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Alibaba

Alibaba’s Quark developing new AI project seen as rival to ByteDance’s Doubao Alibaba

Alibaba’s Quark developing new AI project seen as rival to ByteDance’s Doubao

Alibaba’s Quark business unit is developing a new AI initiative internally codenamed “Plan C,” according to Chinese tech media Sina Tech. The project is led by Quark’s core team with support from Alibaba’s Tongyi Lab and focuses on conversational AI products, with the first results expected soon. Sources said “Plan…
bubmag
October 21, 2025
Alibaba and Ant Group to establish Hong Kong headquarters with $925 million office purchase Alibaba

Alibaba and Ant Group to establish Hong Kong headquarters with $925 million office purchase

Alibaba Group and Ant Group jointly announced on Friday that they will invest about $925 million (RMB 6.6 billion) to purchase 13 floors of office space at One Island East in Hong Kong’s Causeway Bay, where the two companies will establish their new Hong Kong headquarters. The companies said the…
bubmag
October 19, 2025
Alibaba-backed Ant Group and JD.com freeze stablecoin plans after Beijing intervenes: FT Alibaba

Alibaba-backed Ant Group and JD.com freeze stablecoin plans after Beijing intervenes: FT

Regulation Home » Regulation » Alibaba-backed Ant Group and JD.com freeze stablecoin plans after Beijing intervenes: FT Powered by Gloria | Edited by Vivian Nguyen Oct. 19, 2025 Regulatory pressure signals Beijing’s determination to maintain financial control and prevent private sector dominance in digital asset innovation. Key Takeaways Alibaba's Ant…
bubmag
October 19, 2025
Alibaba, Ant Buying Top Half of Mandarin Oriental Causeway Bay Tower for $925M Alibaba

Alibaba, Ant Buying Top Half of Mandarin Oriental Causeway Bay Tower for $925M

One Causeway Bay will be getting some Alibaba-flavoured rooftop signage (Image: Kohn Pedersen Fox) Chinese e-commerce giant Alibaba Group and its Ant financial affiliate have agreed to buy the top 13 floors of Mandarin Oriental Hotel Group’s nearly completed Causeway Bay commercial tower for $925 million in Hong Kong’s biggest…
bubmag
October 17, 2025