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China subsidies give Alibaba, JD.com sales lift during 618 shopping festival Alibaba

China subsidies give Alibaba, JD.com sales lift during 618 shopping festival

Chinese e-commerce giants Alibaba Group Holding and JD.com reported record user participation and growing sales during the 618 shopping festival, as government subsidies and new artificial intelligence (AI) tools fuelled a surge in consumer activity. More than 453 brands each surpassed 100 million yuan (US$14 million) in gross merchandise value…
bubmag
June 19, 2025
SpaceX Starship blows up during routine launchpad test, the latest setback in Elon Musk’s quest to go interplanetary SpaceX

SpaceX Starship blows up during routine launchpad test, the latest setback in Elon Musk’s quest to go interplanetary

One of Elon Musk’s SpaceX Starships exploded during a routine test late Wednesday in Texas, law enforcement said, in the latest setback to the billionaire’s dream of turning humanity into an interplanetary species. The Starship 36 suffered “catastrophic failure and exploded” at the Starbase launch facility shortly after 11:00 pm…
bubmag
June 19, 2025