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Alibaba to spin off its Banma autonomous driving business via an IPO on Hong Kong exchange

Alibaba Group Holding plans to spin off its Banma Network Technology unit, as one of China’s largest technology behemoths moves…

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Alibaba, Baidu lead China’s AI cloud boom as market surges 55% to US$2.7 billion

Baidu and Alibaba Group Holding led the market for public cloud services supporting artificial intelligence in China last year, as…

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China’s Hermitage Capital bets big on AI as it sees tech shaping the future

One of Asia’s top private equity funds is betting big on artificial intelligence and humanoid robots, envisioning a future where…

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Alibaba tops Meituan’s China on-demand delivery, fuelled by 1 million cups of tea daily

Orders on Alibaba’s instant commerce channel Taobao Shangou topped 100 million on Thursday, 20 million fewer than Meituan. After Meituan…

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China urged to curb excessive cash burn, not competition, to fight ‘neijuan’

With e-commerce platforms locked in fierce competition for China’s instant retail market, a prominent Chinese economist has called for government…

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Alibaba’s world-leading AI lab becomes a target for talent poaching by Chinese rivals

Top artificial intelligence talent at Alibaba Group Holding’s Tongyi Lab, developer of the widely used open-source Qwen models, has become…

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OpenAI’s GPT-5 draws mixed reviews in China amid heightened AI competition

OpenAI’s latest flagship artificial intelligence model, GPT-5, has drawn mixed reviews in China, where some critics expressed disappointment over the…

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Europe is expecting a wave of Chinese tourists. Should it thank Donald Trump?

Europe is basking in summer, with sunny skies, high temperatures – and a surge in Chinese tourists. Despite lingering challenges…

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How Alibaba and Meituan are fighting for customers, 1 free drink at a time

Shanghai delivery rider Xie Yu was halfway through his shift on Thursday when he realised he would end up with…

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Alibaba seeks to reclaim e-commerce dominance in China with cross-service loyalty scheme

Alibaba Group Holding is set to launch a new membership programme spanning a range of services from an online marketplace…

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