Alibaba Archives - Page 2 of 25

2024 Alibaba Global Mathematics Competition Commences, Open to AI for the First Time

The Alibaba Global Mathematics Competition, co-hosted by Alibaba Public Welfare and Damo Academy, is known for its no registration threshold and full of fun.

Startup Company MiniMax Completes Series B Funding, Doubling Its Valuation

Startup company MiniMax completes round B financing, led by Alibaba, with a doubled valuation in the new round.

Alibaba Is Developing An AI E-Commerce Product Called ‘Huiwa’

Alibaba has established an AI e-commerce team and is currently developing an AI e-commerce product called 'Huiwa' for merchants and influencers.

Alibaba Leads Funding for Large-Scale Model Startup MiniMax

The large-scale model startup project MiniMax is undergoing a new round of major financing, with Alibaba as the core lead investor.

Chairman of Alibaba’s Local Life Group, Yu Yongfu, to Step Down from His Management Role

Alibaba Group announced on March 1 that Yu Yongfu, Chairman of the Local Life Group and CEO of Ele.me, will step down from his management roles by the end of the current fiscal year.

Alibaba Has Developed An AI-Generated Video Model “EMO”

Alibaba recently launched a new AI image-audio-video model technology EMO, officially referred to as "an expressive audio-driven portrait video generation framework".

Ant Group Launches Multimodal Remote Sensing Model “SkySense”

SkySense can be used for terrain, crop observation, interpretation, and effectively assist agricultural production and management.

Alipay Expands Focus to Content and Social Networking, Recruits Talent from Competitors

Alipay has been strategically recruiting talent from platforms such as Douyin and Xiaohongshu since last year. The focus has been on roles in operations and advertising to bolster its content strategy.

Taobao Sets Up Live E-commerce Company

On February 20th, Taobao announced the establishment of a live e-commerce company to provide fully managed operational services for celebrities, KOLs, and MCN agencies entering Taobao to start live streaming.

CEO Jiang Fan Outlines Future Strategies as Alibaba International Exhibits Steady Growth Driven by AliExpress in December Quarter, 2023

On Feburary 7, Alibaba released its financial results for the quarter concluding on December 31, 2023. Alibaba's International Digital Commerce Group (AIDC) largely surpassed expectations, delivering an impressive performance with a 44% year-on-year increase in revenue, and an overall orders growing by 24% year-on-year.

Alibaba Will Gradually Withdraw from Traditional Brick-and-Mortar Retail Industry

Alibaba is considering exiting non-core traditional brick-and-mortar retail businesses. However, given the current market conditions, it may take time to realize this exit.

Alibaba Considers Selling Intime Retail in Strategic Shift

Alibaba Group is reportedly contemplating the sale of its retail subsidiary, Intime Retail, as part of a broader strategic reassessment.

Alibaba Cloud Launches New AI and Big Data Products, Establishes Damo Academy in Shanghai

Alibaba Cloud unveiled a suite of AI and big data products for international markets at a recent summit in Singapore, aiming to accelerate global AI-driven digital transformation.

Alibaba Confirms Major Share Accumulation by Jack Ma and Blue Pool Fund, Stock Soars

Alibaba has been one of the Chinese internet companies that has been most aggressively repurchasing its shares in the past year.

ByteDance in Talks to Acquire Ele.me, Acquisition Denied by Ele.me

ByteDance is reportedly negotiating to acquire Alibaba's food delivery platform Ele.me. Ele.me denied the "rumor" on Monday.

Alibaba’s Logistics Arm Cainiao Launches Parcel Forwarding Services in the US

Cainiao, Alibaba's logistics service, announced today its formal entry into the United States parcel forwarding market, providing e-commerce parcel consolidation services for Chinese communities and student groups across the US.

Alibaba CEO Eddie Wu Announced Major Organizational Restructuring at Taobao&Tmall Group

On December 22, two days after assuming the role of CEO of Taobao and Tmall Group, Eddie Wu announced a major organizational restructuring of the Group.

Alibaba Sells Part of Xpeng Stake, Reducing Shareholding to 7.5%

Alibaba Group announced on December 15th that it has sold a portion of its stake in Xpeng Motors, reducing its shareholding from 10.2% to 7.5%.

Alibaba Invests $634 Million in Lazada

Southeast Asian e-commerce giant Lazada has received an additional investment of $634 million from its parent company, Alibaba Group.

Richard Liu: JD.com’s Organization Is Bloated and Inefficient, It Must Change

On December 9th, Richard Liu, the founder and chairman of JD.com, replied to employee comments on the company's internal network, stating that JD.com must change or there will be no way out.

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