Alibaba

New Range Rover ultra-luxury SUV cost over $150,000 – So China made a baby one that you can buy on Alibaba.com for just $4,000. Supercar Blondie team recently bought the fake Range Rover and compared it with the original British-made flagship SUV.  Following the side-by-side comparison, the Supercar Blondie team…

Alibaba to bet big on small merchants for Singles Day with RMB 2 billion subsidies Credit: Alibaba On December 31, Alibaba Cloud announced a price cut on use of its large language model, with access to the Tongyi Qianwen visual understanding model dropping over 80% across the board. This is…

Grab acquires Cambodia’s Nham24 to expand digital services in the region Grab has acquired the operations of Nham24, a leading food delivery platform in Cambodia, following regulatory approval. This merger aims to bolster the region’s digital economy by expanding services, including food and grocery delivery as well as ride-hailing. Nham24…

Alibaba Cloud suddenly released a major announcement, announcing a price reduction for large models, with the entire line of Tongyi Qianwen visual understanding models reduced by over 80%. This is also the third round of price reductions following two previous reductions in May and September 2024. The person in charge…

Alibaba’s Freshippo reports nine months of profit in a rowRead More

Freshippo has reportedly delayed its planned IPO due to lower valuation Credit: Alibaba Freshippo CEO Yan Xiaolei announced in an internal letter today that the Alibaba-owned grocery chain has achieved double-digit growth based on nine consecutive months of overall profitability, with customer numbers increasing by over 50%. This marks the…

Chinese tech giant Alibaba is doubling down on artificial intelligence to spur the growth of its e-commerce division. Credit: 123RF Alibaba Group announced a major restructuring of its e-commerce business on Thursday, consolidating its domestic and international operations into a single e-commerce division. CEO Eddie Wu, in an internal memo,…

Eddie Wu, CEO of Alibaba Group, has announced a major restructuring in an internal email, combining the company’s domestic and international e-commerce operations into a single business group. Jiang Fan will serve as the CEO of the newly formed group. This restructuring merges the operations of Taotian Group (which includes…

Chinese startup unveils AR glasses featuring Alibaba’s LLMsRead More

Alibaba’s financial performance in Q3 2024 paints a nuanced picture: strong user engagement and transaction volume growth were tempered by declining profitability and market skepticism. The 88VIP membership program expanded significantly, reaching 46 million members with double-digit year-on-year (YoY) growth in a single quarter. Gross merchandise volume (GMV) also climbed…