29 h. ago Apple’s iPhone and beauty products lead the charge in record

Alibaba Group Holding kicked off direct sales for its annual Singles’ Day shopping festival on Monday, with initial figures surpassing last year’s performance – a sign of strengthening domestic consumption during China’s biggest online retail event. Since direct sales began on Taobao and Tmall at 8pm on Monday, 80 brands had exceeded 100 million yuan (US$13.8 million) in sales within the first hour, while more than 30,000 brands doubled their takings from a year earlier, according to data...

Politics

4 d. ago Alibaba Cloud claims to slash Nvidia GPU use by 82% with new pooling system

Alibaba Group Holding has introduced a computing pooling solution that it said led to an 82 per cent cut in the number of Nvidia graphics processing units (GPUs) needed to serve its artificial intelligence models. The system, called Aegaeon, was beta tested in Alibaba Cloud’s model marketplace for more than three months, where it reduced the number of Nvidia H20 GPUs required to serve dozens of models of up to 72 billion parameters from 1,192 to 213, according to a research paper presented this...

Politics

5 d. ago Alibaba Stock Falls on Trump China Trade War, It May Be an AI Buying Opportunity

Alibaba Stock Falls on Trump China Trade War, It May Be an AI Buying Opportunity  Barron's

Politics

5 d. ago Alibaba confident AI tools will drive sales and empower Singles’ Day shoppers

Alibaba Group Holding is making tangible progress in applying artificial intelligence models into the search and recommendation engines of its e-commerce ecosystem, according to a senior executive, as the company kicked off its annual Singles’ Day promotion this week. At the campaign’s launch in Shanghai on Thursday, Alibaba vice-president Zhang Kaifu, who also serves as head of applications for the company’s e-commerce businesses, said the firm’s use of Qwen’s large language models (LLMs) had...

Economics

5 d. ago Alibaba, Ant buy Hong Kong offices, in city’s biggest deal since 2021

Alibaba Group Holding and Ant Group have agreed to pay HK$7.2 billion (US$925 million) to buy the top floors of a Causeway Bay office tower that Mandarin Oriental International is building on the site of The Excelsior hotel, marking Hong Kong’s largest real estate transactions since 2021. Alibaba and Ant bought 301,555 sq ft (28,015 square metres) of space, comprising the top 13 floors of the 24-storey building, with parking space for 50 vehicles and signage rights to the tower, according to...

Economics

6 d. ago Alibaba banks on AI to boost Singles’ Day sales on Taobao, Tmall

Alibaba Group Holding is taking advantage of artificial intelligence to turn its online marketplace into a “comprehensive consumption platform”, as the e-commerce giant regains momentum in an extremely competitive market. The company kicked off its annual Singles’ Day event – the world’s largest shopping festival – on Wednesday, riding on the back of strong growth in online shopping and on-demand delivery. Taobao and Tmall, Alibaba’s two domestic e-commerce platforms, are offering 50 billion...

Economics

7 d. ago Ant Group explores AI framework that is 10 times faster than Nvidia’s solution

Chinese fintech giant Ant Group has open-sourced an inference framework for a new type of artificial intelligence (AI) model that it said could make AI systems more efficient, rivalling and even surpassing the framework Nvidia currently uses. The Alibaba Group Holding affiliate said Monday that its framework, dInfer, was designed for diffusion language models – a newer class of models that generate outputs in parallel, unlike “autoregressive” systems used in large language models (LLMs) such as...

Politics

8 d. ago Alibaba & Baidu gain on Trump's China tone, Intel downgraded

Alibaba & Baidu gain on Trump's China tone, Intel downgraded  Yahoo Finance

Politics

8 d. ago US, China leaders will avoid ‘race to the bottom’: Alibaba’s Joe Tsai

Alibaba Group Holding chairman Joe Tsai has expressed optimism about US-China trade tensions. “I’m actually quite optimistic that we’re not going to devolve into kind of a race to the bottom”, he said during an interview with CNBC dated October 10 and published on Monday. “The two countries’ leaders have the wisdom to come to a point where they recognise that this is a hugely symbiotic relationship,” he added. Tsai, who owns the Brooklyn Nets basketball team, spoke on the sidelines of an NBA...

Politics

1 week ago 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 September 24, few people expected the media-shy executive to deliver anything shocking, especially since he read from prepared statements at last year’s event. Wu, however, immediately outlined a clear road map for Alibaba’s AI development, with a goal towards so-called artificial superintelligence (ASI) – when the firm’s Qwen open-source models and cloud services would...

Politics

1 week ago NBA marks return to China with Alibaba cloud and AI partnership

NBA marks return to China with Alibaba cloud and AI partnership  SportsPro

Politics

1 week ago Alibaba, Baidu, Other China Tech Stocks Fall. It’s an AI Problem.

Alibaba, Baidu, Other China Tech Stocks Fall. It’s an AI Problem.  Barron's

Politics

1 week ago Alibaba Stock, Baidu, Other China Tech Names Fall. It’s an AI Problem.

Alibaba Stock, Baidu, Other China Tech Names Fall. It’s an AI Problem.  Barron's

Politics

1 week ago NBA returns to China with Alibaba deal, preseason games in Macau | Daily Sabah

NBA returns to China with Alibaba deal, preseason games in Macau | Daily Sabah  Daily Sabah

Politics

1 week ago Alibaba’s Qwen lab sets up robotics team, showcasing its AI ambitions

Alibaba Group Holding has established a robotics artificial intelligence team at its Qwen laboratory, marking its entry into the AI-powered hardware industry as tech giants accelerate their development in the field, according to a researcher from the lab. “In case you don’t know, I set up a small team for robotics and embodied AI inside Qwen,” Lin Junyang, a tech leader at Qwen, said in a social media post on Wednesday, sparking speculation about Alibaba’s strategic initiatives in creating...

Politics

1 week ago NBA signs AI deal with Alibaba ahead of preseason games in China

NBA signs AI deal with Alibaba ahead of preseason games in China  Al Jazeera

Politics

2 w. ago HungryPanda steers clear of price wars, prioritises quality and service

HungryPanda, the overseas food delivery platform specialising in Chinese and Asian food, is closely watching the price wars in China between rivals like Meituan and Alibaba Group Holding, a company executive said. However, HungryPanda operated in markets with “less price sensitive” consumers who had “high spending power”, according to Kitty Liu, the company’s director of public affairs. This year, competition in China’s on-demand services market, long dominated by Meituan, has intensified with...

Events

2 w. ago Alibaba’s Amap AI feature an instant hit with 400 million users since launch

Alibaba Group Holding said the destination ranking feature in its Amap mapping service has racked up 400 million users since being launched last month, as the tech giant doubles down on efforts to challenge rival delivery platform Meituan in local services. Amap Street Stars, launched on September 10 to provide artificial intelligence-based rankings for restaurants, hotels and tourist attractions, has so far been used by 400 million users, nearly half of Amap’s monthly active users, Alibaba said...

Events

2 w. ago China Market Update: Hong Kong Growth Stocks Rally, Alibaba’s AI Handles 2.6B User Requests

China Market Update: Hong Kong Growth Stocks Rally, Alibaba’s AI Handles 2.6B User Requests  Forbes

Politics

2 w. ago Alibaba Stock Is on a Tear. Why China AI Excitement Is Building.

Alibaba Stock Is on a Tear. Why China AI Excitement Is Building.  Barron's

Politics