3 d. ago Ant Group’s LingGuang a hit as users create millions of flash apps with AI tool

LingGuang, an artificial intelligence vibe coding tool by Ant Group, has become a mini-app factory, helping users create 3.3 million flash apps in the two weeks since its launch, according to the Chinese fintech giant. Launched on November 18, LingGuang is a multimodal AI assistant that can generate simple apps in as little as 30 seconds in response to the users’ natural language prompts. Ant is an affiliate of Alibaba Group Holding, which owns the South China Morning Post. In the past two...

Events

8 d. ago Alibaba launches US$537 Quark AI glasses to challenge devices from Meta, Xiaomi

Alibaba Group Holding on Thursday launched its first artificial intelligence glasses in China, as the tech giant seeks to carve out a solid niche in the growing smart wearables market. The Quark AI Glasses, named after the company’s Quark AI assistant, include three versions each of the series’ flagship S1 model and the lightweight G1 model. Alibaba owns the South China Morning Post. “AI glasses are the intelligent devices that truly usher in a revolution in human-computer interaction in the AI...

Politics

8 d. ago Jack Ma Foundation pledges US$4 million for Hong Kong fire victims

The Jack Ma Foundation said on Thursday it would donate HK$30 million (US$3.9 million) to support families, firefighters and rescuers affected by a deadly fire at a housing estate in Hong Kong’s Tai Po district. In a statement, the foundation – established by the founder of Alibaba Group Holding and Ant Group – expressed solidarity with all those affected by the tragedy. Alibaba owns the South China Morning Post. The donation follows a further commitment of HK$20 million from Alibaba and HK$10...

Events

9 d. ago Alibaba to lead AI capital spending among Chinese firms amid strong demand

E-commerce giant Alibaba Group Holding expects to stay ahead of its Chinese Big Tech peers in artificial intelligence-related capital expenditure, as the firm’s AI and cloud computing unit posted its fourth consecutive quarter of double-digit revenue growth. Alibaba Cloud on Tuesday reported a 34 per cent year-on-year revenue growth to 39.8 billion yuan (US$5.6 billion) in the three months ended September 30, as the Hangzhou-based parent’s overall revenue in its financial second quarter reached...

Economics

1 week ago Alibaba posts 5% rise in quarterly revenue on AI, cloud momentum

Alibaba Group Holding, China’s e-commerce and cloud computing giant, on Tuesday reported a better-than-expected 5 per cent increase in revenue for the September quarter, as its cloud and artificial intelligence businesses continued to gain momentum. Total revenue for the Hangzhou-based company reached 247.8 billion yuan (US$34.8 billion) for its financial second quarter ended September 30, beating the consensus estimate of 245.2 billion yuan by Bloomberg-polled analysts. That was more than the 2...

Politics

1 week ago Alibaba’s Cainiao expands service in Africa as demand for China goods surges

Alibaba Group Holding’s logistics arm, Cainiao, has expanded its parcel delivery service to eight African countries – including Morocco, Ghana and Nigeria – as it races to give Chinese e-commerce merchants a cheaper, more reliable way to reach the fast-growing continent. The company planned to extend the service to South Africa and Egypt by the end of December, Cainiao said in a statement over the weekend. Alibaba owns the South China Morning Post. Cainiao said underdeveloped logistics...

Politics

1 week ago Alibaba’s Cainiao expands service in Africa as demand for Chinese goods surges

Alibaba Group Holding’s logistics arm, Cainiao, has expanded its parcel delivery service to eight African countries – including Morocco, Ghana and Nigeria – as it races to give Chinese e-commerce merchants a cheaper, more reliable way to reach the fast-growing continent. The company planned to extend the service to South Africa and Egypt by the end of December, Cainiao said in a statement over the weekend. Alibaba owns the South China Morning Post. Cainiao said underdeveloped logistics...

Politics

3 w. ago Ant Group joins China’s nuclear fusion funding surge as AI fuels energy demand

Investment in nuclear fusion power is heating up in China, with Ant Group placing a bet on the developing technology as energy becomes a new front in the US-China artificial intelligence race. Hefei-based Xeonova said on Monday it had raised hundreds of millions of yuan in a pre-A funding round led by Ant Group. Other investors include Hidden Hill Capital and Zijin Mining Group. Ant Group is an affiliate of Alibaba Group Holding, owner of the Post. Fusion, the process of combining two light...

Events