Business

Alibaba posts loss, slower revenue amid lower consumption

Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment.

Hi Tech & Innovation

Startup unveils 'car of future' for $45,000

A Chinese startup unveiled its vision for the automobile of the future Sunday, promising to deliver an "intuitive and intelligent" car to global markets starting next year from around $45,000.