Alibaba Group to Embrace AI

The new CEO of Alibaba Group, Eddie Wu, said that this alliance of companies will actively introduce artificial intelligence technologies into the structure of their activities and promote young people to senior management positions.


Alibaba Cloud Eyes Private Round to Raise Funds from Chinese State-Owned Enterprises

The media, citing knowledgeable persons, reported that the cloud unit of Alibaba Group Holding is currently exploring the possibility of conducting a private round of financing to raise funds from Chinese state-owned enterprises.

Science & Technology

Alibaba Cloud Launches New AI Models

Alibaba Cloud has developed two open-source artificial intelligence models that are able to recognize information contained not only in text materials but also in images.

Fintech & Ecommerce

Standard Chartered Partners Ant Group to Promote Sustainability Goals

Standard Chartered and Ant Group agreed to enhance their partnership in driving green and inclusive finance, global fund management and sustainable development


Alibaba to Bring Tmall eCommerce Site to Europe

Michael Evans, president of Alibaba Group, announced the intention of the Chinese e-commerce giant to launch its Tmall website in Europe.

Fintech & Ecommerce

Ant Group Achieves 2022 Carbon Neutrality, Doubles R&D Expenditure

With the help of green computing technologies, Chinese fintech giant Ant Group reduced carbon emissions by over 62,100 tonnes of carbon dioxide equivalents (CO2e) in 2022

Fintech & Ecommerce

Alibaba Vows Historic Investment in Taobao App

The e-commerce division of Alibaba Group Holding Ltd. intends to direct huge investments to the development of its Taobao trading application.

Fintech & Ecommerce

How Can Ecommerce Sites Implement Live Streaming in New Ways to Get Ahead?

The ecommerce industry has boomed over the last few decades, but the crazy thing is it is only just getting started. Indeed, online consumerism will be ubiquitous in the future, and it’s expected to grow significantly and reach $7.3 trillion by 2025. There’s still a lot of opportunity out there for businesses in the industry and people […]

Science & Technology

Alibaba to Roll Out Its Own AI Bot

At the peak of the popularity of ChatGPT, Chinese tech giant Alibaba is preparing to introduce an AI-enabled chatbot assistant speaking both English and Mandarin


Alibaba Sells Stake in Paytm

Chinese e-commerce giant Alibaba Group has sold a 3.1% stake in Indian digital payments company Paytm.


Jack Ma Gives Up Control over Ant Group

The billionaire Jack Ma will give up control of the Chinese fintech giant Ant Group under a corporate restructuring


Alibaba’s Cainiao opens in Brazil

Alibaba’s logistics arm is opening its Latin American headquarters in Sao Paulo, Brazil, as China’s retail growth has slowed

Finance & Economics

Ant Introduces BNPL Solution Ahead of 11.11

The yearly shopping spree at Ant’s platforms will be easier with a new BNPL product, small businesses can also benefit from a separate lending solution

Science & Technology

China to remain the global e-commerce leader with over $2 trillion sales in 2022: GlobalData

GlobalData expects Chinese e-commerce market to grow by 10.4% this year, retaining its leading position on the global scale


Livestream Shopping: market opportunities revealed

Don’t miss out on livestream shopping opportunities: everything you need to know about this market trend


Alibaba-backed EV brand offers drive-to-earn Metaverse experience

IM Motors funded by Alibaba introduces drive-to-earn reward program in IM Valey Metaverse

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