The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market debut of its former financial services arm was suspended following criticism of them by billionaire Alibaba founder Jack Ma. Beijing’s announcement of proposed guidelines to enforce anti-competition law against internet companies […]
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China’s biggest e-commerce firm Alibaba Group Holding on Thursday reported a 30% jump in quarterly revenue, as China recovers from the virus and online shopping demand remains high. Alibaba reported revenues of 155.1 billion yuan ($23.4 billion) for the three months ended September. Its profit was down 60% to 28.8 billion yuan ($4.4 billion) compared […]
HONG KONG (AP) — Ant Group, the online payments arm of e-commerce giant Alibaba Group, announced plans Monday for an initial public stock offering that could become the world’s biggest since the coronavirus pandemic began. Ant, valued at $150 billion after a 2018 private fundraising round, gave no indication how much money it hopes to […]
TOKYO (AP) — Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. Son announced the change at the end of SoftBank’s general shareholders’ meeting. He emphasized that the decision was a “happy” one and did not reflect […]
By GRAHAM DUNBAR AP Sports Writer LAUSANNE, Switzerland (AP) — Alibaba’s promise to the Olympic family is to bring its technological might to help organizers, broadcasters and fans. The Chinese tech giant’s Olympic sponsorship deal is worth hundreds of millions of dollars and runs for 12 years, starting in 2017 and continuing through the upcoming […]
SoftBank's Japanese telecoms unit will receive the first chips using Nvidia's latest Blackwell design for its supercomputer
the US government plans to impose more regulations to hinder any China AI investment in the sector or other sensitive information.
the EU introduced the EU AI Act regulation as a framework for evaluating software cybersecurity and addressing discriminatory outputs.
Hong Kong and Australia have discovered 162,000 new RNA virus species based on genetic data using an AI virus tool developed by Alibaba.
Learn about the potential Nvidia alternatives in the AI chip market. Chinese companies are stepping up to develop their own semiconductors.