Pictured here is Louis Vuitton’s new cruise ship-shaped store in Shanghai, China, on June 28, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — China’s economic slowdown isn’t discouraging U.S. and European brands from revamping their strategies to reach Chinese shoppers. Instead, the allure of the world’s second-largest consumer market is forcing companies to adapt…
Fresh off a $6.6 billion share sale that made it the world’s most valuable private company, OpenAI’s TikTok-style video app, powered by its new artificial intelligence model, Sora 2, is going viral. Despite the gated release that requires an invite code, the video creation tool has already shot to the number three spot on Apple‘s…
OpenAI CEO Sam Altman listens to questions at a Q&A following a tour of the OpenAI data center in Abilene, Texas, Sept. 23, 2025. Shelby Tauber | Reuters This week, OpenAI redefined what momentum — and risk — look like in the artificial intelligence arms race. Now comes the hard part: Executing on CEO Sam…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Many in business circles were hoping for a sweeping U.S.-China trade deal, but an agreement now looks even more elusive. The fate of TikTok in…
Alibaba‘s Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates. Shares of the company jumped over 6%, while its total gains year to date rose above 107%. The tech giant plans to…
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares rose on Wednesday after Chinese state media reported that the e-commerce giant secured a major customer for its artificial intelligence chips. China Unicom will deploy Alibaba’s AI accelerators from its semiconductor unit called…
Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. Sopa Images | Lightrocket | Getty Images Chinese tech giant Baidu saw its shares in Hong Kong soar as much as 12% on Wednesday as the company ramps up its artificial intelligence plans and partnerships. Shares in the Beijing-based firm,…
Robots are on display at the Robot Mall, world’s first embodied intelligence robot 4S store, on August 6, 2025 in Beijing, China. Beijing Youth Daily | Visual China Group | Getty Images BEIJING — As the race for household robots heats up, Chinese humanoid startup X Square Robot announced Monday it had secured around $100…
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Thursday, Feb. 6, 2025. Qilai Shen | Bloomberg | Getty Images Alibaba‘s Hong Kong listed shares surged more than 19% on Monday as the Chinese tech giant’s cloud computing unit drove strong quarterly results, while details emerged over its new AI chip development….
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant’s revenues came in under…
