Behind the scenes of the rise of Chinese tech giants

The numbers are impressive to say the least. Last year, Alibaba and recorded record sales of $139 billion on Single Days, the world’s largest business event. For its part, TikTok, owned by ByteDance, is the most downloaded application and is ahead of WhatsApp, owned by Facebook. To better understand the meteoric rise of these … Read more

Alibaba: results and targets are not up to par

(AOF) – The Chinese Internet group, Alibaba, has unveiled lower than expected profits and disappointing forecasts. In the second quarter, which ended at the end of September, it recorded a net profit, group share, of 5.367 billion yuan (833 million dollars) against a profit of 3.38 billion yuan a year earlier. Excluding exceptional items, EPS … Read more

Exports of Chinese heaters to the European Union increase as winter approaches

Chinese makers of heaters, including electric blankets and electric heaters, have seen explosive growth in exports to Europe as the continent heads into winter and faces an energy crisis and rising natural gas prices, industry experts said. According to statistics from AliExpress, Alibaba Group’s business-to-customer or B2C site which sells consumer goods in overseas markets, … Read more

Alibaba takes a first step into the metaverse

To discover the news of FrenchTech, and the information not to be missed directly in your mailbox at 3 p.m. every day, click here Alibaba will invest 60 million dollars in Nreal, a startup specializing in augmented reality, the company announced on Wednesday, an initiative seen as a first step in the metaverse for the … Read more

They say no to Alibaba’s arrival at Liège Airport

A demonstration against the development of Liège Airport took place this Sunday. Processions started from Bierset, Chartreuse and Saint Lambert, before meeting in front of Guillemins station. Speeches, concerts and petitions were organized by the Stop Alibaba collective. Dozens of collectives were present this Sunday to call on the Walloon Government to put the development … Read more