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Eddie Wu Yongming

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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 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.

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

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

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.

The logo for Alibaba Group atop one of its offices in Beijing, China, Feb. 6, 2024. Photo: Bloomberg

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.

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.

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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.

The executive reshuffle at Taobao and Tmall Group shows how Alibaba Group Holding is adhering to calls made by company co-founder Jack Ma to “give more power” to young people. Photos; Shutterstock

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.

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’.

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.

The Alibaba logo seen at its office building in Beijing, China August 9, 2021. Photo: Reuters

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.

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Alibaba’s signage atop one of the company’s offices in Beijing on February 6, 2024. Photo: Bloomberg

Alibaba seeks growth in Mongolia with marketplace selling Chinese goods

Launched in partnership with a local tech group, ShoppyHub.mn aims to offer products from Chinese manufacturers on Alibaba’s wholesale marketplace 1688.com.

Alibaba’s flagship shopping site starts biggest revamp in 7 years

The e-commerce giant is rolling out the major overhaul ahead of China’s second-largest annual shopping extravaganza, the 618 sales event.

Lenovo and Alibaba team up to build AI-powered personal computers

Lenovo has been strengthening its focus on AI amid a broader trend in the global PC industry to integrate the fast-developing technology into various products and services.

Lenovo is partnership with Alibaba to launch AI-powered devices. Photo: Shutterstock

Alibaba’s Taobao launches 3D-capable app for use on Apple’s Vision Pro headset

The app marks the latest effort by Alibaba to improve users’ experience on its various online platforms via augmented and virtual reality technologies.

Taobao’s 3D-capable shopping app for Apple’s Vision Pro headset marks the latest effort by Alibaba Group Holding to improve users’ experience on its various online platforms. Photo: Weibo

Alibaba reorients business, rejigs overhaul after catalogue of mistakes

Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.

Alibaba Cloud cuts prices for international customers amid global AI race

Alibaba is cutting prices by as much as 59 per cent for international users of its compute, storage, network, database and big data products.

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Alibaba-controlled hypermarket operator Sun Art appoints new CEO

The CEO change at Sun Art comes as Alibaba continues to adjust its offline retail businesses as part of a sweeping group-wide restructuring.

The CEO change at Sun Art comes as Alibaba continues to adjust its offline retail businesses as part of a group-wide restructuring. Photo: AP

Alibaba connects Taobao and 1688 to tap new users as competition intensifies

Taobao has recently featured three online stores under the 1688 name as it pushes to win over new users amid rising competition in China’s e-commerce space.

Alibaba suspends ‘mom and pop’ platform LST as consolidation continues

The changes to LST come as Alibaba continues to rejig its e-commerce arm as well as other business units.

Alibaba said to lead new financing round for Chinese AI start-up MiniMax

The MiniMax deal would mark Alibaba’s second major artificial intelligence start-up investment this year after leading Moonshot AI’s US$1 billion funding round in February.

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Signage for Alibaba Group Holding seen atop one of the company’s offices in Beijing on February 6, 2024. Photo: Bloomberg

Alibaba tests new generative AI tools for merchants on Taobao and Tmall

Alibaba’s latest artificial intelligence push reflects a new tech arms race in mainland China’s e-commerce sector.

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Alibaba Group Holding’s main Chinese shopping platforms – Taobao and Tmall, displayed on a smartphone – are pushing new generative artificial intelligence tools to help merchants in marketing and promotion. Photo: Shutterstock

Alibaba veteran to step down at Local Services Group amid restructuring

The management reshuffle is the latest step by Alibaba to promote a new generation of younger managers amid a sweeping restructuring.

Alibaba’s cloud computing unit slashes prices by up to 55% on 100 core products

The initiative seeks to ‘lower the threshold of cloud services for more enterprises and developers’ in mainland China, where artificial intelligence development projects are driving demand.

Alibaba chairman Joe Tsai says e-commerce giant is set to bounce back: CNBC

Alibaba chairman Joe Tsai says e-commerce giant is poised to bounce back as restructuring process helps company improve competitiveness and customer service.

Alibaba chairman Joe Tsai says e-commerce giant is poised to bounce back. Photo: Bloomberg

Alibaba increases share buy-back as profit and sales miss market estimates

Alibaba’s lower-than-expected quarterly financial results come amid challenging economic conditions and growing competition from new entrants in the online shopping sector.

Alibaba Group Holding is facing increased competition from domestic rivals JD.com, Pinduoduo and Douyin. Photo: Shutterstock

Alibaba’s AI tool can generate slide decks for business presentations

The AI PPT tool, priced at US$2.66 per month, can automatically generate slides based on preset topics or user requests.

Alibaba’s South Asian platform Daraz names new CEO amid intensifying competition

Lazada Group CEO James Dong will now also lead Daraz Group and build on the two Alibaba subsidiaries’ ‘extensive collaborations and synergies’.

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Eddie Wu Yongming
The latest news, analysis and opinion on Eddie Wu Yongming. In-depth analysis, industry insights and expert opinion.
Born
1975
Industry
Business
Job Title
CEO of Alibaba Group
last updated:
7 October, 2024
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