Alibaba

Baidu, Alibaba, Tencent execs among Big Tech members on new China AI standards committee

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Baidu, Alibaba, Tencent execs among Big Tech members on new China AI standards committee

China’s Ministry of Industry and Information Technology (MIIT) on Friday announced the establishment of an “artificial intelligence (AI) standardisation technology committee” that includes executives from tech giants Baidu, Alibaba Group Holding, Tencent Holdings and Huawei Technologies. The committee will be responsible for “making and revising” standards for different AI vertical markets, including assessment and testing, … Read more

Jack Ma makes rare speech at Ant Group’s 20th anniversary, predicts AI-driven future

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Jack Ma makes rare speech at Ant Group’s 20th anniversary, predicts AI-driven future

Jack Ma, the founder of Alibaba Group Holding, gave a rare public speech at the 20th anniversary of the company’s fintech affiliate Ant Group, saying he had faith in the “next 20 years of Ant” and expects “more miracles”, according to Chinese media reports and people who were there. Ma’s attendance at the evening event … Read more

Alibaba to sponsor Lunar Year Spring Festival Gala to reach China’s thrifty consumers

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Alibaba to sponsor Lunar Year Spring Festival Gala to reach China’s thrifty consumers

Alibaba Group Holding has won the sponsorship for the 2025 Spring Festival Gala show, China’s most-watched event of the year, as the e-commerce giant reaches out to consumers to regain growth momentum. The Hangzhou-based company signed a deal with China Media Group (CMG), which owns state broadcaster China Central Television, to be the “exclusive e-commerce … Read more

Commentary: What 11.11 Singles’ Day sales no longer say about China’s economy

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Commentary: What 11.11 Singles’ Day sales no longer say about China’s economy

Traditionally, 11.11, alongside the mid-year 6.18 shopping festival, has served as a key barometer for consumer confidence, which has become a focal point of China’s efforts to boost its slowing economy. But in the absence of official figures, analysts and media are left to interpret third-party data. E-commerce data firm Syntun, a popular reference point, … Read more

Jack Ma returns to Alibaba campus, as China moves to boost business confidence

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Jack Ma returns to Alibaba campus, as China moves to boost business confidence

Jack Ma, founder of Alibaba Group Holding, on Friday visited the company’s campus in Hangzhou, capital of eastern Zhejiang province, in a show of support for the e-commerce empire he created a quarter of a century ago, according to employees. Ma’s visit was his first known trip back to to his hometown since March 2023, … Read more

ByteDance seeks US$1.1 million in damages from ex-intern who sabotaged AI project

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ByteDance seeks US.1 million in damages from ex-intern who sabotaged AI project

ByteDance, the owner of TikTok and Douyin, filed a lawsuit against a former intern, accusing him of tampering with code and sabotaging an artificial intelligence (AI) training project and demanding 8 million yuan (US$1.1 million) in compensation as well as a public apology, according to a local media report. The case has already been accepted … Read more

Wuzhen Summit: China creates AI advisory body, with Alibaba Cloud founder as chief expert

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Wuzhen Summit: China creates AI advisory body, with Alibaba Cloud founder as chief expert

China has created a new specialist committee on artificial intelligence (AI), as part of the country’s vision for the development and governance of the technology, amid simmering tensions between Beijing and Washington. The AI Experts Committee will help spearhead efforts to promote the country’s perspective on how the fast-growing technology should be governed, according to … Read more

Alibaba’s quarterly profit surges 58% on strong cloud, offshore e-commerce growth

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Alibaba’s quarterly profit surges 58% on strong cloud, offshore e-commerce growth

Alibaba Group Holding’s New York-listed stock gained 5 per cent in pre-market trading after it posted a surprise increase in its September quarter net profit, as strong growth in its cloud computing and offshore e-commerce businesses offset the fall in domestic retail sales caused by China’s consumption slump. Net income surged 58 per cent to … Read more

Alibaba’s workplace collaboration tool DingTalk hits revenue milestone, aims to break even in 2025

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Alibaba’s workplace collaboration tool DingTalk hits revenue milestone, aims to break even in 2025

DingTalk, the workplace collaboration app developed by Alibaba Group Holding, has generated over US$200 million in core revenues over the past six months in a sign of its commercial potential. The app achieved an annual recurring revenue (ARR) of over US$200 million in the six months ended September 30, or the first half of Alibaba’s … Read more

Alibaba sellers are getting a sweeter deal this Singles’ Day as new policies bear fruit

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Alibaba sellers are getting a sweeter deal this Singles’ Day as new policies bear fruit

When Alibaba Group Holding held its eleventh Singles’ Day shopping festival in 2019, it culminated in Shanghai that November with a performance by American pop sensation Taylor Swift to help get consumers in a cheerful mood. Five years later, China’s largest e-commerce company decided a party for the world’s largest online shopping festival was no … Read more