Business
Alibaba mapping app steps into local business rankings, intensifying competition
Alibaba’s mapping app Amap is moving away from its traditional focus on navigation and encroaching into rival Meituan’s local-lifestyle…
Tag
Alibaba
Business
China’s AI chip boom fuels rallies in Cambricon, Alibaba shares
The mainland’s chip-focused gauge, better known as Star50, now trades at 57 times forward earnings, above its five-year average of 41 Chip…
Business
Alibaba dumps 151.3 million SingPost shares, slashing its stake to below 5%
This means the Chinese e-commerce giant is no longer a substantial shareholder of the national postal service provider Alibaba Investment,…
Business
Alibaba is No 1 for China traders ploughing HK$13.5 billion in stock
Renewed optimism over Alibaba Group Holding’s potential in artificial intelligence has turned the stock into Chinese investors’ favourite…
Business
Asia: Alibaba soars but markets dip
ESE ecommerce giant Alibaba boosted the Hang Seng on Monday, but other Asian markets mostly fell back after Wall Street retreated from…
Business
Alibaba shares soar most since 2022 after making headway in AI
Alibaba Group Holding’s stock leapt more than 18 per cent after reporting a surge in revenue from artificial intelligence (AI),…
Business
Chinese tech giant Alibaba aims to fill Nvidia void with its new AI chip
China’s Alibaba has developed a new chip that is more versatile than its older chips and is meant to serve a broader range of AI inference…
Business
Alibaba falls short of Q1 revenue estimates
It reported total revenue of 247.65 billion yuan in the first quarter ended June, compared with an estimate of 252.92 billion yuan China’s…
Business
Singapore-headquartered Mirxes to join Alibaba, Tencent on Hang Seng Composite Index
Home-grown biotech firm Mirxes will join the Hang Seng Composite Index on Sep 8, the startup announced on Saturday (Aug 23). The Hang Seng…
Business
Tencent’s AI restraint shows risk of Alibaba, JD food war
China’s biggest tech companies are bouncing back after years on the ropes with outsized ambitions to dominate in everything from robots…
Business
China’s tech giants Alibaba, Baidu, Tencent spook a generation of workers with job cuts
FOR years, a job at one of China’s technology behemoths was a golden ticket for the country’s ambitious youth. Now, a wave of downsizing…
Business
Alibaba to shut premium Hema X outlets after rivalry heats up
The move marks a strategic retreat from a model that failed to gain traction against Walmart’s Sam’s Club and Costco Wholesale Alibaba…
Business
Alibaba cloud visionary expects big shakeup after OpenAI hype
OpenAI’s ChatGPT started a revolution in artificial intelligence (AI) development and investment. Yet nine-tenths of the technology and…
Business
Alibaba launches open-source AI coding model, touted as its most advanced to date
The launch comes amid intensifying competition among Chinese technology companies in the global artificial intelligence development race…
Business
Alibaba to Baidu lead surge in equity-linked bond sales in Asia
Asian sales of bonds that can be turned into shares have soared in 2025, heading towards multi-year highs, as interest rates remain…
Business
Alibaba risks deepening US$100 billion rout as turf war heats up
A protracted battle in China’s food-delivery market has chopped US$100 billion in market value from Alibaba Group Holding, with no end in…
Business
Alibaba Cloud launches global AI innovation hub in Singapore, two data centres in Malaysia, Philippines
Alibaba’s cloud computing arm on Wednesday (Jul 2) launched a global artificial intelligence (AI) innovation hub in Singapore, which will…
Business
Alibaba offers 50 billion yuan of subsidies to defend turf in China
The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD Holdings Alibaba Group…
Business
Alibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Alibaba Group Holding will open…
Business
Alibaba movie unit’s pivot, rebrand bring US$2 billion value gain
DAMAI Entertainment Holdings, formerly Alibaba Pictures Group, is shifting its focus from movies production to faster-growing…
Culture
Alibaba, Tencent freeze AI tools during high-stakes China exam
China’s most popular artificial intelligence (AI) chatbots such as Alibaba’s Qwen have temporarily disabled functions including picture…
News
Alibaba chair says Asian firms can seek growth outside US
Alibaba Group Holding chairman Joe Tsai said Asian companies can look to inter-Asia opportunities and the European market for growth as…
Business
Taobao and Tmall Deepen Ties With Xiaohongshu Via Cross-platform Shopping Function
Taobao and Tmall, Alibaba‘s core e-commerce business, is joining forces with China‘s popular social commerce platform Xiaohongshu, or…
Business
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…