# Digital%20Economy
Latest news and articles about Digital%20Economy
Total: 90 articles found
JD.com’s 618 Opening Salvo: Explosive Growth Masks a Fiercer Battle for the Chinese Wallet
JD.com's 618 shopping festival began with explosive growth, seeing a fivefold increase in turnover for top brands and a 62% surge in new merchant participation. The results signal a strategic pivot toward a broader merchant base and aggressive pricing to capture cautious Chinese consumers.
Hohhot’s New AI Exchange: A Milestone in China’s Sovereign Computing Ambitions
China has launched its first integrated green AI computing platform in Hohhot, Inner Mongolia, bridging the gap between raw hardware and commercial AI applications. The platform emphasizes domestic chip compatibility and a 'token-based' trading model to democratize access to high-performance computing.
Shanghai’s Soft Power Pivot: Engineering a Digital Content Renaissance
Shanghai is aggressively positioning itself as China’s premier hub for digital content creators through a combination of brand density and targeted government subsidies. By establishing dedicated industrial clusters and support policies, the city aims to turn the 'attention economy' into a core component of its urban soft power and economic resilience.
The Race to the Bottom: Xiaomi Slashes AI Prices by 99% as China’s Token War Escalates
Xiaomi has permanently cut its AI model API prices by up to 99%, joining a brutal price war among Chinese tech giants. This move aims to democratize AI access while leveraging Xiaomi's strong financial position to dominate the hardware-integrated AI ecosystem.
Kuaishou’s AI Gambit: Can the ‘Kling’ Model Rescue a Stagnating Short-Video Giant?
Kuaishou’s Q1 2026 earnings highlight a sharp 27% profit decline as the company aggressively spends on AI infrastructure, specifically its Kling video-generation model. Despite record user numbers, the platform faces stalling growth in live-streaming and fierce competition from Douyin and Bilibili, leading to rumors of a strategic spin-off for its AI division.
Hong Kong Ends Ride-Hailing Ambiguity with Strict New Licensing and $1.2 Million Platform Fees
Hong Kong is formalizing its ride-hailing market with a new licensing regime that caps vehicle numbers at 10,000 and imposes a HK$1.2 million annual platform fee. The move aims to resolve long-standing legal grey areas and mitigate tensions with the traditional taxi industry by August 2025.
Beijing’s Industrial AI Push: NDRC to Unlock State-Owned Data for National Champions
The NDRC is drafting new policies to accelerate the commercialization of AI by leveraging the resources of state-owned enterprises. The initiative focuses on opening high-value data sets, securing energy and computing resources, and creating industrial benchmarks for national integration.
From Hype to Harvest: Alibaba Signals the Arrival of AI Commercial Returns
Alibaba leadership has announced that its AI business is now delivering commercial returns, marking a transition toward AI and Cloud as its core growth drivers. This shift coincides with a surge in domestic AI adoption and a continuing global arms race in model iteration and specialized hardware.
Yunnan’s High-Tech Pivot: Transforming Mineral Wealth into a Frontier for China’s AI Supply Chain
Yunnan Province has launched a comprehensive industrial plan to transform its mineral resources into a high-tech manufacturing hub for semiconductors, AI servers, and electronic materials. The move aims to integrate the province into the global digital supply chain while serving as a tech gateway to Southeast Asia.
Beyond the Hugo Awards: Chengdu’s New AI Hub Aims to Industrialize Science Fiction
Chengdu is launching a specialized AI-driven sci-fi hub to transform its creative sector into a high-tech powerhouse. By partnering with global AI communities and offering significant financial incentives, the city aims to institutionalize its status as China's 'Sci-Fi Capital' through the use of generative AI and virtual production.
OpenAI’s Singapore Gambit: The Lion City Becomes the Hub for Applied Intelligence
OpenAI is investing over S$300 million to launch its first overseas Applied AI Laboratory in Singapore, creating 200 technical jobs. The move strengthens Singapore's position as a global technology hub and marks a significant international expansion for the US-based AI leader.
The Empire Strikes Back: Google Redefines Search for the Generative Era
Google has unveiled a comprehensive AI-driven overhaul of its core search engine and developer tools at the I/O conference. By introducing the high-speed Gemini 3.5 Flash model and proactive 'AI Agents,' the company is shifting its business model toward a subscription-based 'action' ecosystem to counter rising competition from OpenAI and Anthropic.