Alibaba Group Holding

Tech

ByteDance-owned Douyin said to miss first-half e-commerce sales goal amid weak consumption

ByteDance-owned Douyin, the Chinese version of global hit short video platform TikTok, missed its target gross merchandise value (GMV) in…

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Tech

Chinese AI start-up Baichuan raises US$700 million from Alibaba, Tencent, Xiaomi

Baichuan AI, one of China’s four so-called artificial intelligence (AI) tigers, raised about 5 billion yuan (US$687.6 million) in a…

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New Business

Hong Kong IPO applications surge as many in China’s Silicon Valley keen -summit

Shenzhen, widely considered China’s Silicon Valley, is brimming with technology companies eager to list in Hong Kong, where a stock…

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Tech

Alibaba bets on generative AI tools to help cross-border merchants, executive says

Speaking on stage at the Reuters Next Conference in Singapore, Zhang – head of Alibaba International Digital Commerce’s AI initiative…

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Tech

PDD-owned Temu’s first-half sales surge to US$20 billion, exceeding 2023 total: report

International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to…

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Tech

China moves closer to launching flying taxi services as EHang seeks Beijing’s go-ahead

Hu said EHang is working closely with the CAAC to establish a new operating system for pilotless aerial vehicles, and…

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Tech

Shein, Temu face uncertain times in South Africa, EU, other markets amid high-tariff push

Some consumers in South Africa are looking to abandon popular low-cost online retailers Shein and Temu, according to recent social…

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Tech

Alibaba.com signs NBA legend Tony Parker as brand ambassador ahead of Paris Olympics

Alibaba.com, a cross-border business-to-business e-commerce platform owned by Alibaba Group Holding, has signed French-American basketball star Tony Parker as its…

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New Business

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Algorithm engineer Zhou Chang, who worked on the Tongyi Qianwen large language models (LLMs), has decided to leave Alibaba’s cloud…

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Tech

Maths test stumps AI models: which number is bigger, 9.90 or 9.11?

The wave of artificial intelligence (AI) chatbots allowed for public use in mainland China enables many users to create new…

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