'Pay any price.' Alibaba's Jack Ma urges reform as rival rattles e-commerce giant
By Michelle Toh and Laura He, CNN
Source: erienewsnow.com
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Jack Ma calls on Alibaba employees to embrace change in rare memo, as the e-commerce giant loses momentum to rival PDD
‘I firmly believe that Alibaba will change and adapt. All great companies are born in winter,’ the founder said.
Source: scmp.com
PDD Surges 14% After Hit App Temu Wrests Shoppers From Shein
(Bloomberg) -- PDD Holdings Inc. surged more than 14% after reporting a stronger-than-anticipated doubling in revenue, as hit shopping app Temu ramped up discounts and marketing to grab consumers from Shein and Amazon.com Inc.Most Read from BloombergBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresMusk’s Cybertruck Is Already a Production Nightmare for TeslaSingapore High Court Grants Injunction Against PM Lee’s BrotherIsrael and Hamas Trade Blame Amid Claims of Truce ViolationsAm
Source: yahoo.com
Pinduoduo ramps up investment in AI with job posts for LLM engineers
Pinduoduo posts job adverts for algorithm engineers as it ramps up interest in generative AI.
Source: scmp.com
China Bestsellers September: Author-Buddies Yu and Mo
Old friends: Ten of the books on China's September Top 30 in fiction had each been on the list more than 20 times in the past.
Source: publishingperspectives.com