The Nasdaq-listed company, majority-owned by search giant Baidu, reported its first ever quarterly profit after cutting back spending on content and staff.
Ant Group, the fintech affiliate of Alibaba Group Holding, has granted billions of yuan in cash dividends to its shareholders for the first time since it brought in investors in 2015.
Top PC maker Lenovo reported record revenues and profits for its latest financial year, boosted by the global work-from-home trend, and despite domestic controversies over executive pay and past asset sales.
Chip maker Broadcom will buy cloud-computing company VMware for about US$61 billion, sealing one of the largest technology deals in history and advancing its quest to become a force in corporate software.
Alibaba reports slowest ever revenue growth for March quarter on the back of slowing economy amid pandemic lockdowns
E-commerce giant Alibaba reported a 9 per cent increase in revenue for the March quarter, the slowest pace on record amid lockdowns but cloud business turns full year profit for first time.
Shenzhen to give out electronics subsidies for Huawei, Oppo, Vivo products to boost economy in China’s southern tech hub
Consumers will be able to get back as much as 15 per cent on purchases of eligible electronics, with a preliminary list including thousands of Huawei listings but none for foreign brands.
New NFT platform from Visual China, the country’s top photo licensing site, targets overseas users on Ethereum
The platform called Vault by 500px uses the Ethereum blockchain to issue NFTs that can be bought using cryptocurrency, which is banned in mainland China.