Browsing Tag
Alibaba
16 posts
Alibaba Cloud struggles after blaze at Digital Realty Singapore datacenter
At least a portion of Chinese web giant Alibaba's online services have been disrupted by a fire at a Singapore datacenter following what's said to be an Li-ion battery explosion. Singapore media reports the blaze started Tuesday morning, local time, in the battery room of one of the datacenter's buildings. A spokesperson for Digital Realty
Alibaba Shutting Down Data Centres in Australia, India as Sovereignty Issue Sharpens
Alibaba Group’s Hangzhou headquarters Alibaba will cease operations at its data centres in Australia and India, with the Chinese e-commerce titan’s cloud arm saying it plans to shift investment to facilities in Southeast Asia and Mexico. The data centre locations in Mumbai will shut down on 15 July and the Sydney facilities will close on
Alibaba joins Silicon Valley peers like Microsoft in placing big bets on generative AI
Alibaba Group Holding Ltd. is leading a financing round of at least $600 million for Chinese AI startup MiniMax, spearheading its second major deal in the space this year as it unleashes capital in pursuit of growth. The two-year-old firm has secured funds from Alibaba and other investors at a valuation of more than $2.5
Alibaba executive clarifies rumors about potential sale of Ele.me: report
Ele.me CEO Yu Yongfu told all employees that Douyin’s acquisition of the food delivery participant was “fake” in an internal forum, as the market rumor caused large-scale discussion on the TikTok sister app’s further involvement in the local services sector. “You may feel that my clarification is the most authoritative, so let me respond positively
Alibaba on the ‘continued desire’ for European brands in China: ‘Consumers are willing to pay for quality and provenance’
As the world’s second-most populated country with numbers exceeding 1.4bn, China represents an enormous market. Alibaba – the country’s largest online commerce company – hosts millions of merchants and businesses to serve over 1.3 billion consumers globally.Via Alibaba’s Tmall Global, a business-to-consumer online retail platform, the company offers the opportunity for international brands and products
Alibaba Cloud Releases Open-source Qwen-VL, A Large Vision Language Model
On August 25th, Alibaba Cloud launched two open-source large vision language models (LVLM), Qwen-VL and its conversationally fine-tuned Qwen-VL-Chat. Qwen-VL is the multimodal version of Qwen-7B, Alibaba Cloud’s 7-billion-parameter model of its large language model Tongyi Qianwen. Capable of understanding both image inputs and text prompts in English and Chinese, Qwen-VL can perform various tasks
Image Source: CNBCAlibaba has revealed its leadership transition plans, with the pro-crypto Joseph Tsai set to replace long-time chief Daniel Zhang as the new Chairman.In a Tuesday press release, the company also said that Eddie Wu, now chairman of Alibaba’s core Taobao and Tmall online commerce divisions, will take over as chief executive of the $240
Alibaba Confirms IPO Plan for Cainiao Logistics Arm as Restructuring Moves Ahead
Cainiao is getting all its robots in a row for a planned IPO Alibaba has confirmed plans to pursue an initial public offering for its Cainiao logistics unit as the Chinese e-commerce group pushes forward with a restructuring plan announced in March. Alibaba, which owns 67 percent of the equity in Cainiao Smart Logistics, said
Founder of Alibaba Group, Jack Ma Returns to China
On March 27th, Jack Ma, founder of Alibaba Group, has returned to China, at least according to a video posted in which the business icon along the Wenyi Road Tunnel, Hangzhou. In the video, Jack Ma was riding in a Toyota Kauste and occasionally talking with people around him. In this regard, STAR Market Daily
Alibaba to shorten presale period of this year’s Double 11 festival
CIW / Retail & E-commerce / Alibaba to shorten presale period of this year’s Double 11 festival October 13, 2022 By CIW Team This year, Alibaba’s Tmall Double 11 pre-sale will start at 8:00 p.m. on October 24. Compared with the pre-sale started on October 20 or 21 in previous years, the pre-sale time of