Alibaba to acquire remaining stake in Cainiao for up to $3.75 billion; shelves IPO plan
In a surprising move, Chinese e-commerce behemoth Alibaba Group Holding has called off its […]
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Alibaba-owned e-Commerce startup Lazada begins new round of layoffs across Southeast Asia
Lazada, an e-commerce startup owned by Alibaba, has begun its latest round of layoffs […]
Alibaba scraps plans to spin-off its cloud business, citing US chip restrictions
The US chip export ban appears to have dealt a blow to some Chinese […]
Alibaba unveils Tongyi Qianwen 2.0, its new AI model to take on Microsoft and Amazon
Alibaba on Tuesday announced the launch of its latest artificial intelligence (AI) model as […]
Alibaba, Tencent and other Chinese backers invest $340M in OpenAI rival startup Zhipu
Just a short three days ago, we wrote about Baichuan after the Chinese AI […]
Chinese AI startup Baichuan raises $300 million in funding from Alibaba, Tencent, and others
Investment in artificial intelligence (AI) startups continues at a rapid pace with no signs […]
Alibaba’s cloud division in talks to raise up to $3 billion from state-owned firms, reports
Just weeks after introducing Tongyi Wanxiangm, an AI image-generation tool in direct competition with […]
Alibaba launches AI models that understand images and have more complex conversations
The artificial intelligence (AI) space is heating up. Just yesterday, South Korea’s Naver announced […]
Alibaba launches Tongyi Wanxiang, an AI image-generation tool to compete with OpenAI’s DALL-E & Midjourney
Chinese tech giant Alibaba on Friday announced the launch of its latest artificial intelligence […]
Alibaba CEO to step down; to be replaced by Jack Ma’s close confidant, Eddie Yongming Wu
In a surprise announcement on Tuesday, Alibaba Group said that current CEO Daniel Zhang […]
Alibaba to lay off 7% of workforce in its cloud division ahead of the unit IPO
Chinese tech giant Alibaba becomes the latest in a string of tech companies announcing […]
Top tech startup news for Tuesday, May 2, 2023: Alibaba, Aligned, Chegg, Gigascale, Gigs, Inflection AI, and Simpplr
Good evening! Below are some of the top tech startup news stories for Tuesday, […]
Alibaba founder Jack Ma is now a college professor in Japan
Jack Ma, the billionaire co-founder of Alibaba who vanished from the public eye in […]
Alibaba says it is developing its own ChatGPT AI tool as tech companies vie for a share of the booming generative AI market
ChatGPT continues to dominate headlines and there’s no sign of slowing down as ChatGPT […]
Alibaba founder Jack Ma plans to give up control of China’s fintech giant Ant Group
Jack Ma, Chinese billionaire and founder of Alibaba, plans to give up control of […]
Alibaba’s fresh grocery delivery startup Freshippo to raise $500 million at a lower valuation of $6 billion
Alibaba Group’s grocery chain Freshippo (also known as Hema in Chinese) is considering raising funds […]
Alibaba leads a $60M investment in augmented reality glasses tech startup Nreal as Chinese tech giants look to expand into the metaverse
The arrival of the metaverse has led to a growing demand for virtual and augmented […]
Alibaba founder Jack Ma resurfaces in Europe; company releases new chip to boost its cloud business and take on Amazon and Microsoft
In early January, we wrote about Jack Ma after his disappearance from the public […]
Alibaba leads $300 million investment in Chinese self-driving startup DeepRoute.ai
Chinese autonomous driving start-up DeepRoute.ai said today it has raised over $300 million in Series […]
Alibaba’s “UC Browser” has been removed from Chinese app stores
In a sign of tension between the Chinese Communist Party and Alibaba’s founder Jack […]