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Alibaba Group Holding Ltd’s US$3bil (RM12.40bil) cloud services arm is fast becoming an important driver of its global expansion.
At a time when a slowing global economy is seen as a threat to Portugal's growth, the country is betting on a new artificial intelligence platform to help companies boost their exports.
Xiaomi Corp, the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least US$50bil (RM203.06bil), according to people familiar with the matter.
Chinese Internet heavyweight Tencent Holdings Ltd apologised for rewarding WeChat app users who sent a message with the English phrase "civil rights" with a screen full of fluttering US flags.
Exports of high-tech products will grow more quickly than exports of other goods over the next 15 years as emerging Asia moves away from being a low-cost production hub for foreign brands and toward developing value-added local products, according to research from HSBC.
When condom maker Durex wants to send an intimate message to customers in China, it uses a homegrown instant messaging platform called WeChat which has taken the country by storm in just three years.