Alibaba announces exit of CEO
Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang. Hangzhou-based Alibaba is a leading…
Alibaba
Alibaba introduces new AI model
In response to the intensifying competition for technological supremacy, Alibaba has unveiled a new artificial intelligence model that it claims is capable…
Chinese tech giants secure $5bn worth of Nvidia chip orders
China’s leading internet giants are swiftly securing high-performance Nvidia chips crucial for developing generative artificial intelligence systems. Orders totaling $5 billion have…
Alibaba considers selling shares to Ant as probe ends
Alibaba Group Holding Ltd. is considering selling shares to Ant Group Company as part of the fintech company’s planned buyback. This follows…
Alibaba partners Huawei to launch AI image generator
Alibaba Group and Huawei Technologies Co. on Friday unveiled new products, including an AI picture generator and an AI model improvement as…
Alibaba to surrender control of some business units
Alibaba Group has announced plans to monetize non-core assets and potentially give up control over some of its businesses. According to Reuters,…
Investors hopeful Alibaba split may end China’s regulatory scrutiny
Alibaba’s business split raises the hopes of Investors resulting to a surge in the company’s stock price and other similar companies. According…
SoftBank shares rise after Alibaba split
SoftBank Group Corp’s shares rose on Wednesday after Alibaba Group announced a major restructuring plan. SoftBank has a 13.7% stake in Alibaba.…
Alibaba to split business into six units
Alibaba Group Holding Ltd has on Tuesday announced it plans to divide its business into six main units that will focus on…