The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Alibaba Cloud said on Thursday it released the latest version of its large language model after more than 90,000 deployments by companies. Jingren Zhou, chief technology officer of Alibaba Cloud, said …
Photo of a person making a mobile payment. Ant International Chinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world. “What we found is that people want to use their home e-wallets when they travel abroad. So …
Google parent Alphabet still derives three-quarters of revenue from advertising, but cloud is growing faster and now represents almost 11% of company revenue. The segment, which contains corporate productivity applications, is also profitable. Google held 7.5% of the cloud infrastructure market in 2022, while Amazon and Microsoft together controlled around 62%, according to Gartner estimates. …
(Bloomberg) — Tencent Holdings Ltd. plans to more than double its stock buyback program to at least $12.8 billion in 2024, mollifying investors concerned about a gradual dissipation of growth during a Chinese economic downturn. Most Read from Bloomberg China’s largest internet company joins rivals from Alibaba Group Holding Ltd. to JD.com Inc. in ramping …
Scanning QR codes with a mobile pay app has become the most common way to pay in mainland China. Bloomberg | Bloomberg | Getty Images BEIJING — Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, the app operator said Friday. …
Customers are experiencing the newly launched iPhone 15 at Apple’s flagship store in Shanghai, China, on September 24, 2023. CostFoto | Nurphoto | Getty Images Major Chinese third-party retailers JD.com, TMall and Pinduoduo are battling for customers by offering more steep discounts on Apple’s iPhone 15 just five months after launch, as the U.S. tech company suffers …
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Alibaba’s cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as 55%, in a bid to …
The Oppo Air Glass 3 is a prototype set of augmented reality (AR) glasses with a voice assistant. Oppo BARCELONA – Oppo on Monday unveiled a prototype set of augmented reality (AR) glasses with a voice assistant, underscoring how electronics giants are trying to infuse artificial intelligence across their products to stand out. Oppo, a …
Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Markets positive Wall Street hit another record on Friday as …
Xreal Air 2 in action. Xreal’s augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screen Xreal BEIJING — Alibaba-backed augmented reality glasses company Xreal said Monday it received $60 million in new funding, giving the company a valuation of more than $1 billion. That …