Eddie Wu Yongming

New Business

Alibaba, Standard Chartered partner to accelerate AI adoption in banking sector

The two companies signed a memorandum of understanding that would see Standard Chartered leverage solutions from Alibaba Cloud – the…

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New Business

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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New Business

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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New Business

Alibaba touts AI model as better than DeepSeek, OpenAI products, driving stock surge

Following the launch of its QwQ-32B model, Alibaba’s Hong Kong-listed shares surged 7.2 per cent to HK$139.30 in Thursday morning…

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New Business

Alibaba investors hail e-commerce giant’s AI pivot as it plots major investment outlay

Alibaba’s Hong Kong-listed shares surged 15 per cent to close at HK$138.50 on Friday, following an 8 per cent gain…

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New Business

Alibaba named most admired Chinese internet firm by Fortune amid race with DeepSeek

Alibaba Group Holding has been named the world’s most admired Chinese internet and retail company, according to the latest rankings…

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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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