Alibaba Group Holding

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China’s state-asset watchdog explores potential role of stablecoins, other digital assets

The State-owned Assets Supervision and Administration Commission (SASAC) in Shanghai said SOEs must “maintain a keen awareness of emerging technologies”…

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Hong Kong stocks head for weekly gain on earnings optimism; Wuxi AppTec rallies

Hong Kong stocks advanced on Friday, putting the city’s benchmark on track for a weekly gain on expectations for improved…

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China’s cloud services spending hits US$11.6 billion in first quarter on AI-related demand

Alibaba Group Holding’s cloud computing unit continued to lead the industry in the March quarter, with a commanding 33 per…

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Alibaba expert envisions AI agents transforming daily life in 5 years

Digital colleagues will be a part of everyday life in the next five years, according to an artificial intelligence (AI)…

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Alibaba’s open-source AI model shines as Qwen-based agentic framework tops global ranking

Jointly developed by open-source initiative Agentica and San Francisco-based start-up Together AI, DeepSWE was trained on the Qwen3-32B large language…

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Chinese digital yuan partner signs deal with Hong Kong firm to develop stablecoin tech

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with…

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Alibaba’s US$7 billion subsidy deepens China’s instant e-commerce war with JD.com, Meituan

Alibaba Group Holding’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over…

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China AI champion Baidu rolls out most sweeping changes to search platform in a decade

Beijing-based Baidu has now enlarged the mobile app’s search bar and turned it into a “smart box” that supports long…

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Alibaba unveils new AI model for image creation, as open-source approach gains recognition

Alibaba Group Holding has launched a new artificial intelligence (AI) model, Qwen VLo, said to be capable of generating and…

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Buyer linked to HSBC’s ‘taipan’ Wong puts down US$15.9 million for a Hong Kong luxury flat

A person connected to veteran HSBC banker Peter Wong Tung-shun bought a luxury unit in Hong Kong’s Southern district for…

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