Tag #Alibaba

Showing 13 to 24 of 31 results

theglobeandmail.com

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Mar 25, 16:16

Alibaba to Rehire Amidst China Tech Sector Revival

Alibaba will resume hiring after a 12-quarter decline, driven by a thaw in Beijing's approach to the tech sector following a meeting between President Xi Jinping and tech leaders, including Alibaba co-founder Jack Ma; Alibaba plans to invest 380 billion yuan ($52 billion) in cloud computing and AI o...

Alibaba to Rehire Amidst China Tech Sector Revival

Alibaba will resume hiring after a 12-quarter decline, driven by a thaw in Beijing's approach to the tech sector following a meeting between President Xi Jinping and tech leaders, including Alibaba co-founder Jack Ma; Alibaba plans to invest 380 billion yuan ($52 billion) in cloud computing and AI o...

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How does the success of Chinese AI startups like DeepSeek influence the broader tech sector and job market in China?

Tsai's announcement reflects a broader shift in China's tech landscape, where government support and the success of AI startups like DeepSeek are boosting confidence and creating new job opportunities. This is particularly significant given China's high youth unemployment and the need to employ millions of college graduates annually.

usa.chinadaily.com.cn

🌐 85% Global Worthiness

Mar 1, 04:10

Alibaba Leads Global AI Race with $53 Billion Investment

Alibaba's Qwen foundation model has created over 100,000 derived models, leading globally, fueled by a $53 billion, three-year investment in cloud and AI infrastructure to transform its business, focusing on e-commerce, cloud computing, and internet platforms.

Alibaba Leads Global AI Race with $53 Billion Investment

Alibaba's Qwen foundation model has created over 100,000 derived models, leading globally, fueled by a $53 billion, three-year investment in cloud and AI infrastructure to transform its business, focusing on e-commerce, cloud computing, and internet platforms.

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How will Alibaba's AI investments affect its e-commerce platform Taobao and its mapping service Amap?

This massive investment reflects Alibaba's strategic shift towards AI-driven growth, aiming to integrate AI across its e-commerce (Taobao), mapping (Amap), and cloud services. The goal is to become a leading provider of AI-powered cloud computing, similar to electricity grids.

liberation.fr

🌐 85% Global Worthiness

Feb 24, 16:08

Alibaba Invests €50 Billion in AI and Cloud, Boosting China's Tech Sector

Alibaba announced a €50 billion investment in AI and cloud infrastructure over three years, following a positive meeting between its founder and President Xi Jinping; this surpasses its last decade's spending and reflects China's push for technological advancement and economic recovery.

Alibaba Invests €50 Billion in AI and Cloud, Boosting China's Tech Sector

Alibaba announced a €50 billion investment in AI and cloud infrastructure over three years, following a positive meeting between its founder and President Xi Jinping; this surpasses its last decade's spending and reflects China's push for technological advancement and economic recovery.

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What are the potential long-term consequences of this investment for Alibaba's competitive position and the future development of AI in China?

Alibaba's substantial investment reflects a strategic pivot towards AI and cloud computing, potentially solidifying its position in the global tech landscape. This is further amplified by China's current economic challenges and the government's push to revitalize domestic consumption, where technology plays a key role. The success of this strategy could influence other Chinese tech giants and reshape the global AI market.

abcnews.go.com

🌐 85% Global Worthiness

Feb 20, 22:08

Alibaba's AI-Fueled Revenue Surge Exceeds Expectations

Alibaba's revenue surged 8% to 280.2 billion yuan ($38.38 billion) in the quarter ending December, exceeding expectations and driven by AI investments; net income reached 48.9 billion yuan ($6.71 billion), boosting its stock price by over 12%.

Alibaba's AI-Fueled Revenue Surge Exceeds Expectations

Alibaba's revenue surged 8% to 280.2 billion yuan ($38.38 billion) in the quarter ending December, exceeding expectations and driven by AI investments; net income reached 48.9 billion yuan ($6.71 billion), boosting its stock price by over 12%.

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What is the significance of Alibaba's record revenue growth and its implications for the global AI landscape?

Alibaba Group Holding reported its fastest revenue growth in over a year, reaching "280.2 billion yuan ($38.38 billion)" in the quarter ending December, exceeding analyst predictions. This surge is attributed to the company's strategic investment in artificial intelligence (AI) and cloud computing, significantly boosting net income to "48.9 billion yuan ($6.71 billion)" and causing a 12% stock price increase.

elmundo.es

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Feb 17, 10:14

Jack Ma's Reappearance Signals Shift in China's Tech Policy

Following a period of regulatory pressure, Jack Ma reappeared at a meeting with Chinese President Xi Jinping on Monday, where the government reassured business leaders of its support for the private sector, marking a significant shift in policy after a period of crackdown on tech giants, including A...

