Foundational AI model market experiencing shakeout event: Macquarie
===============
#ca19d4cf ver:0.16
Chinese entrepreneurs are finding success by tapping into overseas markets and targeting new consumers, particularly in the United States. This trend is reflected in a recent report by UBS, which highlights artificial intelligence (AI) and cross-border e-commerce as bright spots for China's tech industry in 2024. According to the report, China's e-commerce platforms are expanding overseas to combat intense domestic competition. Companies like Shein and Temu are gaining traction worldwide, and their success in selling competitively-priced products in international markets could boost the valuations of Chinese internet firms. The import and export value of China's cross-border e-commerce industry reached 2.38 trillion yuan (US$333 billion) in 2023. In addition to cross-border e-commerce, AI ...
#newstr #Ai #Ecommerce #China #SouthAfrica #Dropshipping #AlphabetInc #Macquarie