An employee sorts packages at a Cainiao logistics service station in Fuyang, Anhui province, in June. WANG BIAO/FOR CHINA DAILY Cainiao Group, the logistics arm of Chinese technology heavyweight Alibaba Group Holding Ltd, is boosting its overseas logistics network and accelerating expansion abroad to meet the growing demand for faster and more reliable delivery services globally. … Continue reading Cainiao expanding logistics network overseas
Tag: alibaba
Alibaba announces expansion of Hong Kong Stock exchange
Chinese tech heavyweight, Alibaba Group Holding Ltd, announced that the company’s shares traded on the Hong Kong bourse have been included in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect programs on Tuesday. Eligible investors from the Chinese mainland have direct access to the trading of the company’s ordinary shares, the company … Continue reading Alibaba announces expansion of Hong Kong Stock exchange
Alibaba Group becomes dual primary listing
A pedestrian walks past the headquarters of Alibaba in Beijing. KUANG DA/FOR CHINA DAILY Tech heavyweight Alibaba Group Holding Ltd said on Wednesday its voluntary conversion of secondary listing to primary listing on the Hong Kong Stock Exchange became effective today. The company said in a filing to the Hong Kong bourse that Alibaba is … Continue reading Alibaba Group becomes dual primary listing
Chinese tech giants slash LLM prices
Alibaba Cloud, the cloud computing unit of Alibaba Group, announces a price reduction of 97 percent on its Qwen-Long large language model. [Photo provided to chinadaily.com.cn] Competition in China’s artificial intelligence-powered large language model sector is intensifying as leading Chinese tech companies have announced drastic price reductions on major LLM products, leading to a growing … Continue reading Chinese tech giants slash LLM prices
Chinese tech giant launches first cloud region
Selina Yuan, president of international business at Alibaba Cloud Intelligence, announced Alibaba Cloud will launch new availability zones and global investment to fuel AI innovation. [Photo provided to chinadaily.com.cn] Alibaba Cloud, the cloud computing unit of Chinese tech heavyweight Alibaba Group Holding Ltd, has announced plans to launch its first cloud region in Mexico and … Continue reading Chinese tech giant launches first cloud region
Broader AI application boosting biz growth
A girl stands in front of the Alibaba Group Holding Ltd headquarters in Hangzhou, Zhejiang province, in May 2021. [Photo/Agencies] Fast-developing artificial intelligence technology has the potential to revolutionize various industries and provide strong support for sustainable business growth of major Chinese tech companies, industry experts said. They added that enterprises can develop new business … Continue reading Broader AI application boosting biz growth
Alibaba sees its Jan-March revenue up 7%
The headquarters of e-commerce giant Alibaba Group in Hangzhou, East China’s Zhejiang province. [Photo by Niu Jing/For China Daily] Chinese tech heavyweight Alibaba Group Holding Ltd reported on Tuesday night that its revenue stood at 221.87 billion yuan ($30.7 billion) during the January-March period, an increase of 7 percent year-on-year, while its net income reached … Continue reading Alibaba sees its Jan-March revenue up 7%
Alibaba Cloud unveil latest version of LLM
Alibaba Cloud unveiled the latest version of its large language model, Tongyi Qianwen 2.5. [Photo provided to chinadaily.com.cn] Alibaba Cloud, the cloud computing unit of Chinese tech heavyweight Alibaba Group Holding Ltd, has unveiled the latest version of its large language model, Tongyi Qianwen 2.5, saying its capabilities have surpassed those of US company OpenAI’s … Continue reading Alibaba Cloud unveil latest version of LLM
China’s charging pile expertise sought-after in overseas countries
Factory workers at a charging pile manufacturer in Luoyang, Henan province, inspect EV charging piles. [Photo/China Daily] Chinese charging pile companies have advantages in the supply chain, technology innovation and cost, leading to high demand in overseas markets, industry experts said. With emissions regulations tightening, the transition to vehicle electrification is unstoppable worldwide. While new … Continue reading China’s charging pile expertise sought-after in overseas countries
Alibaba returns to simple and agile structure
Jack Ma, founder of Alibaba Group. [Photo/VCG] Jack Ma, co-founder of Chinese tech heavyweight Alibaba Group Holding Ltd, affirmed on Wednesday the courage Alibaba’s new leadership team had to embrace new changes, saying the company has returned to a healthy growth track and will continue to innovate. Ma wrote in an internal letter to employees … Continue reading Alibaba returns to simple and agile structure