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JD.com reports Q1 revenue up 7% YoY to ~$36B, above ~$35.8B est., and net income up 13.9% YoY to ~$984M, after ramping up shopping perks to attract customers
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2024-04-08
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Alibaba cuts prices for cloud customers by 23% on average across ~500 cloud product specifications in 13 regions, seeking to fend off rivals and revive growth
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Measurable AI: KeeTa, Meituan's sister app, accounts for a 37% share of Hong Kong's food delivery market, after debuting in May 2023; Foodpanda leads with 42%
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Alibaba's Youku airs My Chinese Chip, a new drama series in China telling the story of a startup building lasers for deep ultraviolet lithography machines
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