Alibaba boosting sales with offline discounts. One month after pampering online bargain hunters via the Singles Day shopping gala, e-commerce giant Alibaba Group is now providing customers with a wide array of offline discounts through its newly-formed local services entity.
Koubei, Alibaba's restaurant review and service app, and food delivery arm Ele.me are joining forces to halve prices on select menus across over two million merchants on Dec 12, a campaign coined by Alibaba five years ago to promote the use of mobile payment in dining, entertainment and other hospitalities.
China's core AI industry to exceed $145b by 2030: report. The value of China's core Artificial Intelligence (AI) industries could exceed 1 trillion yuan ($145.47 billion) by 2030, with that of AI-enabled industries more than 10 trillion yuan, a latest report by Bloomberg Intelligence (BI) said.
Telecom majors get 5G frequencies. The government has allocated specific low and medium-frequency bands to the nation's major three telecom carriers, China Mobile, China Unicom and China Telecom, as a key step to quicken the rollout of fifth-generation communication networks, and to further test on new digital applications.
Robotics company sees big sales in 2018. Ecovacs Robotics Co, China's largest in-home robotic products manufacturer by market share, announced on Wednesday its holiday sales season kick-off saw a big boost from online purchases on Black Friday and Double 11 — also known as Singles Day in China.
China's Tencent Music launches US IPO. Tencent Music Entertainment, a leading online music platform in China, filed for an initial public offering (IPO) of up to $1.23 billion with the US Securities and Exchange Commission on Monday.
