Alibaba invests US$27 million in education start-up to expand its generative AI portfolio amid price war in China
Alibaba Group Holding has invested around 200 million yuan (US$27.6 million) in artificial intelligence (AI) education start-up Zhejiang Jingzhunxue, as the Chinese e-commerce giant continues to bet heavily on the AI sector. Hangzhou-based Jingzhunxue said on Wednesday that it received backing from Alibaba to support the development and promotion of the start-up’s AI-powered education device, … Read more
