Eddie Wu Yongming

New Business

Alibaba doubles down on ‘super-scale’ computing infrastructure plans as AI demand grows

Meeting the AI industry’s demand “requires super-scale infrastructure and full-stack technology accumulation”, Wu told the audience at Friday’s opening of…

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New Business

Alibaba expands instant commerce efforts with US$281 million Taobao convenience store push

Alibaba Group Holding on Friday unveiled a 2 billion yuan (US$281 million) investment as part of a programme that will…

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New Business

US, China leaders will avoid ‘race to the bottom’ on trade, Alibaba’s Joe Tsai says

Alibaba Group Holding chairman Joe Tsai has expressed optimism about US-China trade tensions. “I’m actually quite optimistic that we’re not…

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New Business

China’s lesson for the US: it takes more than chips to win the AI race

When Alibaba Group Holding’s CEO Eddie Wu Yongming took the stage at the company’s annual Apsara conference in Hangzhou on…

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Alibaba’s Amap hits record 360 million users as China’s National Day ‘golden week’ begins

Amap, Alibaba Group Holding’s answer to Google Maps, saw a record 360 million daily users on the first day of…

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Alibaba to boost AI spending as China tech giant sees AGI as new start

Alibaba Group Holding plans to increase its capital expenditures on artificial intelligence infrastructure from the original 380 billion yuan (US$53…

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New Business

Alibaba holds wide lead over rivals ByteDance, Huawei, Tencent in China’s AI cloud market

Alibaba Group Holding captured more than a third of China’s artificial intelligence cloud services market in the first half of…

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New Business

With new F1-style outfit, Alibaba shows effort to give China e-commerce sector a facelift

Alibaba Group Holding is rolling out a new outfit for its delivery workers that resembles the racing suit for Formula…

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New Business

Alibaba sees strong consumer mindshare reviving e-commerce momentum

E-commerce giant Alibaba Group Holding has won “consumer mindshare” amid its instant commerce push, according to company executives and analysts,…

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New Business

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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