Business
Alibaba falls short of Q1 revenue estimates
It reported total revenue of 247.65 billion yuan in the first quarter ended June, compared with an estimate of 252.92 billion yuan China’s…
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Singapore-headquartered Mirxes to join Alibaba, Tencent on Hang Seng Composite Index
Home-grown biotech firm Mirxes will join the Hang Seng Composite Index on Sep 8, the startup announced on Saturday (Aug 23). The Hang Seng…
Business
Tencent’s AI restraint shows risk of Alibaba, JD food war
China’s biggest tech companies are bouncing back after years on the ropes with outsized ambitions to dominate in everything from robots…
Business
Alibaba to shut premium Hema X outlets after rivalry heats up
The move marks a strategic retreat from a model that failed to gain traction against Walmart’s Sam’s Club and Costco Wholesale Alibaba…
Business
Alibaba Enters Smart Eyewear Market with Quark AI-Powered Glasses
Chinese e-commerce giant, Alibaba, has finally made an official entry into the smart eyewear market by announcing its new Quark AI…
Business
Alibaba cloud visionary expects big shakeup after OpenAI hype
OpenAI’s ChatGPT started a revolution in artificial intelligence (AI) development and investment. Yet nine-tenths of the technology and…
Business
Alibaba launches open-source AI coding model, touted as its most advanced to date
The launch comes amid intensifying competition among Chinese technology companies in the global artificial intelligence development race…
Business
Alibaba to Baidu lead surge in equity-linked bond sales in Asia
Asian sales of bonds that can be turned into shares have soared in 2025, heading towards multi-year highs, as interest rates remain…
Business
Alibaba risks deepening US$100 billion rout as turf war heats up
A protracted battle in China’s food-delivery market has chopped US$100 billion in market value from Alibaba Group Holding, with no end in…
Business
Alibaba Cloud launches global AI innovation hub in Singapore, two data centres in Malaysia, Philippines
Alibaba’s cloud computing arm on Wednesday (Jul 2) launched a global artificial intelligence (AI) innovation hub in Singapore, which will…
Business
Alibaba offers 50 billion yuan of subsidies to defend turf in China
The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD Holdings Alibaba Group…
Business
Alibaba expands AI cloud services in Malaysia, Philippines
The company will accelerate the buildout of its global cloud network in China, Japan, South Korea, South-east Asia, the Middle East,…
Business
Alibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Alibaba Group Holding will open…
Business
Alibaba movie unit’s pivot, rebrand bring US$2 billion value gain
DAMAI Entertainment Holdings, formerly Alibaba Pictures Group, is shifting its focus from movies production to faster-growing…
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Alibaba, Tencent freeze AI tools during high-stakes China exam
China’s most popular artificial intelligence (AI) chatbots such as Alibaba’s Qwen have temporarily disabled functions including picture…
Business
Alibaba Shares Dip Despite E-commerce, AI growth In Q4
Alibaba shares fell Thursday as revenue growth failed to meet market expectations. In the three months ended March, revenue rose 7 percent…
Business
Alibaba misses revenue estimates as it fights for China e-commerce market dominance
[BENGALURU/SHANGHAI] Alibaba posted quarterly revenue that missed analysts’ estimates on Thursday (May 15), as the e-commerce group works…
Business
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
Business
Electric Hearses In Asia Sure Are Different
Read the full story on Backfire News Call it a cultural thing, because it is, but when we think of an electric hearse what immediately…
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Alibaba chases international AI users with new Qwen upgrades
The expansion, through its Singapore availability zones, shows Alibaba ramping up an aggressive campaign to lure AI users and developers…
Business
Alibaba makes AI model for video, image generation publicly available
CHINESE e-commerce leader Alibaba said on Wednesday (Feb 26) that its video- and image-generating artificial intelligence (AI) model Wan…
Business
Alibaba Makes AI-driven Comeback, Revenue Jumps 8%
Alibaba reported a sharp revenue jump for its latest third quarter, thanks to robust AI products and e-commerce growth. For the three…
Business
Net-a-Porter Sets China Exit Deadline on March 20
Net-a-Porter’s China operation Fengmao, a joint venture between Alibaba and Yoox Net-a-porter, will be terminated on March 20, the…
Business
Alibaba becomes China’s new AI darling with US$87 billion rally
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting new life into…