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JD.com invests US$800mil in last-mile delivery service to fill a gap in its community group buying strategy
JD.com founder Richard Liu has created a community group buying unit to compete in what has become a key battlefield for China’s Internet giants. The rapid growth of community group buying has seen it come under intense government scrutiny as Beijing attempts to rein in the influence of Big Tech.
Tighter regulations, billions in lost overseas share value and government pledges to get even tougher – Chinese tech giants are reeling under what looks like a sustained Big Brother assault on innovation and enterprise.
Robbery took place at Shek Wai Kok Estate in Tsuen Wan on Monday evening, with one boy allegedly stealing the phone and the others acting as lookouts. Police arrested the five boys on Tuesday night and recovered the stolen phone from a shop.
Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of ‘deepfake’ technologies on their content platforms, stepping up scrutiny of the sector.
Baidu Apollo’s robotaxi fleet in Cangzhou was rolled out last August and has so far accumulated 524,696 kilometres of test mileage. The granting of the licence comes ahead of Baidu’s secondary listing in Hong Kong, slated for later this month, which could raise US$3.6bil for the company.
The standout Chinese startup ByteDance Ltd has begun hiring employees for a possible push into semiconductors, exploring an expansion well beyond the hit video app TikTok for which it is best known.
US tech firm in 2019 said its Sycamore processor did a task in three minutes and 20 seconds that would take a classical supercomputer 10,000 years. Researchers in Beijing say they took a different approach that saw 60 graphics processors complete the job ‘in about five days’.
The Chinese government wants Alibaba Group Holding Ltd to sell some of its media assets, including the South China Morning Post, because of growing concerns about the technology giant’s influence over public opinion in the country, according to a person familiar with the matter.
Facebook Watch is to expand Paid Online Events into 24 markets, including Hong Kong, in the coming weeks following an exponential growth in viewership amid the Covid-19 pandemic in 2020.
A driver employed by China’s largest ride-hailing firm, Didi Chuxing, killed a passenger by ramming his car into the man after a quarrel, the firm said in a post on social media on Monday.