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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
Quark is powered by Alibaba Group Holding’s Qwen reasoning artificial intelligence model. Photo: Shutterstock
Alibaba

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.

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Alibaba

Alibaba revamps Quark search engine into AI super assistant

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Alibaba

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

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Alibaba

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.

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

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.

Alibaba

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.

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Alibaba

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.

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

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.

Alibaba

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.

Alibaba

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.

Jiang Fan, the newly appointed chief executive of Alibaba E-commerce Business Group. Photo: Alibaba
Alibaba

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

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.

Alibaba

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.

Alibaba

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
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.

Alibaba Cloud has launched two new ads. Photo: Bloomberg
Alibaba

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.

Alibaba

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.

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Alibaba

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 office in Beijing. Photo: AP Photo
Alibaba

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

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.

Alibaba

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
E-commerce

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.

A view of Ulaanbaatar, Mongolia’s capital. Photo: Shutterstock
Alibaba

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.

Artificial intelligence

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.

Alibaba

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

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 recalibrates after a year of changes. Illustration: Henry Wong
Alibaba

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

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.

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