Financial technology giant Ant Group said it is developing technology related to large language models (LLMs), while e-commerce conglomerate JD.com said it will launch its own model next month, as Chinese Big Tech companies race to stake out market share amid explosive interest around generative artificial intelligence (AI). An Ant spokesman confirmed on Wednesday that…
Chinese e-commerce giant JD.com is doubling down on its new low-price strategy to tap lower-tier markets amid intensified competition in the country, according to the company. The online shopping platform has been targeting smaller merchants by allowing these “million vendors” to open stores on its platform, Wang Xiong, an executive in charge of the firm’s…
About two dozen Chinese taste-makers gathered on a recent spring evening in Shanghai for an exclusive showcase hosted by online luxury retailer Mytheresa.com GmbH. In a red-brick colonial building near the historic Bund district, they wined and dined with stylists and executives as four up-and-coming Chinese designers spoke about the inspiration behind the hand-embroidered dresses…