Alibaba revenue edges up to US$33.5 billion but misses estimates in June quarter

Alibaba revenue edges up to US.5 billion but misses estimates in June quarter

“Our results this quarter demonstrated our strategy at work. Our focus on enhancing user experience by offering quality products at attractive prices with great service led to stabilising market share of Taobao and Tmall Group as we returned the business on the growth trajectory,” Alibaba CEO Eddie Wu Yongming said in a statement on Thursday. … Read more

Alibaba launches maths-specific AI models said to outperform LLMs from OpenAI, Google

Alibaba launches maths-specific AI models said to outperform LLMs from OpenAI, Google

“Over the past year, we have dedicated significant efforts to researching and enhancing the reasoning capabilities of large language models, with a particular focus on their ability to solve arithmetic and mathematical problems,” the Qwen team, part of Alibaba’s cloud computing unit, said in a post published on developer platform GitHub on Thursday. Alibaba owns … Read more

Alibaba Cloud raises prices for domain name auctions amid AI compute price war

Alibaba Cloud raises prices for domain name auctions amid AI compute price war

Starting from August 1, starting bids for domain names on Alibaba Cloud will be raised to 199 yuan for “.com” addresses and 99 yuan for other top level domains, the company said in a statement published on its official website on Saturday. Hangzhou-based Alibaba owns the South China Morning Post. Alibaba Cloud’s auction platform allows … Read more

China’s Xiaohongshu carves out a niche in an increasingly crowded e-commerce market

China’s Xiaohongshu carves out a niche in an increasingly crowded e-commerce market

Chinese social media platform Xiaohongshu, the Instagram-style app where young consumers to share lifestyle tips, is seeking to become a new force in the country’s crowded e-commerce market by grabbing attention and revenue from established players such as Alibaba Group Holding and ByteDance’s short-video app Douyin. Xiaohongshu, the platform also known as Red with 300 … Read more

Cantopop singer Jacky Cheung cancels tour dates in Hangzhou at last minute amid ill-health

Cantopop singer Jacky Cheung cancels tour dates in Hangzhou at last minute amid ill-health

Hong Kong singer Jacky Cheung Hok-yau has cancelled three concerts in Hangzhou, China, this weekend because his vocal cords are inflamed. It is the third time the 63-year-old Cantopop star has scrapped dates on his “Jacky Cheung 60+ World Tour” this year because of health issues. Cheung cancelled three concerts in Shanghai in March after … Read more

Alibaba bets on Taobao, Tmall clothing merchants to compete overseas against Shein, Temu

Alibaba bets on Taobao, Tmall clothing merchants to compete overseas against Shein, Temu

Eligible merchants on Taobao and Tmall can enroll in Alibaba’s new pan-clothing global free shipping plan, so they can sell their products directly to consumers in several markets outside the mainland, the Hangzhou-based company said in a statement in response to the South China Morning Post’s inquiry. Alibaba owns the Post. Taobao and Tmall merchants … Read more

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Algorithm engineer Zhou Chang, who worked on the Tongyi Qianwen large language models (LLMs), has decided to leave Alibaba’s cloud computing unit after seven years at the firm, according to two people familiar with the matter. Alibaba owns the South China Morning Post. Zhou’s departure was first reported on Wednesday by Chinese media 36Kr. The … Read more

Alibaba’s AI model outperforms Chinese rivals, ranks just behind OpenAI, Anthropic

Alibaba’s AI model outperforms Chinese rivals, ranks just behind OpenAI, Anthropic

Qwen2-72B-Instruct – the most advanced version of the Hangzhou-based e-commerce giant’s Qwen family of large language models (LLMs), the open source version of Tongyi Qianwen – came in just behind OpenAI’s GPT-4o and Anthropic’s Claude 3.5 Sonnet in a ranking from SuperClue, a benchmarking platform that evaluates models based on metrics such as calculations, logic … Read more

He stays at Asia’s finest boutique hotels, from China to Japan – it’s part of his job

He stays at Asia’s finest boutique hotels, from China to Japan – it’s part of his job

A week later, he could be in residence at the Nagoya Kanko Hotel, where members of the Japanese imperial family have historically chosen to stay when they visit the city. Qiushui Villa, in Hangzhou, China was built by high-profile Chinese journalist Shi Liangcai for his wife. Photo: Small Luxury Hotels of the World Such is … Read more

Alibaba Cloud’s new ads tout AI computing power with endorsements from major clients

Alibaba Cloud’s new ads tout AI computing power with endorsements from major clients

Alibaba Group Holding’s cloud computing unit on Monday launched a new advertising campaign in China featuring top executives from start-up Moonshot AI and online recruitment platform Zhilian Zhaopin, amid fierce competition in the local market. The ads – currently displayed at airports in Beijing and Hangzhou, capital of eastern Zhejiang province – promoted the market … Read more