July 2024 - ChineseWire

TuesdayJul 30, 2024 10:00 am

Alibaba’s Taobao Announces Free International Shipping to Boost Competitiveness

Tmall and Taobao, two of Alibaba Group Holding Ltd. (NYSE: BABA)’s largest online marketplaces in the Chinese market, is introducing free international shipping to increase its competitiveness. Alibaba Group Holding is especially interested in making Taobao and Tmall more competitive in the clothing segment where major players such as Temu and Shein reign supreme. The recent move is meant to boost business among clothing merchants on the two Alibaba platforms by eliminating international shipping costs and making it more affordable for them to sell clothing to customers in foreign markets. Competitors such as Shein and Temu have enjoyed significant market…

ThursdayJul 25, 2024 10:00 am

Crackdown on Password Sharing Bears Fruit as Netflix Registers Surging Revenues, New Subscribers

Video streaming services pioneer Netflix has seen its subscriber and earnings growth surge in the second quarter of 2024 amid a popular lineup of programs, forays into advertising and its controversial crackdown on password sharing among users. The recently released numbers show a company steadily gaining momentum after it lost a notable number of subscribers through the first two quarters of 2022 before pivoting its business strategy. Data shows that Netflix gained eight million subscribers between April 2024 to June 2024, representing a 37% year-over-year increase and marking the sixth consecutive quarter that the video streamer’s growth in subscribers exceeds…

TuesdayJul 23, 2024 10:00 am

Germany Mulls Banning Chinese Components from 5G Network

Germany is considering banning Chinese telecommunications companies from accessing its nascent 5G network. A recent statement from the German government revealed that the European economic giant will spend the next few years phasing out the use of parts developed by Chinese telecom companies ZTE and Huawei from its 5G network due to security concerns. This will mark the second time a major Western economy has turned an unfavorable eye toward Huawei after the Trump administration booted it out of the United States. This time, however, it seems another Chinese telecommunications company will also be caught in the crossfire. The move…

ThursdayJul 18, 2024 10:00 am

Alibaba Looks to Gen-AI to Support Overseas Merchants

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) is looking to leverage generative artificial intelligence (AI) tools to support merchants based in foreign countries. During the recent Reuters NEXT Conference held in Singapore, top officials from the company revealed that Alibaba will use generative AI to support its overseas merchants. The Chinese company's international e-commerce arm is one of the latest corporations that are integrating artificial intelligence into their operations to help streamline processes and reduce costs. While speaking at the Singapore-based event, Alibaba International Digital Commerce Group president and head of AI Initiative Kaifu Zhang said the company…

TuesdayJul 16, 2024 10:00 am

Using Dating Apps Excessively Could Trigger Burnout and Exhaustion

The integration of dating apps such as Tinder and Bumble into relationships and the dating world may be contributing to rising rates of burnout and exhaustion. Dating apps were first introduced as a tool to make meeting potential partners easier. They allowed people to interact with individuals outside of their usual circles and undoubtedly helped foster relationships between people who likely would never meet if they relied on recommendations from family and friends. However, their proliferation and use are increasingly being tied to burnout among people looking for partners. While many people met their current partners on dating applications, just…

ThursdayJul 11, 2024 10:00 am

How DePINS Could Disrupt the Global Telecoms Industry

A growing number of experts believe DePINs, or decentralized physical infrastructure networks, have the potential to disrupt the massive global telecoms industry. DePINs have attracted significant attention in the cryptocurrency industry in recent years due to their supposed ability to address several real-world challenges in energy and data. These networks are digital systems that spread their resources and data across multiple interconnected devices or nodes, unlike traditional digital systems that are more centralized in nature with one controlling point. Eschewing the typical centralized structure for a decentralized one boosts transparency, strengthens data protection, enhances efficiency, increases scalability and lowers costs.…

TuesdayJul 09, 2024 10:00 am

Alibaba Cloud to Close Data Center Operations in Australia, India

China-based Alibaba Group Holding Ltd. (NYSE: BABA) has announced that it is halting its data center operations in Australia and India as it focuses on expanding into southeast Asia and Mexico. The e-commerce company's cloud computing unit is poised to build new facilities in South Korea, the Philippines, Thailand, Malaysia and Mexico over the next three years as part of companywide efforts to increase infrastructure spending in different markets. The move to shut down its data center operations in India and Australia is part of Alibaba Cloud’s “infrastructure strategy update.” According to Alibaba Cloud, the company decided to halt operations…

TuesdayJul 02, 2024 10:00 am

Production Studios, Companies Combine to Push for Sustainability Within Unscripted TV

The entertainment industry's push to increase sustainability in unscripted television took a significant step forward after 30 production studios and companies lent their support to the cause. Reality of Change founder Cyle Zezo and Ellis Watamanuk, senior director at Rare’s Entertainment Lab, first launched the formal initiative to increase sustainability in unscripted TV two months ago and held the first committee meeting in late May. After spending weeks seeking support within the entertainment industry, nonprofit organization RARE and ecoentertainment company Reality of Change rounded up 30 production companies and studios to help build an advisory committee to begin coming up…

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Month: July 2024