Alibaba Group: News
17 Dec 2024
Jack MaAlibaba to sell Intime department store chain at $1.3B loss
In a move that will see the company incur a $1.3 billion loss, Alibaba Group has announced the sale of its Chinese department store unit, Intime.
07 Nov 2024
Dawood IbrahimFIR registered against e-commerce sites for selling Lawrence Bishnoi T-shirts
The Cyber Cell of Maharashtra Police has taken legal action against several e-commerce platforms for selling T-shirts glorifying notorious gangsters Lawrence Bishnoi and Dawood Ibrahim.
16 Oct 2024
ChatGPTAlibaba claims its new AI translation tool beats ChatGPT
Alibaba International, the global arm of the Chinese e-commerce giant, has launched an upgraded variant of its AI-powered translation tool.
19 Aug 2024
Bombay Stock Exchange (BSE)Major investor to sell Zomato shares worth over ₹3,400 crore
Antfin Singapore Holding, a subsidiary of the Alibaba Group, is preparing to divest a 1.54% stake in Zomato.
10 May 2024
Artificial Intelligence and Machine LearningAlibaba's AI models gaining traction among Chinese corporate clients
Alibaba Group claims that its self-developed large language model (LLM) series, known as Tongyi Qianwen or Qwen, is now being utilized by more than 90,000 corporate clients in China.
19 Apr 2024
LenovoLenovo and Alibaba join forces to build AI computers
At its Tech World event in Shanghai, Lenovo has announced a partnership with Alibaba Group to develop a series of AI products.
27 Nov 2023
BusinessWhy Alibaba has shut down its quantum computing research lab
China-based Alibaba Group Holding Ltd has shut down its quantum computing research lab.
17 Nov 2023
BusinessAlibaba scraps cloud unit spin-off, market value declines by $20bn
Alibaba Group's Hong Kong stock took a 10% dive after the company halted plans to separate its cloud division due to uncertainties stemming from US restrictions on exports to China of semiconductors for use in artificial intelligence (AI) applications.
31 Oct 2023
Artificial Intelligence and Machine LearningAlibaba upgrades AI model Tongyi Qianwen, introduces new industry-specific models
Alibaba unveiled on Tuesday that it has enhanced its artificial intelligence (AI) model, Tongyi Qianwen, and launched a collection of AI models tailored for specific industries.
22 Sep 2023
Hong KongAlibaba subsidiary targets $1 billion in Hong Kong IPO
Cainiao Network Technology, the logistics subsidiary of Alibaba Group, is preparing to submit its application for an initial public offering (IPO) in Hong Kong as soon as next week.
13 Sep 2023
Artificial Intelligence and Machine LearningAlibaba to soon release Tongyi Qianwen AI model for public
Alibaba has announced plans to make its artificial intelligence (AI) model, Tongyi Qianwen, available to the public, signaling that it has obtained regulatory approval in China for broader market deployment.
11 Sep 2023
Stock MarketAlibaba shares crash 4% as former CEO quits cloud business
Alibaba Group's shares fell over 4% following the unexpected exit of former CEO Daniel Zhang from the company's cloud computing business.
03 Aug 2023
Artificial Intelligence and Machine LearningAlibaba takes AI fight to Meta with 2 open-source models
Alibaba's cloud computing unit, Alibaba Cloud, has launched two open-source AI models, Qwen-7B and Qwen-7B-Chat, each with seven billion parameters.
07 Jul 2023
Artificial Intelligence and Machine LearningAlibaba unveils AI image generator that takes on Midjourney, DALL-E
Chinese e-commerce powerhouse Alibaba is in a race to establish itself as one of the leading names in artificial intelligence (AI).
11 Apr 2023
OpenAICan Alibaba's AI model 'Tongyi Qianwen' challenge OpenAI's dominance
Chinese companies are in a race to develop a challenger to OpenAI's ChatGPT. Most recently, Alibaba Group-backed SenseTime introduced an AI model and a chatbot.
09 Feb 2023
Artificial Intelligence and Machine LearningChatbot battle gets real! Now, Alibaba is testing ChatGPT rival
Chinese e-commerce giant Alibaba has become the latest to board the generative AI bandwagon. The company confirmed that it is developing a ChatGPT-like tool.
30 Nov 2022
Jack MaJack Ma living in Tokyo since Chinese crackdown on companies
Jack Ma, Chinese billionaire and the founder of Alibaba, has reportedly been living in Japan's Tokyo city for approximately six months, according to Financial Times reports on Tuesday.
18 May 2022
Jack MaPaytm Mall's valuation down 99% after Alibaba, Ant Financial's exit
Paytm Mall, One97 Communications' e-commerce arm, saw a significant drop in valuation as its key backers Alibaba and Ant Financial exited the firm.
