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Baidu's move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm's AI business expansion, analysts say - Vimarsana News

Baidu's move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm's AI business expansion, analysts say

Cancelling the YY Live acquisition is expected to help Baidu put more teeth into its artificial intelligence-centric business and product strategy.

Source: scmp.com
Alibaba, JD.com withhold Singles' Day sales tally for second year, but strike positive tone amid economic headwinds in China - Vimarsana News

Alibaba, JD.com withhold Singles' Day sales tally for second year, but strike positive tone amid economic headwinds in China

Two of China’s largest e-commerce platforms have reported growth in sales and order volume during the worlds’ largest shopping festival, but did not disclose exact sales numbers.

Source: scmp.com
Subway, Burger King compete in China's market expansion - Vimarsana News

Subway, Burger King compete in China's market expansion

ANN/CHINA DAILY – United States (US)-based fast food giant Subway set its sights on a significant expansion in the Chinese mainland with plans involving opening an additional 4,000 restaurants over the next two decades in the world’s second-largest economy, catering to the growing demand for submarine sandwiches among Chinese consumers. The expansion strategy gained momentum […]

CCP Using Xiaomi to Compete With Western Big Tech After US Sanctioned Huawei - Vimarsana News

CCP Using Xiaomi to Compete With Western Big Tech After US Sanctioned Huawei

Xiaomi, China's electronics giant, is being pushed to the forefront of the Chinese Communist Party's (CCP) global strategy. ...

Cultural sector eyes digital upgrade - Vimarsana News

Cultural sector eyes digital upgrade

China's push to bolster digitalization in the cultural industry demonstrates that cutting-edge technologies such as artificial intelligence, 5G and big data will lay a solid technological foundation for driving high-quality development of the sector and further unleash the nation's cultural consumption potential, industry experts said.