Bulk containers used to transport vegetable oil in China must be for food use only and clearly labelled as such from February, according to new national regulations introduced in response to a cooking oil scandal earlier this year. Under hygiene standards released last month by the State Administration for Market Regulation, cooking oil cannot be … Read more
Chinese chip-packaging and testing giant Jiangsu Changjiang Electronics Tech (JCET) has completed its acquisition of an 80 per cent equity stake in the Shanghai plant of US flash memory maker SanDisk, the latest example of a transition in the global semiconductor value chain. JCET Management, a subsidiary of JCET, obtained that stake through a joint … Read more
“Alibaba may gradually become more attractive to some long-only funds because it is, after all, the largest e-commerce stock in China,” said Shawn Yang, senior analyst at Arete Research. “The expectations of macro improvement may be passed on to these consumer stocks. Alibaba is the largest among them, and its situation is improving.” Alibaba, owner … Read more
Alibaba Group Holding founder Jack Ma on Tuesday called on employees of the business empire he created in Hangzhou 25 years ago to “believe in the future” and “believe in the market”, as the e-commerce giant faces fierce competition on multiple fronts. According to his letter published on Alibaba’s internal website on Tuesday, marking the … Read more
“If the content is AI-generated, it must be labelled,” WeChat said on Wednesday via its content-security account, Shanhu – the Chinese word for “coral”. The super app, marketed as Weixin on the mainland, will help identify AI-generated content (AIGC) on the platform by displaying the relevant tag at the bottom of a published post. WeChat … Read more
The Beijing High People’s Court on Friday ruled that Alibaba, owner of the South China Morning Post, “abused its market dominance” and conducted the monopolistic tactic known as “ picking one from two”, which caused damage to JD.com’s business, according to a statement released on the same day by the Beijing-based online retailer. JD.com hailed … Read more
