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Eddie Wu Yongming

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Eddie Wu Yongming

The latest news on Eddie Wu Yongming, CEO of Alibaba Group, including China business and technology news.

Born

1975

Industry

Business

Job Title

CEO of Alibaba Group

The unified global cloud network would give Chinese companies consistent artificial-intelligence infrastructure services at home and abroad. Photo: Shutterstock

Alibaba CEO doubles down on plans for ‘unified global cloud network’

Eddie Wu sees Alibaba Cloud providing the ‘best AI technical services’ to support Chinese enterprises’ global expansion.

23 May 2025 - 7:23PM

Alibaba entertainment group gets whale of a name change with orca rebranding

22 May 2025 - 7:00AM

Alibaba cements AI leadership as cloud unit reports fastest growth since 2022

16 May 2025 - 9:30PM

Alibaba’s quarterly revenue grows 7% as ‘all-in on AI’ strategy pays off

The Hangzhou-based company’s adjusted earnings rose 36 per cent year on year to 32.6 billion yuan in the March quarter.

15 May 2025 - 9:16PM

Jack Ma’s Alibaba visit sparks nostalgia over company’s humble start

A cheerful mood at Alibaba’s annual event for friends and family, as the company navigates business challenges.

10 May 2025 - 6:30PM

Alibaba breaks down barriers as e-commerce giant focuses on core priorities

Alibaba will ‘mobilise at full strength and concentrate our efforts on a few core strategic priorities’, CEO Eddie Wu says in memo to staff.

9 May 2025 - 7:08PM

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How Alibaba is transforming into a catalyst for China’s AI boom

By empowering innovations through its own technology and supporting former employees, the tech giant is reshaping China’s AI landscape.

7 Apr 2025 - 10:16AM

Alibaba is showing itself as an enabler of AI innovations. Illustration: Henry Wong

Alibaba’s Quark draws positive reviews in China as AI agent race heats up

Quark shows Alibaba’s ambition to be competitive in the market for AI agents, like Butterfly Effect’s Manus and OpenAI’s Deep Research.

17 Mar 2025 - 9:00PMvideocam

Alibaba revamps Quark search engine into AI super assistant

The new version of the web-search and cloud-storage tool offers advanced capabilities such as AI chatbot, deep thinking and task execution.

13 Mar 2025 - 8:00PMvideocam

Alibaba.com targets 100% AI adoption by merchants in 2025

Zhang Kuo, president of Alibaba’s international wholesale marketplace, expects the AI initiative to help sellers and buyers on the platform.

11 Mar 2025 - 12:39PMvideocam

Alibaba rolls out AI model that it claims beats DeepSeek, OpenAI

Alibaba says its QwQ-32B AI model outperforms DeepSeek’s R1 in coding and problem solving while using fewer resources.

6 Mar 2025 - 4:26PMvideocam

Alibaba shares have surged in Hong Kong after it introduced its latest AI reasoning model. Photo: AFP

Alibaba CEO meets Chongqing party secretary for AI partnerships

Chongqing party secretary and Politburo member Yuan Jiajun says the city has ‘major opportunities’ for collaboration with Alibaba.

26 Feb 2025 - 2:04PM

Alibaba investors hail e-commerce giant’s AI pivot, major outlay

Alibaba’s Hong Kong-listed shares surged 15 per cent on Friday, following an 8 per cent gain overnight in New York.

21 Feb 2025 - 9:00PM

Alibaba to ramp up AI, cloud investments as quarterly profit surges

CEO Eddie Wu said Alibaba will ‘aggressively invest’ in AI infrastructure and bolster research and development on advanced new AI models.

20 Feb 2025 - 10:05PM

The Hangzhou-based tech conglomerate on Thursday reported total revenue of 280.2 billion yuan in the three months ended December 31. Photo: Shutterstock

Alibaba set on growth path after divesting offline retailing assets: analysts

After disposing of Sun Art and Intime, an ‘asset-light’ Alibaba is expected to be in a better position to compete against e-commerce rivals.

3 Jan 2025 - 7:00AM

Alibaba Group Holding has received kudos from analysts for divesting both hypermarket operator Sun Art and department store chain Intime Retail in a span of a few weeks. Photo: Shutterstock

Alibaba sells retailer Sun Art for US$1.7 billion to refocus on e-commerce

Alibaba agreed to divest its entire stake in Sun Art Retail Group to Chinese private-equity firm DCP Capital.

1 Jan 2025 - 8:49PM

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

The merger of Alibaba’s domestic and overseas e-commerce businesses is expected to improve the firm’s operational and financial performance.

22 Nov 2024 - 8:33PM

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Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.

27 Sep 2024 - 9:00PM

Alibaba is among a number of Chinese tech stocks that received a boost this week, following Beijing’s surprise market-support measures. Photo: Shutterstock

Alibaba CEO eyes greater AI research and development, open sources 100 new LLMs

Alibaba Cloud on Thursday also launched a new text-to-video model, as CEO Eddie Wu reveals increased pace of AI development at Apsara event.

19 Sep 2024 - 7:00PM

Alibaba to deploy AI-powered sourcing engine to boost trade for global merchants

The AI-driven sourcing tool will be accessible to merchants from September via a mobile app and the website of business-to-business e-commerce platform Alibaba.com.

31 Jul 2024 - 8:31PM

Alibaba reports big drop in carbon emissions as it eyes 2030 target

Alibaba reported significant improvements in reducing carbon emissions over the past year, with clean electricity accounting for more than half of all power consumption in its cloud data centres.

22 Jul 2024 - 1:19PM

Artificial intelligence

Alibaba Cloud touts endorsements from major clients in AI computing race

Alibaba Cloud and rivals are gunning for a market that is expected to expand faster this year, thanks partly to popularity of generative AI.

8 Jul 2024 - 11:17PM

Alibaba Cloud has launched two new ads. Photo: Bloomberg

China’s moonlighters seek side gigs on Alibaba’s online flea market

Xianyu, also known as Idle Fish, has launched a new feature allowing users to hire themselves out for part-time jobs.

3 Jul 2024 - 6:00PM

Alibaba e-commerce unit’s latest executive reshuffle sees young leaders take over

The executive reshuffle at Taobao and Tmall Group shows how Alibaba is adhering to calls made by company co-founder Jack Ma to ‘give more power’ to young people.

31 May 2024 - 7:00AM

Alibaba emerges as major backer of high-flying Chinese start-up Moonshot AI

Alibaba has emerged as a major backer of Moonshot AI, one of China’s hottest artificial intelligence start-ups, holding a 36 per cent stake in the firm.

25 May 2024 - 10:10AM

Alibaba’s office in Beijing. Photo: AP Photo

Alibaba’s convertible bond sale to fund buy-backs ‘oversubscribed’

The Chinese tech giant is selling up to US$5 billion worth of convertible bonds, while company leaders set e-commerce and cloud computing as its core businesses in a move ‘towards strategic clarity’.

24 May 2024 - 7:23PM

An Alibaba office building in Nanjing, China. Photo: NurPhoto via Getty Images

Alibaba chairman Joe Tsai voices confidence in Chinese consumer spending

Confidence among Chinese consumers was showing ‘early signs of growth’, according to Alibaba chairman Joe Tsai, as the e-commerce giant expects business to be back on the growth path this year.

15 May 2024 - 12:54PM

Alibaba sees most profitable year since 2021 amid a refocus on core businesses

Alibaba net income rose 10 per cent to US$11 billion in the 2023 financial year, the first annual results since co-founder Joe Tsai took over as chairman.

14 May 2024 - 10:00PMvideocam

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