20 Jan 2021
Jack MaAlibaba's Jack Ma, 'missing' for months, makes first public appearance
After months of being "missing," Alibaba and Ant founder Jack Ma has finally made a public appearance.
04 Jan 2021
Xi JinpingAlibaba founder suspected to be missing after criticizing Chinese government
Chinese billionaire Jack Ma has not been seen in public for more than two months now, a development that has sparked questions about his whereabouts.
18 Sep 2020
PaytmGoogle removes Paytm from Play Store: Here's why
Paytm, one of India's most valuable start-ups, has suffered a major setback.
17 Aug 2020
IndiaNewsBytes Briefing: Trump may ban Alibaba, other Chinese companies
Over the weekend, a lot happened in the world of technology.
26 Jul 2020
IndiaJack Ma summoned by Indian court over censorship allegations
China's Alibaba and its billionaire founder Jack Ma have both been summoned by an Indian court over allegations of censoring content and spreading fake news.
11 Jun 2020
WeChatChina orders Weibo to disable some features: Here's why
Chinese microblogging platform Sina Weibo has been ordered to disable some of its features for a week.
09 Apr 2020
TechCrunchBig Basket raises $60mn to meet demand surge amid lockdown
Big Basket, one of India's biggest hyperlocal grocery start-ups, has raised $60 million as part of a bridge-round of funding from Alibaba and others.
17 Feb 2020
HuaweiAmid coronavirus outbreak, China resorts to online classes
The outbreak of coronavirus has hit all aspects of daily life in China, including the education system.
24 Jan 2020
FlipkartAlibaba launches Yoli, a 'social-commerce' app to bag online deals
In a bid to expand its footprint in India, Chinese giant Alibaba has launched a new social commerce app called Yoli.
04 Jan 2020
PaytmLogistics start-up XpressBees raises $10 million from Alibaba
Pune-based XpressBees has raised $10 million in funding from existing investor Alibaba, according to regulatory filings of the company.
10 Sep 2019
E-commerce#AnEraEnds: Alibaba co-founder Jack Ma hangs up his boots
After spending two decades at Alibaba's helm, Jack Ma stepped down as Chairman of the e-commerce giant on Tuesday, his 55th birthday.
14 May 2019
Jack MaJack Ma advises married-employees: "Sex for six days, six times"
Alibaba founder Jack Ma stoked up controversy recently after he advised his married employees to follow "669," that is, "Sex for six days, six times, with duration being the key."
29 Jan 2019
RedditCustomer demands dress-pictures, seller sends of himself wearing them
Living in a world where people have received bricks instead of a smartphone they paid for, people are bound to get skeptical while shopping online.
15 Sep 2018
XiaomiXiaomi creates new managerial positions to foster leadership
Amid increased scrutiny of governance and succession in mega Chinese tech firms, smartphone maker Xiaomi has announced that it is looking to create new managerial positions to build a second tier of leadership under CEO Lei Jun.
10 Sep 2018
HollywoodAlibaba co-founder Jack Ma to step down in September 2019
Alibaba co-founder Jack Ma, one of the world's richest business executives, has announced that he will step down as the executive chairman of Alibaba in September 2019.
09 Sep 2018
South AfricaAlibaba's Jack Ma isn't retiring, will announce his succession plans
Refuting an NYT report which claimed Jack Ma would be retiring from Executive Chairmanship of Alibaba group on Monday, South China Morning Post, a newspaper owned by the company, reported on Sunday that he would instead unveil his succession plans.
08 Sep 2018
Bill GatesEnd of era: China's richest man Jack Ma announces retirement
Jack Ma, who serves as Executive Director of Alibaba, a company he founded in 1999 has announced his retirement. The business magnate will retire on Monday, September 10, according to reports.
13 Jul 2018
IndiaMukesh Ambani overtakes Jack Ma to be Asia's richest person
India's richest man, Mukesh Ambani, has now become Asia's richest man, overtaking Alibaba Group founder Jack Ma.
13 Jun 2018
PaytmPaytm Mall receives $225 million in funding from SoftBank, Alibaba
Paytm Mall, the independent e-commerce arm of digital payments platform Paytm, has received $225 million (Rs. 1509 crore) from Japan's SoftBank and China's Alibaba as the second and final tranche of its latest round of funding.
03 May 2018
XiaomiXiaomi files for the biggest Chinese tech IPO since 2014
Chinese consumer electronics company Xiaomi has filed for an initial public offering (IPO) in Hong Kong Exchanges and Clearing (HKEX).
25 Apr 2018
TencentChinese tech firms apologize for sexist job adverts
Chinese tech firms are under scanner after a recent Human Rights Watch (HRW) report slammed them over gender-discriminatory job ads.
