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05 Mar Alibaba tests generative AI tools for Taobao and Tmall merchants as new tech arms race heats up China’s e-commerce sector

Posted at 13:00h in Asia

The generative AI tools provided by Huiwa, operated by Alibaba subsidiary Hangzhou Lianfan Information Technology, enable merchants to create both text and graphics content. Alibaba owns the South China Morning Post.A merchant, for example, can input a brief description of a product, which prompts the...

05 Mar Nio reports wider loss, forecasts sharp fall in deliveries as price war in China’s EV sector escalates

Posted at 13:00h in Asia

The Shanghai-based carmaker expects to hand over 31,000 to 33,000 EVs to mainland Chinese customers between January and March, down 34.1 to 38.1 per cent from the fourth quarter of 2023.Nio published its delivery guidance on Tuesday after it reported a net loss of 5.37...

05 Mar The bear market for battery metals prices is far from over

Posted at 12:53h in Europe

The Albermarle Corp. lithium processing facility in Antofagasta, Chile, on Saturday, March 2, 2024.Bloomberg | Bloomberg | Getty ImagesGoldman Sachs finds it is too early to call an end to a battery raw materials price plunge, warning that significant supply pipelines and Western electric vehicle...

05 Mar China’s ‘two sessions’ 2024: did premier’s speech move the needle for foreign, private business?

Posted at 11:30h in Asia

Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in...

05 Mar Cryptocurrency: game-changing blockchain will need shrewd regulation to protect consumers, says Franklin Templeton boss

Posted at 11:15h in Asia

Blockchain is quickly shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds (ETFs), regulators will need to step up their game when it comes to consumer protection and oversight of the burgeoning industry, according to the president and chief executive of...

05 Mar China’s ‘two sessions’ 2024: Beijing should restore confidence in internet sector to propel growth, tech delegate says

Posted at 10:30h in Asia

02:40Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economyChinese Premier Li Qiang delivers his first work report amid concerns about state of the economyChina should formulate regulatory policies in a “scientific” manner, while ensuring consistency in implementation, Zhou...

05 Mar Tesla’s Berlin plant halts production after suspected arson attack

Posted at 09:42h in Europe

Tesla' logo is seen on the Tesla factory building in Berlin, Germany on February 22, 2024. In the southeastern outskirts of Berlin, within the Grunheide district, local residents are expressing opposition to the expansion plans of the first automobile factory of US electric car manufacturer,...

05 Mar China Vanke pledges to repay offshore debts due soon as it seeks calm amid liquidity crisis rumours

Posted at 09:30h in Asia

China Vanke, the country’s second-largest property developer, has pledged to repay its outstanding offshore debts that are coming due soon, as its shares and bonds tumbled amid rumours about liquidity distress.The company has prepared all the funds needed for the repayment of a US$630 million...

05 Mar Opinion | Why Japan’s Nikkei freak show should scare off Chinese investors

Posted at 09:30h in Asia

Japan’s GDP was about 60 per cent of the US’ in 1989 but is just 16 per cent now. Its population is shrinking, the number of marriages fell below 500,000 last year for the first time in 90 years and the median age is nearly...

05 Mar Hong Kong start-up hubs expand city’s collaboration with Saudi Arabia to forge closer ties a year after John Lee visit

Posted at 09:00h in Asia

The third annual Leap event is the first to feature a Hong Kong pavilion, where HKSTP and Cyberport had eight and seven companies exhibiting, respectively.Biotech and other health care-related technologies were a significant part of the pavilion, as this is an area together with green...

Author: admin