China

In the USD 4.3 billion cloud infrastructure enterprise market in China, Baidu took an 8% share in the second quarter of this year, lagging far behind Alibaba at 40.1%.

Sales of new energy vehicles in China is expected to reach 20% of total car sales by the end of 2025, the state council says.

While ByteDance’s health business is still at an early stage, Alibaba and JD.com have already secured a firmer foothold in the sector.

A Biden administration could prompt a US-led coalition that heaps even more pressure on Chinese tech firms.

Alibaba joins JD.com and Tencent to become an investor in the London-based company.

SN and JD.com’s JDG had an “e-retailer derby” in the League of Legends tournament.

Yatsen has witnessed its sales increase 363.7% year-on-year or roughly 30 times the growth rate of the broader China beauty industry.

Fintech company brings credit to small businesses often shunned by banks.