Alibaba

China's Alibaba to invest $50 bn in AI, cloud computing

The gains have been boosted since the Hangzhou-based firm announced robust sales growth last week

Apple chooses Alibaba as AI partner in China: report

Apple has chosen Alibaba as its artificial intelligence (AI) partner in China, marking a strategic move to regain lost ground in the world’s largest smartphone market. Alibaba Group Chairman Joe Tsai confirmed the collaboration on Thursday at the World Governments Summit in Dubai, as per reports by The Information and Reuters.

Alibaba releases AI model it claims surpasses DeepSeek-V3

"Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit said

China's 'Singles Day' shopping spree in spotlight as spending flags

"Singles Day" -- launched by tech giant Alibaba in 2009 -- has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country's online shopping platforms.

Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims

Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation

Alibaba boosts share buy back as revenues miss estimates

Alibaba's net income was 10.7 billion yuan ($1.51 billion), a decrease of 77 percent

Alibaba unveils Tongyi Qianwen, an AI model similar to GPT

It will first be integrated into DingTalk, Alibaba's workplace messaging app and can be used to summarise meeting notes, write emails and draft business proposals. It will also be added to Tmall Genie, Alibaba's voice assistant

Alibaba joins global chatbot race

The announcement comes days after Chinese search giant Baidu said it would complete testing of its AI chatbot in March.

Daraz Group to reduce 11% of workforce

Daraz Bangladesh will also lay off dozens of employees as part of the plan of its mother organisation, Daraz Group

February 24, 2025
February 24, 2025

China's Alibaba to invest $50 bn in AI, cloud computing

The gains have been boosted since the Hangzhou-based firm announced robust sales growth last week

February 13, 2025
February 13, 2025

Apple chooses Alibaba as AI partner in China: report

Apple has chosen Alibaba as its artificial intelligence (AI) partner in China, marking a strategic move to regain lost ground in the world’s largest smartphone market. Alibaba Group Chairman Joe Tsai confirmed the collaboration on Thursday at the World Governments Summit in Dubai, as per reports by The Information and Reuters.

January 29, 2025
January 29, 2025

Alibaba releases AI model it claims surpasses DeepSeek-V3

"Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit said

November 11, 2024
November 11, 2024

China's 'Singles Day' shopping spree in spotlight as spending flags

"Singles Day" -- launched by tech giant Alibaba in 2009 -- has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country's online shopping platforms.

October 26, 2024
October 26, 2024

Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims

Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation

February 8, 2024
February 8, 2024

Alibaba boosts share buy back as revenues miss estimates

Alibaba's net income was 10.7 billion yuan ($1.51 billion), a decrease of 77 percent

April 11, 2023
April 11, 2023

Alibaba unveils Tongyi Qianwen, an AI model similar to GPT

It will first be integrated into DingTalk, Alibaba's workplace messaging app and can be used to summarise meeting notes, write emails and draft business proposals. It will also be added to Tmall Genie, Alibaba's voice assistant

February 9, 2023
February 9, 2023

Alibaba joins global chatbot race

The announcement comes days after Chinese search giant Baidu said it would complete testing of its AI chatbot in March.

February 7, 2023
February 7, 2023

Daraz Group to reduce 11% of workforce

Daraz Bangladesh will also lay off dozens of employees as part of the plan of its mother organisation, Daraz Group

November 12, 2022
November 12, 2022

Alibaba keeps Singles Day sales tally under wraps for first time

Chinese e-commerce giant Alibaba has not released full sales figures for its annual Singles Day event for the first time ever, as a cooling economy dampened demand.