Information The Caixin-Sinica Business Brief episode 240: More AI investment from Chinese firms, LVMH’s CEO begins a China tour, and the Alibaba restructuring

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On this week’s episode, Chinese entrepreneurs mobilize for an AI race with the U.S., food-delivery giant Meituan buys an AI startup for more than $200 million, and LVMH’s billionaire CEO kicks off his China tour to woo local consumers.

In addition, Kelsey Cheng explains the restructuring of Alibaba.