Alibaba wakes up to competition from PDD and ByteDance, promising to ‘reignite’ growth as disappointing results send shares down 6%By Press Room8 February 2024 China’s Alibaba is pledging to inject new energy into its e-commerce department as it tries to hold off new e-commerce…
ByteDance’s CEO is mad at his employees for missing the AI wave. He’s the latest Chinese tech executive to fret about being too slow to adaptBy Press Room1 February 2024 China’s tech royalty is going through a bit of a shake-up. Upstarts like PDD Holdings, owner of Pinduoduo and Temu,…