Alibaba is actively seeking merchant opinions on the introduction of China's second biggest mobile payment system, Tencent’s WeChat Pay, to the country's leading online shopping platforms, Taobao and Tmall. This groundbreaking deal marks a significant milestone in the Chinese e-commerce landscape.

The escalating antitrust investigation by the US Justice Department has issued a subpoena to Nvidia, a leading AI chip manufacturer. This step brings Nvidia a step closer to a formal complaint, potentially centered around the company's practices making it difficult for clients to switch suppliers.

Since Pan Gongsheng's appointment as the governor of the People's Bank of China in July 2023, the nation's central bank has orchestrated a minimum of three major financial adjustments.

Since his appointment as the governor of People's Bank of China in July 2023, Pan Gongsheng has overseen a minimum of three significant monetary reforms, marking a new era in the country's financial landscape.

Pinduoduo, the colossal e-commerce platform from China, has recently implemented strict measures to eliminate vendors dealing in substandard products. A top PDD executive expressed in a post-earnings call that they are prepared to compromise immediate gains for the sake of ensuring long-term vitality of the company.

In a recent financial review, an executive from Pinduoduo, China's e-commerce behemoth, confirmed their readiness to forgo immediate gains in favour of enduring success. This comes as they revise their regulations, aiming to eradicate sellers offering substandard products.

AGTech, backed by Alibaba, has now acquired Ant Bank Macao, positioning itself in the realm of financial services for tourists. Despite this change, Ant Group retains its position as the bank's second-largest shareholder, making the bank an indirect subsidiary of AGTech.

ByteDance, the parent company of TikTok, is set to enhance its international operations thanks to a staggering $9.5 billion loan from a bank. The firm's global e-commerce venture is currently in the 'input phase', focusing on constructing its ecosystem, as reported by analyst Li Chengdong.

Huawei is gearing up to steal the spotlight with its dual-hinged Mate XT smartphone, set to debut on September 10. This release strategically coincides with Apple's expected unveiling of the AI-enhanced iPhone 16, setting the stage for a gripping tech showdown.

In the first half of the year, Tesla has defied the slump, delivering 17% more electric vehicles from its Chinese factory, while its competitors Li Auto and Nio experienced a sales dip of 5.6% and 1.6% respectively. This occurred despite the larger government subsidies offered to buyers of Li Auto and Nio vehicles.

Shanghai is placing a significant wager on the live-streaming economy as a means to revitalise China's languid consumption. Aiming to generate a staggering US$85 billion in online sales by 2026, Shanghai's ambitious three-year blueprint is set to revolutionise the local sector.

Claiming its first victory, Huawei's offshoot, Honor, has outpaced Samsung to secure the leading position in the foldable smartphone market of Western Europe, the world's second-largest after China.