JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent,… Read More
Enlarge / A website for a Chinese "Internet Navy" offering search engine optimization and other marketing services. These types of operations are being targeted by Chinese authorities for "illegal Internet speculation." (credit: Sina News) While Facebook and Twitter have been fighting the scourge of organized efforts to use social media to misinform and use their platforms as part of "influence campaigns," China is battling its own Internet troll and "fake news" problem, according to a report from Liu Yi Zhan of China's Xinhua News Agency. But while Facebook and Twitter can only ban accounts, Chinese officials can throw those who participate in "illegal Internet speculation" in jail. Since last May, more than 200 people in China have been arrested, and thousands of others have found the
The AI boom offers Chinese chipmakers a chance to catch up after years of lagging behind.