Rajiv MenonTelecom
Alibaba Opens Brazil Data Centres to Target South American AI Demand
The Chinese cloud giant is expanding its overseas computing footprint into Latin America to capture local artificial intelligence workloads.
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Alibaba
Every story tagged Alibaba on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged Alibaba
638 stories in this topic
Rajiv MenonGeneral
PDD Profit Falls 12% as Price Wars and Overseas Tariffs Bite
Revenue rose 8 per cent to 112.36 billion yuan for the quarter ended June 30, missing consensus estimates as margins tightened across China and Western markets.
Rajiv MenonE-Tailing
Alibaba Net Profit Plunges 75 per Cent on Heavy AI Infrastructure Spending
Quarterly net income dropped sharply as capital expenditure rose 75 per cent to 67.68 billion yuan, driven by data centre buildouts and proprietary chip deployment.
Aiko TanakaGeneral
Asian Markets Mixed Amid US Economic Worries, Retail Sales Dip
Asian equities saw mixed results as concerns over the US economy overshadowed earlier hopes for stable interest rates. Weak retail sales and consumer sentiment in the US are now shifting investor focus to upcoming earnings from major retailers.
Sarah ChenE-Tailing
Alibaba and ByteDance Divest from Gaming and Retail to Fuel AI Ambitions
Chinese tech giants Alibaba Group Holding and ByteDance are divesting non-core gaming and retail assets to private equity funds, reallocating significant resources to accelerate their push into artificial intelligence development across Asia.
Wei ZhangE-Tailing
US Billionaires Boost Baidu Bets Amid AI Surge, Pull Back from Alibaba and JD.com
Prominent US investors Stanley Druckenmiller and David Tepper are increasing their stakes in Chinese search giant Baidu, driven by its AI advancements. This comes as they reduce or exit positions in other major Chinese e-commerce firms like Alibaba and JD.com.
Maria SantosE-Tailing
Revolutionizing E-Commerce: Alibabas Qwen AI Changes the Game in Online Shopping Experience
Alibaba, the Chinese technology behemoth, is set to revolutionize the way consumers search for products online. The company plans to link its artificial intelligence (AI) system Qwen to Taobao and Tmall’s online catalogues, which together comprise over 4…
Sarah ChenE-Tailing
Alibaba Ramps Up AI Investment Despite Income Dip, Foresees Cloud Business Boom
Alibaba, the Chinese tech behemoth, has announced that its projected artificial intelligence (AI) investment over the next triennium will surpass the initial estimation of 380 billion yuan (US$55.96 billion). This decision has been driven by promising…
Maria SantosE-Tailing
Alibaba’s AI Chatbot Qwen Pauses Amid Surging Coupon Demand in Promotional Blitz
Alibaba’s artificial intelligence chatbot, Qwen, recently hit a snag in its service. An overwhelming response from customers resulted in a suspension of the coupon-issuing function, which in turn interrupted a promotional campaign aimed at expanding Qwen’s…
Minjun ParkE-Tailing
Alibaba’s Qwen AI App Unleashes Food Ordering and Travel Booking Features: A Quantum Leap in Consumer-Facing AI Services
Alibaba Group recently unveiled significant enhancements to its Qwen artificial intelligence (AI) app. The updated capabilities allow users to carry out tasks such as ordering food delivery and making travel reservations directly through the AI chat…
Wei ZhangE-Tailing
Alibaba Revamps Ele.me to Taobao Instant Commerce in Bold Retail Ambition
Alibaba, a renowned Chinese multinational conglomerate, recently unveiled a new name for its popular food delivery service, previously known as Ele.me. This rebranding, which transforms Ele.me into Taobao Instant Commerce, marks a significant shift in the…
Minjun ParkE-Tailing
Alibaba Takes on Global AI Wearables with Quark Glasses: A New Contender in the Meta-Dominated Market
On Thursday, Alibaba announced the release of its Quark artificial intelligence (AI) glasses in China, signalling the tech giant’s entry into the AI wearables market that is currently led by Meta. The headset, priced starting from 1899 yuan (equivalent to…
Maria SantosFinance
Alibaba Veteran Jia Hang Spearheads DCS Group’s Future; Set to Revolutionize Cross-Border Payments
DCS Group, previously known as Diners Club Singapore, has announced the appointment of Jia Hang as its new executive chairman. This represents the most senior leadership addition in the group’s history, underlining its ambition to revolutionise cross-border…
Sarah ChenE-Tailing
Alibaba’s Revenue Surges, Thanks to Fast Delivery and AI Investments: Outpaces Quarterly Estimates
In Tuesday’s quarterly report, Alibaba, the Chinese e-commerce behemoth, exceeded analysts’ revenue predictions. This success was primarily attributed to the company’s significant investments in one-hour delivery services, which attracted more users to its…
Sarah ChenE-Tailing
Alibaba Unveils Ai Chatbot Assistant And Announces Quark Ai Glasses Pre-sales
On Thursday, Alibaba, the Chinese e-commerce giant, unveiled a novel AI chatbot assistant service, amplifying its efforts to solidify its presence in a consumer-centric domain presently dominated by ByteDance and Tencent. Integration of AI Chatbot Into Quark…
Wei ZhangE-Tailing
Alibaba: Innovations And Investments Fueling Growth Amid Asia’s Retail Revolution
The retail landscape in Asia is undergoing a transformative shift, with e-commerce platforms rapidly evolving to meet the dynamic demands of consumers. Amid this digital revolution, Alibaba Group has emerged as a titan, showcasing impressive financial results…