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SINGAPORE, Nov. 14 (Xinhua) : Alibaba Group's Southeast Asia flagship platform Lazada has made a new record for Singles' Day shopping festival once again, with more than 40 million users and 400,000 brands and sellers participating in the one-day sales event this year across the region.
That the Singles Day annual e-shopping festival has set records with Tmall reporting total sales revenue of 498.2 billion yuan ($75.26 billion) and JD of 271. 5 billion yuan indicates the Chinese economy is on the fast track to recovery on the back of rising consumption.
BANGLORE (The Straits Times/ANN): India's biggest online grocer BigBasket has suffered an alleged data breach that could have led to personal information of more than 20 million users being offered for sale on the Dark Web.
HUAWEI Technologies Co. sold its Honor smartphone business to a Chinese government-backed consortium for an undisclosed amount, hiving off the entry-level devices arm after the Trump administration cut off its access to American technology.
Governments around the world are taking major steps to clamp down on the anticompetitive practices of large technology companies. But the quest to rein in the power of these giants may have an unfortunate side effect for consumers: less free stuff.
A HIGH-PERFORMING Matthews Asia fund manager says China is in a "sweet spot” for investors, thanks to rising individual wealth in the nation.
WUZHEN, Zhejiang Province, Nov. 23 (Xinhua): The World Internet Conference - Internet Development Forum opened Monday in the river town of Wuzhen in east China's Zhejiang Province, highlighting digital empowerment for a better future.
China's increasing oversight of Internet platforms is both "timely and necessary", Alibaba Group CEO Daniel Zhang told the World Internet Conference on Nov 23.
In a letter read at the opening ceremony of the 7th World Internet Conference in Wuzhen, Chinese president Xi Jinping emphasised the importance of digital technology amid the pandemic. China is ready to work with other countries to build a shared cyberspace community and ‘create an even better future for mankind’, he says.