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Tag: Alibaba

Alibaba to raise HK$12bn in exchangeable bonds
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Alibaba to raise HK$12bn in exchangeable bonds

Chinese technology giant Alibaba Group is seeking to raise approximately HK$12 billion (US$1.53 billion) through the issuance of exchangeable bonds, the company announced on Thursday. The move is aimed at bolstering Alibaba’s investments in cloud infrastructure and its expanding global commerce operations. The bonds will be exchangeable for shares in Alibaba Health Technology, a Hong […]

Alibaba Cloud expands with data centres in Malaysia, Philippines
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Alibaba Cloud expands with data centres in Malaysia, Philippines

Alibaba Cloud, the cloud computing division of Chinese tech giant Alibaba Group, has expanded its footprint in Southeast Asia with the launch of a third data centre in Malaysia and plans to open a second facility in the Philippines this October. The announcement was made in a company statement released on Wednesday, following the official […]

The European Commission has accepted a set of binding commitments from Alibaba’s AliExpress in response to concerns over the dissemination of illegal and pornographic materials on its platform, the EU’s executive arm announced on Wednesday. The decision follows an investigation launched in March, which focused on AliExpress’s failure to adequately prevent and remove prohibited content, including unregulated medicines, food supplements, and adult material. The inquiry raised the possibility of a significant fine under the EU’s Digital Services Act (DSA). In a statement, the Commission said it had endorsed a series of “wide-ranging commitments” by the Chinese e-commerce giant, making them legally binding. These include strengthened systems for monitoring and detecting illegal products, greater transparency in advertising and algorithmic recommendations, and enhanced traceability of third-party sellers on the platform. However, regulators warned that AliExpress could still face penalties. The Commission's preliminary findings suggest that the company underestimated the risks posed by illegal content and failed to adequately sanction repeat offenders among its traders. AliExpress retains the right to respond to these findings. “We have proactively engaged and closely collaborated with the European Commission throughout this process from the outset, and we will continue to do so,” AliExpress said in a statement. “We are confident that a positive and compliant result will be achieved through continuing our mutual dialogue with the Commission to address any remaining concerns.” The case marks one of the first major enforcement actions under the Digital Services Act, which requires large online platforms to take stronger steps against the spread of harmful and illegal content in the EU digital market.
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EU forces Alibaba’s AliExpress to tighten content controls

The European Commission has accepted a set of binding commitments from Alibaba’s AliExpress in response to concerns over the dissemination of illegal and pornographic materials on its platform, the EU’s executive arm announced on Wednesday. The decision follows an investigation launched in March, which focused on AliExpress’s failure to adequately prevent and remove prohibited content, […]

Alibaba, RedNote partner to streamline app shopping on Taobao
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Alibaba, RedNote partner to streamline app shopping on Taobao

Chinese e-commerce giant Alibaba has entered a strategic partnership with RedNote, a popular lifestyle and content-sharing platform also known locally as Xiaohongshu, to enable seamless app-to-app shopping for users. The collaboration will allow RedNote users to directly click product links and shop on Alibaba’s flagship e-commerce platform, Taobao. The integration formalises a new in-app shopping […]

Alibaba partners with Apple on AI for iPhones in China
Tech

Alibaba unveils Qwen3 AI model series amid China’s AI boom

Alibaba Group Holding has unveiled the Qwen3 series, the latest version of its flagship AI model, keeping pace with the rapid development in China’s AI sector following the rise of DeepSeek. Announced on April 29, Qwen3 reportedly matches or surpasses DeepSeek’s performance in key areas such as mathematics and coding. Alibaba also ssid that the […]

Alibaba, RedNote partner to streamline app shopping on Taobao
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Alibaba to resume hiring as Xi’s meeting spurs confidence

Alibaba Group Chairman Joe Tsai announced on Tuesday that the company will restart hiring, citing renewed confidence following Chinese President Xi Jinping’s recent meeting with business leaders. Speaking at HSBC’s Global Investment Summit in Hong Kong, Tsai described the rare February gathering—attended by key Chinese tech figures, including Alibaba co-founder Jack Ma—as a strong signal […]

Alibaba's AI breakthrough boosts shares
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Alibaba’s AI breakthrough boosts shares

Alibaba Group’s latest artificial intelligence (AI) development sent its Hong Kong-listed shares soaring over 8% on Thursday. The surge followed the company’s announcement of its new AI reasoning model, QwQ-32B, which it claims rivals the widely recognized DeepSeek R1. In a post on X, Alibaba’s AI division revealed that the QwQ-32B model, with 32 billion […]

Alibaba partners with Apple on AI for iPhones in China
Tech

Alibaba releases AI video generation model for free

Alibaba has announced that its video and image-generating AI model, Wan 2.1, is now publicly available as open-source software. This move is expected to increase its adoption and intensify competition in the AI sector. Alibaba said it is open-sourcing four models from its Wan 2.1 series, the latest version of its foundational AI model capable […]

Alibaba partners with Apple on AI for iPhones in China
Tech

Alibaba to invest $53bn in AI, marking major shift

Alibaba Group Holding Ltd. plans to invest over 380 billion yuan ($53 billion) in AI infrastructure, including data centers, over the next three years. This major commitment highlights the company’s ambition to become a leader in artificial intelligence. Alibaba, plans to invest more in AI and cloud computing than it has over the past decade. […]

Alibaba to raise HK$12bn in exchangeable bonds
Tech

Alibaba launches AI model, claims it surpasses DeepSeek-V3

Chinese tech company Alibaba launched a new version of its Qwen 2.5 artificial intelligence model on Wednesday, claiming it surpassed the highly-regarded DeepSeek-V3. The timing of the Qwen 2.5-Max’s release, coinciding with the first day of the Lunar New Year when most Chinese people are off work, reflects the pressure DeepSeek’s rapid rise in the […]

Jack Ma expresses confidence in Ant Group's AI future
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Jack Ma expresses confidence in Ant Group’s AI future

Alibaba co-founder Jack Ma voiced strong optimism about the future of Ant Group, highlighting significant opportunities in artificial intelligence for the fintech giant during a rare public appearance on Sunday. The remarks were made at the 20th-anniversary celebration of Ant Group, which Ma also co-founded, marking his first such appearance since China halted the company’s […]

Alibaba to raise HK$12bn in exchangeable bonds
News

Alibaba agrees to $433.5m settlement in US monopolistic lawsuit

Alibaba has agreed to pay $433.5 million to settle a U.S. class-action lawsuit alleging monopolistic practices, although the company denies any wrongdoing. It said the decision to settle aims to avoid the costs and disruptions associated with ongoing litigation, according to Reuters. The proposed settlement, which requires approval from U.S. District Judge George Daniels, addresses […]

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