Multiple apps of Alibaba have been connected to wechat payment

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

Runjian Signs US$200 Million Overseas AI Inference Contract, Keeping Computing Resources in China

Runjian（润建股份）disclosed on October 18 that its wholly owned subsidiary Wuxiang Yungu（五象云谷）had signed a one-year AI token services contract with an unidentified overseas company. The agreement includes a US$200 million minimum annual purchase commitment, equivalent to approximately CNY 1.338 billion, with computing resources hosted in China and services accessed remotely through an API.

China Proposes Export Restrictions on 23 AI Technologies, Keeps API Services Outside Large-Model Transfer Rules

China’s Ministry of Commerce and Ministry of Science and Technology published proposed additions to the country’s technology-export catalogue on October 16, covering 23 AI technologies. Accompanying guidance distinguishes transfers of restricted technology from services such as overseas API access, while a temporary registration requirement has already taken effect.

Accenture Explores China Business Sale for Up to US$1.5 Billion, FT Reports

Accenture（埃森哲）is exploring a sale of its Chinese operations for up to US$1.5 billion, the Financial Times reported on October 18, citing people familiar with the matter. The potential transaction remains under review, with no buyer, agreed price or completion timetable announced.

Meituan and Ele.me Lose Lawsuits Due to Unfair Competition, Catering Businesses Benefit

On April 14, the Huaian People's Court of Jiangsu Province made a judgment that Beijing Sankuai Technology Co., Ltd. (Meituan) should compensate CNY 352,000 to Shanghai Lazasi Information Technology Co., Ltd. (Ele.me). Meanwhile, Ele.me was also ordered to pay fines to Meituan for the same reason.