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Alibaba Cloud partners with 01.AI, the Beijing-based AI unicorn founded by former Google China head Kai-Fu Lee, to set up an “industrial large model laboratory”
(
www.scmp.com
)
2025-1-4
China
Google
Alibaba
AI
Alibaba cuts pricing of its vision-language AI model by 85% amid fierce competition in China
(
indianexpress.com
)
2025-1-2
China
Alibaba
AI
Alibaba cuts pricing of its vision-language model by 85% amid fierce competition in China
(
indianexpress.com
)
2025-1-2
China
Alibaba
Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business
(
www.bloomberg.com
)
2025-1-1
Retail
Alibaba
Alibaba Slashes Prices On LLMs By Up To 85% As China AI Rivalry Heats Up
(
slashdot.org
)
2025-1-1
China
Alibaba
AI
Ant Group's payment app Alipay adds an AI-powered image search feature as it tries to become a super app like rival Tencent's WeChat
(
www.scmp.com
)
2025-1-1
AI
WeChat
Tencent
Alipay
Alibaba cuts prices on its visual language model Qwen-VL by up to 85%, after cutting Qwen prices by as much as 97% in May, amid growing AI competition in China
(
www.cnbc.com
)
2025-1-1
China
Alibaba
AI
Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B
(
www.bloomberg.com
)
2024-12-26
Korea
Alibaba
Alibaba's Qwen unveils QvQ-72B-Preview, an experimental research model focused on “enhancing visual reasoning capabilities”, built upon Qwen2-VL-72B
(
qwenlm.github.io
)
2024-12-26
Alibaba
Report: Alibaba splits the team developing apps for its AI chatbot Qianwen from the team that builds its LLM, following similar moves by ByteDance and Baidu
(
www.scmp.com
)
2024-12-21
Alibaba
AI
chatbot
Sources: Apple is in early-stage talks with Tencent and ByteDance about integrating their AI models into iPhones sold in China; ChatGPT is unavailable in China
(
www.reuters.com
)
2024-12-19
China
AI
Apple
Tencent
Two Tencent-appointed Epic board directors resigned after the DOJ expressed antitrust concerns; Tencent also gave up its right to appoint future Epic directors
(
deadline.com
)
2024-12-19
Tencent
Omdia estimates Microsoft bought 485K of Nvidia's Hopper GPUs in 2024, ByteDance and Tencent bought ~230K each, Meta bought 225K, and Tesla/xAI bought ~200K
(
t.co
)
2024-12-18
Microsoft
Tesla
Tencent
Nvidia
Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss
(
www.bloomberg.com
)
2024-12-17
Alibaba
How Tencent's MoreFun Studios, on the verge of collapse a decade ago, is fueling the company's ambitions to create “evergreen” global gaming franchises
(
www.bloomberg.com
)
2024-12-11
Tencent
GroupM expects global ad industry revenue to grow 9.5% in 2024, passing $1T for the first time, with Google, Meta, ByteDance, Amazon, and Alibaba earning 50%+
(
t.co
)
2024-12-10
Google
Amazon
Alibaba
GroupM: global ad industry revenue will hit $1T for the first time in 2024; Google, Meta, ByteDance, Amazon, and Alibaba are expected to earn 50%+ of the total
(
www.ft.com
)
2024-12-9
Google
Amazon
Alibaba
Alibaba releases QwQ-32B-Preview under an Apache 2.0 license and claims the “reasoning” AI model beats OpenAI's o1 models on the AIME and MATH tests
(
techcrunch.com
)
2024-11-28
Alibaba
AI
Mathematics
Alibaba appoints Jiang Fan its new e-commerce chief in an overhaul of the struggling business; Jiang was demoted in 2020 after allegations of improper conduct
(
www.bloomberg.com
)
2024-11-21
Alibaba
Sources: Alibaba, ByteDance, and Meituan have been expanding their AI teams in Silicon Valley in recent months, despite US efforts to stymie Chinese companies
(
t.co
)
2024-11-19
China
Alibaba
AI
Alibaba reports Q2 revenue up 5% YoY to ~$32.4B, below ~$32.7B est., and net income up 58% YoY to ~$6.07B due to the performance of its equity investments
(
www.cnbc.com
)
2024-11-15
Alibaba
Equity
Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong
(
www.bloomberg.com
)
2024-11-13
Mobile
Tencent
Alibaba, JD, and Xiaomi report Singles' Day sales numbers they say make the shopping event one of the most productive yet, as China's economy continues to sag
(
www.bloomberg.com
)
2024-11-12
China
Alibaba
Xiaomi
Tencent partners with Visa to launch a palm biometric authentication payment service at stores and restaurants in Singapore, its first expansion outside China
(
t.co
)
2024-11-9
China
Tencent
Singapore
AppGrowing: in Q3, Moonshot, Zhipu, ByteDance, Alibaba, and other Chinese AI companies spent ~$70.2M to promote their AI chatbots, as the market gets crowded
(
www.scmp.com
)
2024-11-5
China
Alibaba
AI
chatbot
Naspers and Prosus CEO Fabricio Bloisi says he is overhauling corporate culture and pay structures in search of growth beyond Prosus' stake in Tencent
(
t.co
)
2024-10-28
Tencent
Alibaba agrees to a $443.5M settlement in a US shareholder lawsuit alleging that Alibaba hurt investors by making misstatements about its exclusivity practices
(
www.wsj.com
)
2024-10-27
Alibaba
LatticeFlow's LLM Checker, which analyzed models from Meta, Alibaba, Mistral, Anthropic, and OpenAI against the EU's AI Act, finds some compliance issues
(
www.reuters.com
)
2024-10-16
Alibaba
AI
Filing: Chinese smart-driving company Horizon Robotics is targeting to raise ~$700M in its Hong Kong IPO; Alibaba and Baidu are among its cornerstone investors
(
www.wsj.com
)
2024-10-16
China
Hong Kong
IPO
Alibaba
Robot
Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout
(
indianexpress.com
)
2024-10-6
Tencent
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