Alibaba

Following the release of an artificial intelligence model that the Chinese tech giant claims can rival DeepSeek, this year’s unexpected tech star, Alibaba shares jumped more than 7% in Hong Kong trade on Thursday. Since January,...

Alibaba shares surged more than seven percent in Hong Kong trade on Thursday after the Chinese tech giant launched an artificial intelligence model it says can compete with DeepSeek, this year’s surprise tech star. Investors have...

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting with President Xi...

A week after co-founder Jack Ma was spotted meeting with President Xi Jinping, the Chinese tech behemoth Alibaba announced Monday that it will invest over $50 billion in cloud computing and artificial intelligence over the next...

Chinese tech and e-commerce giant Alibaba on Friday reported moderate revenue growth of five percent in its latest quarter, as Beijing works to stimulate domestic spending. The Hangzhou-based firm operates some of China’s most widely used...

Former CEO Daniel Zhang has abruptly left Chinese e-commerce giant Alibaba. Daniel Zhang was scheduled to take over a significant subsidiary on Monday as the company underwent a significant restructure. Hangzhou-based One of the most well-known...

On Thursday, Chinese e-commerce behemoth Alibaba announced an unexpected 14 percent year-on-year gain in quarterly sales, despite a broader economic slump. Alibaba is a major role in China’s burgeoning digital economy and the owner of a...

Alibaba, a major player in the Chinese technology industry, declared on Tuesday that Joseph Tsai would succeed Daniel Zhang as chairman and CEO in September. In a statement, Zhang said that while the company works to...

On Wednesday, Asian stocks performed better compared to losses experienced by Wall Street. The gains were mainly driven by the announcement made by the Chinese tech giant Alibaba stating it would divide into six business groups....

Asian stocks were broadly up on Wednesday to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six business groups. The Hangzhou-based firm said...