26 Mar 2018
FordFord and Alibaba launch car vending machine in China
Ford and Chinese tech giant Alibaba have partnered to launch a car vending machine, called the Super Test Drive Center, in Guangzhou, China.
08 Mar 2018
Saudi ArabiaAR start-up Magic Leap raises $461 million from Saudi government
Florida-based augmented reality (AR) startup Magic Leap has raised $461 million in the second phase of its series D funding round.
01 Mar 2018
ZomatoZomato raises Rs. 977cr from Alibaba-unit Ant Financial Services
Restaurant discovery and online food-ordering platform, Zomato, announced it has raised $150mn (Rs. 977cr) in a fresh funding round from Ant Financial Services Group, one of the world's leading digital financial services providers.
08 Feb 2018
IndiaUC Browser launches latest version in India; crosses 130mn users
Chinese tech giant Alibaba-owned UCWeb has announced a new version of its UC Browser in India, called UC Browser 12.0.
03 Feb 2018
Indian StartupsChina's Alibaba leads BigBasket's $300-million funding round
Online grocery start-up BigBasket has raised $300 million in Series-E funding which was led by China's Alibaba Group. This is the largest investment raised by the company so far.
12 Nov 2017
AmazonSingles' Day: Alibaba generates $25.3bn sales; more than Iceland's GDP
Chinese e-commerce giant Alibaba's Singles' Day on 11th November saw the company make around 168.2 billion yuan ($25.3 billion) in sales - more than Iceland's GDP - in just 24-hours.
03 Nov 2017
E-commerceChina's online-shopping boom continues, Alibaba has an 'outstanding quarter'
Chinese e-commerce giant Alibaba Group posted stronger-than-expected third-quarter results with a massive jump in revenue as the online shopping boom continues in China.
10 Oct 2017
SingaporeAmazon gets beaten by malls and Alibaba in Singapore
US e-commerce giant Amazon's bid to expand into Southeast Asia has landed the firm in a bit of a pickle in Singapore.
05 Sep 2017
UnicornZomato eyes $200m from Alibaba, may get the unicorn-tag back
According to reports, Zomato is currently engaged in negotiation with Alibaba and its payments affiliate Ant Financial to raise up to $200 million from them.
29 Aug 2017
PaytmBigBasket eyes $200 million investment from Paytm Mall, Alibaba
According to reports, online marketplace Paytm Mall and its principal investor Alibaba has extended the exclusivity period of their negotiations with online grocer BigBasket for two weeks.
23 Aug 2017
IndiaIs UC Browser leaking your mobile data?
According to the IT Ministry, UC Browser is under the scanner for allegedly sending mobile data of Indian users to Chinese servers.
19 Aug 2017
YouTubeNow, China cracks down on VPN vendors
China has now upped the ante by warning e-commerce platforms against selling illegal virtual private networks (VPNs).
13 Jul 2017
IndiaPaytm buys majority stake in Insider.in for Rs. 35 crore
Vijay Shekhar Sharma-led Paytm has now acquired a majority stake in Insider.in for a little over Rs. 35 crore.
10 Jul 2017
HollywoodMarvel wants a Chinese superhero, gimmick or good business strategy?
Reportedly, Walt Disney-owned US-based publishing giant Marvel will now work alongside Beijing-based firm NetEase to create the first Chinese comic superhero in its roster.
16 Jun 2017
XAmazon secures patent to prevent online price comparison in stores
After recently launching its physical retail stores, Amazon has been granted a patent that will prevent consumers from using the in-store Wi-Fi to check product price listings online.
09 Jun 2017
AsiaJack Ma gains $2.8 billion in one day
The founder and executive chairman of Alibaba Group, Jack Ma became Asia's richest man and the 14th wealthiest man in the world; his net worth surged from $8.5 billion to $41.8 billion this year.
08 May 2017
WeChatChina's Internet gets more shackles added to its existing burden
China already has a strongly fortified Internet firewall in place to block elements that the government considers to be a misfit in their present scheme of things.
23 Mar 2017
FlipkartWill Indian e-commerce giants show profit anytime soon?
Currently, there are three major players in the Indian ecommerce space - Flipkart, Paytm and Snapdeal.
04 Dec 2016
Kunal BahlSnapdeal denies reports of Alibaba's acquisition interest
After reports sprung on China's Alibaba expressing its interest in acquiring Indian e-commerce portal Snapdeal, the Indian company denied the reports.
11 Nov 2016
Jack MaAlibaba's Singles' Day clocks over $5 billion in one hour
Alibaba Group's 'Singles' Day', a 24-hour shopping event held annually, garnered the online retail giant over $5 billion during the first hour of the shopping spree.
09 Aug 2016
WalmartJet.com to be acquired by Walmart for $3bn in cash
Walmart will be acquiring Jet.com — an online-only shopping site for $3 billion in cash, plus up to $300 million in shares.