Jack Ma's Reappearance Signals Shift in China's Tech Policy

Following a period of regulatory pressure, Jack Ma reappeared at a meeting with Chinese President Xi Jinping on Monday, where the government reassured business leaders of its support for the private sector, marking a significant shift in policy after a period of crackdown on tech giants, including A...

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What were the key consequences of the regulatory crackdown on Chinese tech companies, and how did they affect Alibaba and Jack Ma personally?

Ma's reappearance is linked to China's economic challenges and a recent policy shift towards supporting the private sector. The government's previous crackdown on tech giants, including Alibaba, resulted in significant fines and market value losses, but this meeting suggests a change in approach.

forbes.com

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Feb 12, 19:19

Asian Equities Mixed; Alibaba Soars on Apple AI Deal

Asian equities saw mixed results overnight, with Hong Kong and Indonesia outperforming while Taiwan and Pakistan underperformed; Alibaba surged 8% after Apple chose Alibaba Cloud for its new AI tools in China, while Vanke secured state funding and the Hang Seng index closed +2.64% higher.

Asian Equities Mixed; Alibaba Soars on Apple AI Deal

Asian equities saw mixed results overnight, with Hong Kong and Indonesia outperforming while Taiwan and Pakistan underperformed; Alibaba surged 8% after Apple chose Alibaba Cloud for its new AI tools in China, while Vanke secured state funding and the Hang Seng index closed +2.64% higher.

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What are the immediate impacts of Apple selecting Alibaba Cloud for its AI tools, and how does this affect the broader technology landscape in China?

Alibaba's 8% surge in Hong Kong follows Apple's decision to use its AI tools in new iPhones sold in China, highlighting Alibaba Cloud's dominance in the AI sector. This win against competitors Baidu and Tencent underscores Alibaba's technological leadership and potential for further growth. Real estate also performed strongly in Hong Kong and Mainland China, with Vanke securing state funding to bolster its budget and access bond markets, a significant development given the current low issuance rates.

cnnespanol.cnn.com

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Mar 6, 16:10

Alibaba's New AI Model Outperforms Rivals, Sending Stock Prices Soaring

Alibaba announced its new AI reasoning model, QwQ-32B, on Thursday, claiming it surpasses competitors like OpenAI and DeepSeek, causing an 8% increase in Alibaba's Hong Kong stock price and boosting the Hang Seng Index; the model boasts 32 billion parameters, significantly fewer than DeepSeek-R1's 6...

Alibaba's New AI Model Outperforms Rivals, Sending Stock Prices Soaring

Alibaba announced its new AI reasoning model, QwQ-32B, on Thursday, claiming it surpasses competitors like OpenAI and DeepSeek, causing an 8% increase in Alibaba's Hong Kong stock price and boosting the Hang Seng Index; the model boasts 32 billion parameters, significantly fewer than DeepSeek-R1's 6...

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What is the immediate market impact of Alibaba's new AI model launch?

Alibaba unveiled its latest AI reasoning model, QwQ-32B, boasting superior capabilities to OpenAI and DeepSeek. This announcement resulted in an 8% surge in Alibaba's Hong Kong-listed stock price and boosted the Hang Seng China Enterprises Index. The model's smaller size (32 billion parameters) compared to competitors like DeepSeek-R1 (671 billion parameters) offers increased efficiency.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Mar 1, 04:10

Alibaba Invests $53 Billion in AI, Creates 100,000+ Models

Alibaba Group announced a $53 billion investment in cloud and AI infrastructure over three years, creating over 100,000 AI models based on its Qwen foundation model, aiming to transform its e-commerce and cloud businesses and achieve Artificial General Intelligence (AGI).

Alibaba Invests $53 Billion in AI, Creates 100,000+ Models

Alibaba Group announced a $53 billion investment in cloud and AI infrastructure over three years, creating over 100,000 AI models based on its Qwen foundation model, aiming to transform its e-commerce and cloud businesses and achieve Artificial General Intelligence (AGI).

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How will Alibaba's AI investments impact its existing businesses, such as Taobao and Amap?

This massive investment reflects Alibaba's strategic shift towards AI-driven growth, impacting its e-commerce, cloud computing, and other internet platforms. The integration of AI into Taobao and Amap aims to enhance user engagement and create new revenue streams, leveraging Alibaba's existing infrastructure and user base.

forbes.com

🌐 85% Global Worthiness

Feb 21, 19:09

Strong Chinese Tech Earnings and Investment Drive Asian Equities Higher

Asian equities were mostly higher this week, led by Mainland China and Hong Kong, while Australia and Thailand underperformed; strong earnings from Chinese tech companies, including Alibaba, Baidu, NetEase, Bilibili, and Vipshop, boosted markets; President Trump's positive comments on China-US relat...

