Alibaba
- Business
Chinese giant Alibaba plans to invest $1.1 billion in S. Korea
Seoul: China’s Alibaba Group plans to invest $1.1 billion in South Korea over the next three years, as it seeks to build a logistics centre and expand businesses. As part of the…
- Technology
China’s Alibaba, S. Korea’s Naver launch GPT rival AI models
Hong Kong: Chinese internet giant Alibaba has launched new artificial intelligence (AI) models that can understand images and perform more complex conversations. The two new models, called Qwen-VL and Qwen-VL-Chat, will be…
- Technology
Alibaba Cloud open sources 2 generative AI models for researchers
Hong Kong: As generative AI race heats up in the US, the Chinese company Alibaba Cloud has announced to open source two of its large language models (LLMs) for researcher community. The…
- Technology
China slaps hefty fines on Alibaba, Tencent as part of regulatory crackdown
Hong Kong: China has slapped hefty penalties on the country’s two digital payments giants, Tencent and Alibaba, as part of its regulatory crackdown that began a couple of years ago. Tencent, along…
- Technology
Jack Ma appears to discuss ‘understanding of mathematics’ with students
Hong Kong: Billionaire and former Alibaba founder Jack Ma made a rare public appearance in the Chinese city of Hangzhou, discussing the “understanding of mathematics” with finalists of the 2023 Alibaba Global…
- Technology
Alibaba pledges to hire 15K people this year amid job cut reports
Beijing: Chinese tech conglomerate Alibaba Group on Friday denied speculations of mass layoffs, saying it is committed to hire 15,000 new employees this year, the media reported. Earlier reports claimed that Alibaba…
- Technology
Alibaba to make significant job cuts amid IPO plans
Hong Kong: Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 percent of its workforce, as it plans separate IPOs for its various business groups. In March, Alibaba Group…
- World
Alibaba Founder Jack Ma resurfaces, cites ‘difficult’ year to rural teachers
Hong Kong: Alibaba Group Founder Jack Ma, who has gone into hiding after regulatory crackdown in China amid the massive Covid surge in the country, resurfaced in a short video on the…
- Business
Alibaba rejigs top brass after major server outage, CEO to look after Cloud arm
Beijing: In a major reshuffle amid intense scrutiny by the Chinese government, Alibaba Group on Thursday unveiled key senior management changes, including Wu Zeming’s rise to the company’s Chief Technology Officer (CTO),…
- Business
Alibaba to sell shares worth $200 mn in Zomato: Report
New Delhi: Chinese behemoth Alibaba is set to sell its shares worth $200 million in Zomato via a block deal on Wednesday, the media reported. According to CNBC Awaaz, citing sources, Ant…
- Technology
Alibaba lays off nearly 10K employees amid poor sales
Beijing: Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and slowing economy in the country, the media reported on Saturday.…
- Technology
Chinese authorities grill Alibaba executives in data leak of 1 bn people
Hong Kong: Rattled by the alleged data leak of nearly 1 billion residents, the Chinese authorities summoned executives and senior technicians from Alibaba Group, after the hacker claimed the data came from…
- Technology
China clears law to penalise internet firms for abusing market competition
Beijing: In a further crackdown on Internet and digital companies, China has cleared a revised anti-monopoly law that will shut loopholes in existing regulation in terms of abusing market dominant position, drawing…
- Technology
Alibaba best-paying tech company in China despite crackdown
Beijing: Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of $5,000, followed by ByteDance and Tencent…
- Business
Arrest of Jack Ma erodes $27 bn from Alibaba’s share value
Beijing: The arrest of an individual with the last name ‘Ma’ in China left people in utter shock who dumped shares in Alibaba that eroded a massive $27 billion in its share…
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