Insights

The Grab rival is deepening its focus on the domestic market with new services and AI investment.

The subscription test comes as ByteDance expands in MaaS and AI shopping.

South Korea and Vietnam expect capital inflows, while Indonesia fails to meet the criteria.

Alibaba’s integration of Qwen and Taobao shows why data may become the moat for shopping in the AI era.

The Chinese tech giant is absorbing AI’s cash burn as it prioritizes deployment over monetization.

Investors now have a clearer commercialization story, while Taobao Shangou shifts from subsidies to unit economics.

Even with revenue growth, investors will likely demand proof of scalable deployment and cash generation.

Xiaohongshu is elevating AI across its organization while trying to protect the community that made it valuable.