Tag: SCMP
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Alibaba Enhances Smart Glasses Market Through Partnership with RayNeo
Alibaba Group is expanding its presence in the AI hardware sector through a partnership with RayNeo, enhancing smart glasses with AI technology. Alibaba Cloud will provide customized AI models using its Qwen LLMs, marking a pioneering collaboration in China. The rise of generative AI is revitalizing interest in smart glasses, as demonstrated by other companies…
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E-Commerce Giants Embrace China’s New Trade-In Subsidy Program
E-commerce titans Alibaba and JD.com are swiftly engaging in China’s new subsidy program aimed at boosting consumer spending on home appliances. Following the government’s trade-in initiative, both companies launched their campaigns promoting rebates in various provinces, enhancing competition with emerging players in the market. Prominent Chinese e-commerce platforms, including JD.com and Alibaba, are rapidly seizing…
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E-Commerce Giants Embrace China’s New Trade-In Subsidy Program
E-commerce giants in China, including Alibaba and JD.com, are seizing new government subsidies aimed at boosting consumer spending by supporting home appliance purchases. They have launched multiple campaigns to engage shoppers as they compete against emerging rivals like Pinduoduo and Douyin, amid a backdrop of economic recovery initiatives. China’s leading e-commerce firms, including JD.com and…