Co-branded credit card FinTech Cardless is entering the small business space. The move is designed to offer small- to medium-sized businesses (SMBs) financial products and rewards designed to improve their financial stability, the San Francisco-based company announced Thursday (Sept. 19). “Entering the SMB space allows...
Give someone a diamond, they have a diamond; give someone a machine that makes diamonds, they have diamonds for a lifetime. There is an old Jewish parable about an island where diamonds are so plentiful that they are worthless. Reality is beginning to look a...
Chinese tech giants are slashing prices on artificial intelligence (AI) models, and Silicon Valley is feeling the heat. The fierce competition, initially triggered by companies like Baidu in China, is reshaping the global AI landscape. As prices plummet, businesses worldwide could gain unprecedented access to...
China’s leading technology companies are swiftly incorporating artificial intelligence (AI) into their services, a move that’s transforming how millions interact, learn and work online. Integrating AI, particularly in social media, education and workplace tools, significantly shifts China’s digital economy. As Baidu, Tencent, ByteDance and Alibaba...
June 06, 2024
The B2B landscape finds itself on the cusp of a new, digital era. And with the news Thursday (June 6) that eCommerce platform Alibaba has launched a new B2B-focused marketplace solution, Alibaba Guaranteed, embracing the future of digital procurement is top of mind for buyers and suppliers across industries. That’s because while traditional B2B procurement […]
March 29, 2023
In an ambitious and far reaching move, China is signaling a new approach to Big Tech. And by extension, entrepreneurship and innovation will blossom. Split six ways, you might say...
November 11, 2022
Started by Chinese eCommerce giant Alibaba.com as a kind of Valentine’s Day for the unattached to buy gifts for themselves, the annual Nov. 11 Single’s Day phenom has since grown...
November 03, 2021
In the great supply chain snarl that has been a hallmark of recent months, as the holiday season looms, it has been the smaller suppliers that have been the most...
September 19, 2024
Co-branded credit card FinTech Cardless is entering the small business space. The move is designed to offer small- to medium-sized businesses (SMBs) financial products and rewards designed to improve their financial stability, the San Francisco-based company announced Thursday (Sept. 19). “Entering the SMB space allows us to tap into a growing market and address the […]
August 15, 2024
Alibaba’s Chinese commerce business has shrunk for the first time amid weak consumer spending. The Chinese conglomerate released earnings Thursday (Aug. 15) showing a 27% decline in profit, which dampened the hopes of...
August 05, 2024
Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. The round, which included participation by Tencent Holdings, lifted Moonshot’s valuation to $3.3 billion, Bloomberg News reported Monday (Aug....
August 02, 2024
The Alibaba International Digital Commerce Group plans to launch an artificial intelligence (AI)-powered “conversational sourcing engine” in September. This new tool will facilitate the global B2B sourcing process for small- to medium-sized...
