Alibaba has been making headlines recently due to a series of significant developments within the company. Founder Jack Ma's public statements urging Alibaba to 'correct its course' and praising rival PDD Holdings for market share gains have stirred discussions in China's social media sphere. Additionally, the company's cloud computing unit saw a leadership change, with Daniel Zhang stepping down and Eddie Wu taking over on an interim basis. These shifts come amidst increasing competition in the e-commerce and technology sectors in China, with companies like Tencent and PDD Holdings making strategic moves to gain market share.
Alibaba Group Holding Limited, founded on April 4, 1999, in Hangzhou, Zhejiang, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. The company's platforms, including Alibaba.com, have played a significant role in shaping China's digital economy and global e-commerce landscape. Alibaba's diverse portfolio includes businesses in cloud computing, digital media, entertainment, and more. With a focus on innovation and customer-centric services, Alibaba has become one of the world's largest and most valuable technology companies, driving advancements in artificial intelligence, data analytics, and online retail.
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The mainland’s e-commerce sector achieved a 12 per cent overall growth in the March quarter, according to data from JPMorgan.
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China’s e-commerce giant is no longer being stripped for parts. Good
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China’s e-commerce giant is no longer being stripped for parts. Good
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‘Obvious gaps’ exist in the code-writing and operative abilities between domestic and first-class foreign models, an assessment by Tsinghua University found.
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Launched in 2006, Baidu Baike gained popularity partly because access to Wikipedia was unreliable and eventually blocked in China.
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Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.
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There is nothing to fear from missteps because nobody is error-free, Ma wrote, after his co-founder Joe Tsai touched on Alibaba’s mistakes in a podcast interview, generating a frenzy on China’s social media.
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The competition among Chinese artificial intelligence chatbots is heating up, with Moonshot AI overtaking Alibaba’s Tongyi Qianwen and closing in on market leader Ernie Bot from Baidu, according to new data
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Luxury conglomerates and consumer goods giants face profit pressures due to currency depreciation in key markets.
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The project from the Chinese version of TikTok will kick off with Chow’s show in May, followed by content involving other ‘outstanding young creators’.
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Why are influencers so entitled, asks Reshmi Bennett of Anges de Sucre bakery
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Walmart and Alibaba are both implementing AI and drone technology to enhance customer shopping experiences, with Walmart expanding its drone delivery service and introducing AI-powered search and replenishment features, while Alibaba's e-commerce unit is beta testing AI tools for merchants to improve customer interaction.
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Tencent launches Dream Star mobile game to compete with NetEase's Eggy Party, investing $197 million in the project.
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TikTok invests $1.5 billion in Tokopedia, the e-commerce arm of GoTo, an Indonesian tech conglomerate.
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Jack Ma urges Alibaba to 'correct its course' and praises rival PDD Holdings for swiping market share.
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Technology to lower working hours could also reduce widespread mental health illnesses and physical ailments associated with overwork, the research found.
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Sandy Xu Ran takes over leadership of JD Retail from Xin Lijun following the conclusion of China's annual Singles' Day shopping festival
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Daniel Zhang steps down as head of Alibaba's cloud computing unit, with Eddie Wu taking over on an interim basis.
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