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Eddie Wu Yongming
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Eddie Wu Yongming

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Eddie Wu Yongming
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
Dress form mannequins bearing Shein logos at a garment factory in Guangzhou’s Panyu district last month. Photo: Reuters
Hong Kong stock market

Bitcoin rally and Alibaba share purchases: the numbers moving markets

Alibaba shares, bitcoin, Hong Kong second-hand home prices and Shein’s IPO plans in spotlight this week.

Alibaba

Top Alibaba executives purchase US$15m in shares following landmark AI placement

Alibaba

Alibaba to issue US$10 billion in new shares for global AI push

Alibaba

What’s next for Alibaba as US$56 billion AI spending plan hits halfway mark?

Aggressive spending strains cash, but Alibaba’s AI cloud growth points to strong long-term returns, analysts say.

The Alibaba cloud unit’s growth has not yet peaked, according to analysts. Photo: Shutterstock
Alibaba

Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending

Tech giant posts fastest growth in cloud and AI revenue in 22 quarters, says huge AI computing investments will pay off within three years.

Alibaba

China’s richest province taps Alibaba to power its AI and chip push

Guangdong province deepens ties with China tech giant to boost digital innovation by focusing on AI, semiconductors and smart services.

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Alibaba

From CXMT to Zhipu AI, Alibaba’s strategic investments are paying off

The company’s strategic shift to AI and chip investments is not only yielding significant returns, but also boosting its tech portfolio.

Alibaba's logo at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. The company's strategic shift to AI and chip investments is yielding significant returns and also boosting its tech portfolio. Photo: Getty Images
Artificial intelligence

Alibaba chip unit T-Head triples capital amid AI hardware bet

First injection in over three years comes as Alibaba works on full-stack AI infrastructure, from its Qwen models to chips to cloud services.

Artificial intelligence

Hard work and endurance: what Alibaba’s team-building says about its AI drive

Jack Ma and executives plant rice seedlings in a symbolic retreat signalling resilience as Alibaba doubles down on AI.

Artificial intelligence

Alibaba Cloud expands in France amid Europe’s data sovereignty push

Opening of Paris hub is a response to increased demand, says the China tech giant as it looks to roll out agentic AI services across Europe.

The Champs-Elysees at night near the Arc de Triomphe in Paris. Alibaba Cloud announced today that it has launched its first data centres in France. Photo: Shutterstock
Artificial intelligence

Alibaba forges Token Foundry as it hammers AI ambitions into shape

Alibaba consolidates key AI teams under CEO Eddie Wu and appoints Qwen leader Zhou Jingren as chief scientist.

Alibaba is stepping up efforts to align its businesses around a unified AI strategy. Photo: AFP
Alibaba

Alibaba elevates tech chief Wu Zeming to elite committee amid AI push

Wu joins Jack Ma and Joe Tsai in committee of five overseeing group that steers company’s strategy.

Artificial intelligence

Alibaba signals next phase of AI growth from investment to commercialisation

Chinese e-commerce and cloud computing giant forecasts 30 billion yuan AI revenue in 2026, with agents driving more than half of cloud sales.

Alibaba

Alibaba teases new Qwen previews, highest-ranking Chinese AI models on Arena

The tech giant released previews of new flagship artificial intelligence models, which scored well on a crowdsourced platform.

The company logo at an Alibaba office. Photo: Handout
Artificial intelligence

Chinese tech giants race to dominate AI-powered digital gateways

The integration of agentic AI with sites like Taobao and JD.com is reshaping shopping, but the bigger promise is an agent within WeChat.

A Taobao and Tmall display is seen at the Alibaba office in Beijing on April 1. Photo: AFP
Artificial intelligence

Alibaba, Tencent present a tale of two strategies for AI spending

Alibaba will focus its AI capex on cloud services, while Tencent is prioritising internal demand with its spending.

Alibaba

Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI

The Chinese tech giant’s New York-listed shares also closed up 8.2 per cent on Wednesday, after it reported triple-digit growth in AI revenues.

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Alibaba

Alibaba CEO signals capex boost as China tech giant forges full-stack AI path

Alibaba’s quarterly revenue arrived largely in line with estimates as the tech giant disclosed its first AI sales data, and in early US trading, the shares jumped 6%.

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A man walks past an Alibaba display featuring the Olympic rings outside an Alibaba office building in Shenzhen, Guangdong province, on Tuesday. Photo: Getty Images
Artificial intelligence

Alibaba opens Qwen app to partners with China Eastern Airlines tie-up

Company pledges more partnerships to expand the agentic capabilities of its flagship consumer chatbot app.

Artificial intelligence

How the rise of AI agents could finally make China’s open-source models pay

Free models helped Chinese firms find rapid success – but thin margins are forcing a shift towards hybrid business strategies.

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Artificial intelligence

Alibaba cloud growth forecast to climb with AI push, higher charges: analysts

The company’s cloud and AI businesses are gaining speed, with token usage and pricing changes fuelling growth, analysts say.

The Alibaba building in Xuhui Binjiang Park, also known as “AI Park”, in Shanghai. Photo: EPA
Alibaba

Alibaba sets up top tech committee led by CEO to sharpen AI push

Restructuring brings core AI teams under tighter leadership as competition in China’s model and agent space intensifies.

Alibaba CEO Eddie Wu Yongming says the changes are aimed at accelerating Alibaba’s AI push. Photo: Handout
Artificial intelligence

Preview of Alibaba’s top AI model leads Chinese peers, lags US rivals

Qwen3.5-Max-Preview enters a global ranking at 15th, behind models from Anthropic, OpenAI and Google.

Alibaba

Alibaba targets US$100b in annual cloud, AI revenue despite results miss

T-Head, mentioned for the first time in the company’s earnings, has shipped more than 470,000 AI chips as of February.

Artificial intelligence

Alibaba reshuffles AI units into a new ‘Token Hub’ group, led by CEO Eddie Wu

Intended to increase AI coordination, the group will sit alongside Alibaba Cloud and the company’s e-commerce divisions.

The Alibaba Token Hub Business Group brings all the company’s core AI teams and products together under one umbrella. Photo: Reuters
Alibaba

Alibaba task force, led by CEO Eddie Wu, will focus on AI model development

Wu affirmed in his letter that Alibaba would ‘uphold our open-source model strategy’ and scale up investment in AI.

Alibaba CEO Eddie Wu Yongming speaks at the opening of the company’s Apsara Conference in 2024. Photo: Weibo
Artificial intelligence

Jack Ma, Alibaba leaders call for education overhaul in the age of AI

Time spent memorising textbooks could be freed up to cultivate creativity and imagination, according to Ma, the founder of Alibaba.

Robotics

Germany’s Merz meets China’s tech vanguard, including Alibaba and Unitree CEOs

Hangzhou visit reflects Germany’s attempt to work further with the engines of China’s digital and robotics economy.

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