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South China Morning Post - China Tech

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Website title: International Edition | South China Morning Post

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JD.com posts first quarterly loss in nearly four years as delivery battle takes toll
Chinese e-commerce giant JD.com reported a 2.7 billion yuan (US$392 million) loss in the fourth quarter and a halving of annual profit amid an ongoing food delivery battle it ignited last year. The fourth-quarter loss contrasted with a profit of 9.9 billion yuan a year earlier, marking the company’s first quarterly loss since the start of 2022, according to its earnings results ...

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Alibaba sets up new task force, led by CEO Eddie Wu, to focus on AI model development
Alibaba Group Holding is forming a dedicated internal task force headed by CEO Eddie Wu Yongming in a bid to funnel greater resources into its foundational AI model development efforts. On Thursday, Wu said in a letter to members of the company’s artificial intelligence research lab Tongyi that the task force would “jointly coordinate group-wide resources to accelerate foundatio...

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Alibaba recruits Google DeepMind contributor to join Qwen AI team, sources say
Alibaba Group Holding has recruited a research scientist from Google DeepMind to bolster development efforts for its Qwen artificial intelligence models, in an internal restructuring that has seen the departure of previous technical lead Lin Junyang. While no successor to Lin was announced, former Google senior staff research scientist Zhou Hao was joining Alibaba as head of pos...

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US investors drive record outlay in Taiwan’s equities market on the back of AI boom
The Taiwan Stock Exchange has become increasingly tied to American capital, as the global artificial intelligence boom drew a record amount of US investments into the island’s semiconductor-heavy equity market. US investors currently hold a record US$668 billion worth of Taiwan equities – about 23 per cent of the exchange’s total market capitalisation – after funnelling roughly ...

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Will Apple’s budget-priced iPhone 17e make a splash in China’s tough smartphone market?
The iPhone 17e, the entry-level addition to Apple’s latest iPhone 17 series, faces an uphill battle in China’s highly competitive smartphone market, according to analysts, as presales for the new handset start on Wednesday. The new budget-priced iPhone “lacks competitiveness”, said IDC China research manager Guo Tianxiang, who pointed out that the handset “still uses outdated mo...

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