Chinese e‑commerce giant JD.com has launched its Joybuy online marketplace in the UK, Germany, France, the Netherlands, Belgium and Luxembourg, reports Reuters. The move sees the company stepping up its push beyond its home market and taking aim at market leader Amazon. JD.com wants to internationalize its business and last year agreed to buy German electronics retailer Ceconomy, owner […]
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Bubble tea producer Mixue is planning to build a theme park at its headquarters in Zhengzhou, the capital of central China’s Henan province, reports the South China Morning Post. The park will be based on its Snow King mascot, a singing snowman that has become one of Chinese retailing’s most recognisable intellectual properties (IPs), and offer […]
US fashion brand Guess has told customers it will close all its stores in mainland China by the end of March, reports the South China Morning Post. The move comes as analysts cite weak localization and strategy gaps. In late February, Guess informed customers via text messages that it would close all its online and offline […]
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Stacking the chips
China’s second biggest chip manufacturer, Hua Hong, has developed the capacity to produce AI chips, according to Reuters, which has cited unnamed sources. If this is the case, then Hua Hong will be only the second Chinese company to be able to do so, with the other being SMIC. Reuters says that Hua Hong is […]
People talk a lot about AI and the huge impact that it is going to have on all of our lives, and this week has suddenly seen one possible way in which that happens. The key word is OpenClaw, which is an AI agent which can control and coordinate all your apps, data, calendars, emails […]