blockchain patents
Chinese multinational conglomerate and e-commerce specialist Alibaba is pushing on with its foray into blockchain implementation after applying for 262 blockchain patents.
With those patents in hand, Alibaba will integrate…