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The Meteoric Rise of Temu and Pinduoduo—and What Might Finally Slow Them Down

Zhang Xiaomeng, who lives in Beijing’s expensive central business district and runs her own design agency, had been putting off downloading Pinduoduo. Despite its popularity, she disliked how it gamified shopping, particularly...

China Tried to Keep Kids Off Social Media. Now the Elderly Are Hooked

Gao Xiangjin used to know all the names of players in the American baskeball leagues, but since relations between the US and China soured, once-daily NBA broadcasts are now far less frequent....

The AI Hype Train Has Stalled in China

Building his own large language model (LLM) is out of the realm of possibility for startup founders like Zhang Haiwei. He’d need hundreds of millions of dollars, and he’d be competing with...

Jack Ma Isn't Back

Just under three years ago, Alibaba founder Jack Ma quoted China’s leader, Xi Jinping, in a speech to a finance conference in Shanghai. “Success isn’t up to me,” Ma said, a phrase...

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