Browsing Tag
Alibaba
14 posts
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
Alibaba Names Crypto-Friendly Joseph Tsai as New Chairman
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
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
Alibaba profit down 75% in Q4 2021
Alibaba’s revenue was RMB242,580 million (US$38,066 million) in Q4 2021, an increase of 10% year-over-year that was primarily driven by the revenue growth of China commerce segment by 7% year-over-year to RMB172,226 million (US$27,026 million), cloud computing segment by 20% year-over-year to RMB19,539 million (US$3,066 million), local consumer services segment by 27% year-over-year to RMB12,141…
Alibaba First, Xiaomi Eighth in Ranking of Chinese Online Advertising Revenue
(Source: ShareThis) Your browser doesn’t support HTML5 audio Beijing-based Zhongguancun Interactive Marketing Lab, together with institutions including PricewaterhouseCoopers (PWC), on Thursday jointly released the 2021 China Internet Advertising Data Report. According to the report, in 2021, China’s internet industry benefited from the growth of domestic market demand, and the whole industry achieved advertising revenue of…