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Alibaba

China’s Zhipu AI joins 15 tech firms including Google, Microsoft in committing to develop tech safely at Seoul summit

by Walter Watson
China’s Zhipu AI joins 15 tech firms including Google, Microsoft in committing to develop tech safely at Seoul summit

Sixteen companies at the forefront of developing artificial intelligence pledged on Tuesday at a global meeting to develop the technology safely at a time when regulators are scrambling to keep …

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China’s e-commerce market still has ‘ample room’ for growth despite slowdown in retail sales, JPMorgan analyst says

by Anas Siddiqui
China’s e-commerce market still has ‘ample room’ for growth despite slowdown in retail sales, JPMorgan analyst says

China’s e-commerce market has the potential to further expand in the next few years amid improved penetration by internet platform operators into key sectors, despite a slowdown in retail sales, …

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Alibaba’s Hong Kong primary listing plan can open the doors to China’s 210 million investors

by Anas Siddiqui
Alibaba’s Hong Kong primary listing plan can open the doors to China’s 210 million investors

“The main reason for us to proceed with the dual primary listing is because we want to tap into the southbound capital flows through the Stock Connect programme,” said Joe …

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revenue exceeds expectations in Q4 with strong sales of low-cost products

by David Johnson
revenue exceeds expectations in Q4 with strong sales of low-cost products

By Reuters Translated by Roberta HERRERA Published May 14, 2024 Chinese conglomerate Alibaba Holding reported a 7% increase in fourth-quarter revenue, surpassing expectations, driven by the growth in low-cost product …

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South Korea signs agreement with AliExpress, Temu on product safety

by David Johnson
South Korea signs agreement with AliExpress, Temu on product safety

By Reuters Published May 14, 2024 South Korea’s government signed an agreement on Monday with Alibaba’s AliExpress and PDD Holdings’ Temu to promote product safety, the Korea Fair Trade Commission …

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Chinese e-commerce giants face delicate balance between discounts, profit

by David Johnson
Chinese e-commerce giants face delicate balance between discounts, profit

By Reuters Published May 14, 2024 Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be closely watched as barometers for the mood of consumers in …

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Adapter Dongles Add Another Headache To The EV Charging Mix

by Horatio Thompson
Adapter Dongles Add Another Headache To The EV Charging Mix

The future of EV charging hinges on the Supercharger network department at Tesla. Unfortunately that entire department was fired in sweeping layoffs from company CEO Elon Musk last week. The …

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Alibaba opens new global headquarters in Hangzhou, China on annual family day

by Anas Siddiqui
Alibaba opens new global headquarters in Hangzhou, China on annual family day

The new complex, comprising seven buildings spanning nearly 1 million square metres (10.7 million square feet) of floor area, has enough office space to accommodate 30,000 employees, according to local …

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Alibaba says its Tongyi Qianwen AI models are used by over 90,000 corporate clients in China

by Anas Siddiqui
Alibaba says its Tongyi Qianwen AI models are used by over 90,000 corporate clients in China

Alibaba Group Holding said its self-developed large language models (LLMs) have been adopted by more than 90,000 corporate clients, as the Chinese tech giant competes against rivals to draw users …

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Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com

by Anas Siddiqui
Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com

Alibaba Group Holding is expanding its business foothold in Mongolia, as the Chinese e-commerce giant’s wholesale marketplace 1688.com joins forces with local technology group Intelmind to launch a new platform. …

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