China’s economic reboot: Xi wants advanced technology to drive growth and lead West on AI and premium EVs
The presence of Alibaba founder Jack Ma at a meeting of entrepreneurs with Xi Jinping is seen as a sign that the Chinese leader means business
Alibaba
AI does not mean humanoid robots are coming
The technology will transform existing machines, such as cars, long before it allows the creation of androids
Advertising revenues set to hit $1tn in market dominated by technology companies
Omnicom and Interpublic in talks to merge in $30bn-plus deal to create the world’s largest advertising agency
Temu and Shein retail sites could be hit with EU import charges
Move would apply to any online retailer shipping to EU customers directly from outside the bloc
Hotter-than-expected inflation data sends US stocks lower
Iseq index outperforms its European peers, adding 0.75 per cent
Rocket Internet’s Oliver Samwer to earn €260m dividend payout
German billionaire in line for massive payday after consolidating control over European tech investment group
Alibaba names new chairman and CEO in surprise shake-up
Chinese ecommerce giant faces challenges from upstart rivals
Global shares rally as US inflation slows ahead of rate decision
Among the heavy hitters in Dublin, Paddy Power Betfair parent Flutter Entertainment finished the day up 2.9%
Denis Staunton: China maintains an uneasy relationship with its wealthy business class
Many business figures have had their wings clipped under Xi Jinping, as the policy of ‘common prosperity’ takes hold
Alibaba chief hails ‘tech watershed’ as group unveils ChatGPT challenger
Launch follows those of SenseTime and Baidu as Chinese companies race to catch up with US on artificial intelligence
Alibaba enters ChatGPT fray with AI smart speaker, office chat software
Large language model, dubbed Tongyi Qianwen, will be incorporated across all of Alibaba’s products and services in the ‘near future’
EU to unveil landmark legislation to tackle market power of Big Tech
Digital Markets Act now expected to target platforms with market cap of at least €75bn
The Irish Times view on the Beijing Olympics: managing the message
China has invested heavily in the winter games as a means of showcasing the supposed superiority of its political system
Jack Ma’s Ant Group implicated in corruption scandal by Chinese state media
Documentary on state broadcaster CCTV adds to pressure on billionaire’s internet empire
Alibaba fires employee who alleged colleague sexually assaulted her
Company accuses woman of spreading false information about its handling of case
SoftBank shares fall as value of portfolio companies plummet
As of Monday, firm trading at more than a 50% discount to its October 1st net asset value
European shares hit new high but Dublin and London lag
Luxury goods groups Richemont and LVMH among standout performers
European stocks down more than 1% this week
Apple, IAG and Rubis among the fallers as Chinese tech stocks make gains
Ocean ‘lover’ Barbie, a tulip bulb update and the Olympics in, er, 2036
Planet Business: A superstar stock-picker cools on Chinese tech
Rising Covid cases dampen hopes of recovery and leave investors wary
Dealers note a ‘lot of red on the screen’ as travel-related stocks in particular take a hit
European stocks drop after souring of global economic mood
Risk-averse day for investors sees miners, automakers and banks decline
Smurfit Kappa opens ecommerce packaging lab in UK
New lab will help customers develop innovative packaging solutions
Irish tech veteran Annrai O’Toole raises further $21m for his start-up
Utmost, a company with a HR-focused software solution, had already raised $11.2m
Stocktake: Josh Hawley’s investments are much ado about nothing
Investing in diversified index funds is different to owning individual stocks
Post-pandemic firms face stark choice: digitise or die
Digital leaders can envisage a marketplace that doesn’t yet exist, says expert
China orders Jack Ma’s Ant to revamp business
Ant will now be supervised more like a bank, a move with far-reaching implications for growth
Alibaba shrugs off $2.75bn antitrust fine as shares rally
The Chinese e-commerce giant sees no material impact from changes to ‘merchant exclusivity’
Stocktake: Doing business in China is getting tougher
Nike, H&M and Adidas among those whose shares fell after voicing forced labour concerns
Facebook to build submarine cables linking US and Indonesia
Construction of cables has become a flashpoint amid US-China tensions
Michael Healy-Rae is Dáil’s biggest landlord and declares NYT shares
One-quarter of TDs are property investors or landowners
Jack Ma vs Xi Jinping: the future of private business in China
Expectation is that Ant and Alibaba will survive but face tighter regulation
London shares rally as US stimulus and Brexit pact brighten sentiment
Other global markets also rise as investors grow more confident about 2021 outlook
Singles Day remains an unloved ploy for retailers in the West
Outside of China, few people pay any attention to the world’s biggest shopping event
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