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
Tag: alibaba
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
Upside seen to Alibaba’s scrapped Cainiao IPO
An employee arranges packages at a Cainiao storage facility in Yiwu, Zhejiang province, in July. [Photo/Xinhua] Alibaba Group Holding Ltd’s latest move to scrap a planned initial public offering for its unit Cainiao Smart Logistics Network will help strengthen synergy between its logistics services and e-commerce businesses and expand its presence in overseas markets by … Continue reading Upside seen to Alibaba’s scrapped Cainiao IPO