Tag: $Alibaba Group Holding Ltd.

Alibaba shares jumped on Thursday in premarket trading after the Chinese titan posted a sharp profit hike in the December quarter amid strength in its Cloud Intelligence unit and e-commerce segment.

Apple will work with Chinese tech giant Alibaba to roll out AI services in the world’s biggest market for mobile phones, in a move that removes months of uncertainty for the Cupertino-based firm.

There’s a new Chinese artificial-intelligence model claiming to be able to compete with its Western rivals. But it isn’t DeepSeek. E-commerce company Alibaba is making its own play for the AI crown.

The company will sell its entire 78.7% stake in Hong Kong-listed Sun Art Retail Group

South Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday.

Alibaba is bailing on traditional in-store shopping—and investors don’t seem too impressed.

Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company said in a stock exchange filing on Thursday.

Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.

GoTo Group, Tencent Holdings and Alibaba’s Cloud division have signed agreements to strengthen cloud infrastructure and digital talent development in Indonesia.

Alibaba on Thursday released more than 100 open-source artificial intelligence models and boosted the capabilities of its proprietary technology as it looks to ramp up competition with rivals.

Alibaba has completed a three-year regulatory “rectification” process following an antitrust fine it received on charges of monopolistic practices in 2021, China’s market regulator said on Friday.

Alibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer.

Alibaba stock was climbing early Monday after reports that the Chinese internet retailer was set to raise fees.

Alibaba Group Holding said it is seeing “encouraging” user engagement and merchant growth during the 618 midyear online shopping festival, as rival Xiaohongshu, China’s answer to Instagram, said its online sales have tripled from a year ago.

Hong Kong-listed shares of Alibaba fell over 5% Thursday following a report that the Chinese tech giant is considering selling convertible bonds to raise $5 billion.

Alibaba stock dropped on Tuesday after the Chinese e-commerce company reported March quarter earnings below Wall Street’s estimates, though revenue was above expectations.

Alibaba co-founder Jack Ma has penned a lengthy memo to employees that expresses support for the internet giant’s restructuring efforts, a rare move from the billionaire after spending the last few years out of the spotlight.

China’s Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.

Chinese e-commerce company previously planned multiple spinoffs of business units in an attempt to unlock greater value for shareholders.

Alibaba Cloud on Thursday said it is cutting prices across more than 100 core public cloud products to make cloud computing more accessible in the AI boom.