Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Haier Smart Home Sees Profit Drop as Revenue Grows
Trending in China: Can You Stop People Giving ‘Too Much’ Money to Their Favorite Live-Streamers?
Trending in China: Concerns Over Traditional Chinese Comedy ‘Selling Out’ In the Digital Age
ByteDance Doubles Down On Education
Chinese Biotech Firm Gracell Nets $100m From Wellington, OrbiMed, Others
Alibaba’s Hometown Could Become First in China to Issue Facial Recognition Ban
Battery and Hybrid Cars Will Dominate China’s Roads in 15 Years
Trending in China: Do The Sins Of The Father Fall On Their Sons? Social Media Lambast Pop Star with ‘Deadbeat’ Dad
Chinese Electronics Panel Maker CSOT Reports Profit Growth as Demand Soars
Xiaomi Invests in Home Improvement Firm Amid Push into Internet of Things
TikTok Escalates Patent Fight With Triller Amid Sale Talks
Chinese Self-Heating Hot Pot Brand Zihaiguo Nets Over $50m in Series C Round Led by CICC
Xiaomi Leads India’s Smartphone Market with 26.1% Share
Trending in China: Are China’s Blue-Collar Wages Really Higher Than Graduate Salaries?
Trending in China: An End to Spam Calls? Real Estate Company to Give Money to Anyone Who Receives One
Trending in China: Patriotic War Film Overpowers Foreign-Made Feature, But Not Everyone Is Impressed
Shopify Partners with TikTok to Drive Online Sales
Lawson Tests Next Step of Convenience Store Evolution in China
PUBG Creator Krafton Hires Bankers for Possible Record IPO
Mobile Browser Crackdown Ensnares Big Names
Alibaba Unveils ‘Digital Factory’ as Part of Its ‘New Manufacturing’ Strategy

Ding Yi / Sep 17, 2020 06:38 PM / Business & Tech

Alibaba, which operates China’s biggest e-commerce platform, is trying to revolutionize China’s factories through “new manufacturing” introducing the concept of the “digital factory”. The new type of factory is specifically meant to help small- and medium-sized enterprises (SMEs) by improving efficiency and making production more flexible based on consumer demand.

The Hangzhou-based plant, named Xunxi Digital Factory, is powered by state-of-the-art technology including cloud computing, data analytics and the internet of things (IoT), and aims to provide SMEs with a production supply chain that can enable them to respond quickly to fast-changing trends and fulfill customers’ growing demand for personalized products, Alibaba said in a statement on Wednesday.

The digital factory has initially worked with apparel companies doing business on Alibaba’s Taobao and Tmall marketplaces, using big data to help brand owners design products catering to consumer preference and helping them keep production costs down.

“Data is the core of ‘new manufacturing’ and harnessing data insights is key to capturing new opportunities in the shift in consumer preference for personalized rather than mass-produced goods,” said Alain Wu, CEO of Alibaba-affiliated Xunxi Digital Technology Company, which runs the digital factory, in a statement.

In 2016, Alibaba founder Jack Ma put forward the concept of “new manufacturing”, which is part of the “five new” trends he bet on as key drivers of Alibaba’s future business growth. The others are “new retail”, “new technology”, “new finance” and “new energy”.

Contact reporter Ding Yi (

Related: Alibaba in Talks to Invest $3 Billion in Southeast Asian Ride-Hailing Firm Grab: Bloomberg


Share this article
Open WeChat and scan the QR code