Category: China

On Wednesday, Didi announced on its official WeChat account that it will conduct thorough technical risk assessments and upgrades to ensure service stability, striving to prevent future software breakdowns. (Photo: IC)
Estimated read time 3 min read
China Technology

Didi blames service disruption on software failure; Alibaba Cloud faces second outage in November

  • Post Date 11/29/2023

In a recent development, Didi Chuxing, often referred to as China’s Uber, has attributed the breakdown of its ride-hailing service in major cities like Beijing, [more…]

Nov. 28, 2023 - Alipay, the Chinese payment giant, intends to offload its 3.4% stake in the Indian food delivery giant Zomato for almost $400 million through block deals on Indian stock exchanges. (Photo: Fortune India)
Estimated read time 3 min read
China India Technology

Chinese payments giant seizes opportune timing for exit as Zomato shares surge over 90% this year

  • Post Date 11/28/2023

In a strategic move, Chinese payments group Alipay, a subsidiary of Ant Group, is set to sell its 3.4% stake in Indian food delivery giant [more…]

Nov. 16, 2023 - Alibaba unexpectedly abandoned its plan to spin off its cloud unit. The Chinese company attributed this surprising reversal to heightened U.S. controls on chip technology. (Photo: PYMNTS)
Estimated read time 3 min read
China Technology U.S.

Alibaba’s cloud unit makes a U-turn as stormy waters in the face of U.S. chip controls

  • Post Date 11/16/2023

In a surprising turn of events, Alibaba Group Holding has announced its decision to reverse plans for a full spinoff of its Cloud Intelligence Group. [more…]

Alibaba's cloud division currently provides services to 80% of technology companies in China and supports half of the nation's AI language model enterprises. (Photo: Alibaba | Data Center)
Estimated read time 3 min read
China Technology

Alibaba cloud now plays an integral part in powering China’s AI revolution

  • Post Date 10/31/2023

Alibaba Group Holding’s cloud computing unit is making significant strides in reshaping China’s technological landscape, particularly in the field of artificial intelligence (AI). Joe Tsai, [more…]

The YMTC memory chip, integrated into a solid-state drive, underscores the company's commitment to advancing its technology, even in the face of sanctions. (Photo: Handout)
Estimated read time 4 min read
China Technology

China semiconductor YMTC stuns the tech world with a revolutionary 3D NAND memory chip

  • Post Date 10/26/2023

In a remarkable and unexpected leap in technology, China’s Yangtze Memory Technologies Co (YMTC) has emerged as a pioneer in the global semiconductor industry by [more…]

This year, Zhipu secured over 2.5 billion Chinese yuan (equivalent to $341 million) in funding, with support from major players like Alibaba and Baidu. (Photo: Zhipu AI)
Estimated read time 2 min read
China Technology

Chinese tech giants Alibaba, Tencent, and others invest in Zhipu, China’s AI contender to OpenAI

  • Post Date 10/20/2023

Zhipu, a rising star in China’s artificial intelligence landscape, recently announced substantial financial backing from tech giants like Alibaba and Tencent, marking an investment of [more…]