Zhang Kuo

Alibaba’s B2B e-commerce platform eyes 20% growth in 2024, shrugs off rising competition

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Alibaba’s B2B e-commerce platform eyes 20% growth in 2024, shrugs off rising competition

Alibaba.com, a business-to-business (B2B) cross-border e-commerce platform owned by Alibaba Group Holding, is projecting US$60 billion in gross merchandise value (GMV) for 2024, which would be a 20 per cent increase over the US$50 billion last year, the platform’s president Zhang Kuo said. The sourcing platform’s turnover growth slowed after a sevenfold increase in GMV … Read more

Alibaba says new AI model Qwen2 bests Meta’s Llama 3 in tasks like maths and coding

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Alibaba says new AI model Qwen2 bests Meta’s Llama 3 in tasks like maths and coding

Alibaba Cloud on Friday launched Qwen2 – the second iteration of its open-source Tongyi Qianwen family of large language models (LLM), the technology behind chatbots such as OpenAI’s ChatGPT – with a series of updates including multilingual pre-training and an expanded the context window. That means it now allows for much longer queries and answers, … Read more