Eddie Wu Yongming

New Business

Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce

The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the…

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New Business

Alibaba CEO highlights AI advancement at China’s internet forum

The e-commerce giant is committed to laying the infrastructural groundwork and supporting systems for AI development in the country, Wu…

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Tech

Alibaba revenue edges up to US$33.5 billion but misses estimates in second quarter

Alibaba Group Holding saw revenue grow 4 per cent in the second quarter, missing estimates, as the e-commerce giant navigates…

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Tech

Alibaba to deploy AI-powered sourcing engine to boost online trade for global merchants

The international arm of Alibaba Group Holding is ramping up the use of generative artificial intelligence (AI) by deploying an…

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