Strong Chinese Tech Earnings and Investment Drive Asian Equities Higher

Asian equities were mostly higher this week, led by Mainland China and Hong Kong, while Australia and Thailand underperformed; strong earnings from Chinese tech companies, including Alibaba, Baidu, NetEase, Bilibili, and Vipshop, boosted markets; President Trump's positive comments on China-US relat...

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What were the primary drivers of the mostly positive performance in Asian equity markets this week, and what are the immediate implications of these factors?

Asian equities markets saw mostly positive performance this week, with Mainland China and Hong Kong leading the gains while Australia and Thailand lagged. Several major tech companies exceeded earnings expectations, including Alibaba, Baidu, NetEase, Bilibili, and Vipshop. Increased interest in humanoid robot technology also boosted market sentiment.

forbes.com

🌐 85% Global Worthiness

Feb 20, 19:11

Alibaba Q4 Earnings Beat Expectations, Driven by Strong Core Business and AI Investments

Alibaba's Q4 2024 earnings exceeded expectations, with revenue up 8% YoY to RMB 280.154B ($38.381B), adjusted net income up 6% YoY to RMB 51.066B, and adjusted EPS up 13% YoY to RMB 21.39, driven by strong performance across its core business units and strategic asset sales, despite a 31% decrease i...

Alibaba Q4 Earnings Beat Expectations, Driven by Strong Core Business and AI Investments

Alibaba's Q4 2024 earnings exceeded expectations, with revenue up 8% YoY to RMB 280.154B ($38.381B), adjusted net income up 6% YoY to RMB 51.066B, and adjusted EPS up 13% YoY to RMB 21.39, driven by strong performance across its core business units and strategic asset sales, despite a 31% decrease i...

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How did Alibaba's strategic decisions, such as asset sales and investments in AI, contribute to its Q4 financial performance?

Alibaba's Q4 results reflect a broader trend of resilience within the Chinese tech sector, despite ongoing geopolitical uncertainties. The company's focus on AI and cloud infrastructure positions it for future growth, while its significant cash reserves provide a financial buffer. This success contrasts with the mixed performance of other Chinese tech companies, such as NetEase and Bilibili.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Feb 14, 07:09

Alibaba-Apple AI Partnership Targets China's iPhone Sales Slump

Alibaba and Apple partnered to bring Alibaba's AI capabilities to iPhones in China, aiming to boost Apple's declining market share against competitors like Huawei and Xiaomi by leveraging Alibaba's advanced AI models and vast user data; the partnership's success could significantly impact the global...

Alibaba-Apple AI Partnership Targets China's iPhone Sales Slump

Alibaba and Apple partnered to bring Alibaba's AI capabilities to iPhones in China, aiming to boost Apple's declining market share against competitors like Huawei and Xiaomi by leveraging Alibaba's advanced AI models and vast user data; the partnership's success could significantly impact the global...

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What is the immediate impact of Alibaba and Apple's AI partnership on Apple's market position in China?

Alibaba and Apple partnered to integrate Alibaba's AI capabilities into iPhones sold in China. This addresses Apple's declining market share in China, where its iPhones lack comparable AI features. The partnership leverages Alibaba's advanced AI models, like Qwen2.5-Max, surpassing competitors in performance and cost-effectiveness.

forbes.com

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Feb 12, 13:17

Alibaba Stock Surges on Apple AI Partnership

Alibaba's stock soared 8.6% in Hong Kong following reports of a partnership with Apple to integrate AI features into iPhones sold in China, driven by Apple's need for a local partner due to restrictions on Western services and Alibaba's superior AI capabilities compared to other contenders.

Alibaba Stock Surges on Apple AI Partnership

Alibaba's stock soared 8.6% in Hong Kong following reports of a partnership with Apple to integrate AI features into iPhones sold in China, driven by Apple's need for a local partner due to restrictions on Western services and Alibaba's superior AI capabilities compared to other contenders.

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Why did Apple choose Alibaba as its AI partner in China, and what were the alternative options considered?

The collaboration between Apple and Alibaba highlights the increasing importance of the Chinese market for AI technology and the challenges faced by Western companies in navigating regulatory hurdles and security concerns. Tencent's inclusion on a U.S. list of Chinese military-linked firms, ByteDance's ongoing legal issues, and Baidu's AI failing to meet Apple's standards illustrate these difficulties. Alibaba's superior AI model, as compared to DeepSeek, likely contributed to its selection by Apple.

Showing 13 to 24 of 31 results