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26.11.25 - 11:01
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Brazil′s Lucrative Logistics Market Poses Major Challenges for Chinese Firms, Regional Head says (Caixin)
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While the Brazilian market offers significant potential, it also poses challenges such as underdeveloped infrastructure and a complex regulatory and labor environment, the Brazil CEO of J&T Global Express Ltd. said.“After really understanding Brazil, you find that although there are many opportunities, it's not a market where a novice can just come in and dominate,” said Gui Linqun, who heads the logistics giant's operations in Latin America's largest economy.The allure of the Brazilian market is driven by rapidly rising e-commerce penetration, which is expected to reach a market scale of $78 billion in 2025, the highest in Latin America, according to eMarketer. This growth has attracted a wave of Chinese platforms. Fast-fashion platform Shein entered Brazil in 2019, followed by PDD Holdings Inc.'s Temu in June 2024. TikTok and Kwai joined the fray in late 2024 and early 2025, while Alibaba's AliExpress has been present for years.J&T, which launched in Brazil in May 2022, has become a key logisti...
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19.11.25 - 11:01
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Tech Brief (Nov. 19): PDD′s Revenue Growth Rebounds After Five-Quarter Slowdown (Caixin)
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Google releases next-generation Gemini 3 model
On Tuesday local time, Google launched its next-generation large model, Gemini 3, with enhanced capabilities in multimodal reasoning, code writing and content generation. Its pro version supports an ultra-long context input of 1 million tokens and an output of 64,000 tokens. Gemini 3 will be integrated into the Gemini app, Google's AI search products and its enterprise-level products. The model will be available to select subscribers starting Tuesday and will be rolled out more broadly in the coming weeks.
Xiaomi's EV and AI businesses post first quarterly profit
Xiaomi Corp. reported its first-ever quarterly profit from its electric vehicle (EV) and artificial intelligence (AI) businesses, marking a milestone in the tech giant's diversification strategy, though the achievement was overshadowed by the mounting pressure on its mainstay smartphone business. The company's EV, AI and other new initiatives segment posted an operating profit of 700 million yua...
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19.11.25 - 05:30
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Research: Citi Keeps Buy on PDD , Lifts TP to US$170 (AAStocks)
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Pinduoduo's (PDD.US) 3Q25 non-GAAP operating profit/ net profit were solid, beating Citi's and market's expectations by 3%/ 10%, and 21%/ 25% respectively, Citi's research report indicated. The management reiterated their commitment to building a long-term sustainable and healthy ecosystem through the "RMB10......
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