Alibaba

Kai-fu Lee’s AI startup achieves $1 billion valuation in eight months Credit: 01.ai 01.AI, one of China’s leading AI unicorn startups, has been rumored to be disbanded, with its pre-training and card teams reportedly sold to Alibaba. In response, 01.AI founder and CEO Kai-Fu Lee addressed the rumors on his…

Header photo source: Alibaba Group. On January 1, Chinese internet giant Alibaba Group announced through the Hong Kong Stock Exchange its plan to sell its entire 78.7% stake in Sun Art Retail Group, the parent company of hypermarket chain RT-Mart, for up to HKD 12.298 billion (USD 1.6 billion). This…

Alibaba Cloud, RayNeo team up to integrate AI models in ARRead More

Skip to content Consumer-grade AR brand RayNeo held a strategic signing ceremony with Alibaba Cloud on January 2nd. Both parties announced an exclusive strategic cooperation in the field of AI glasses, where the Tongyi series large models will provide exclusive customized technical support for RayNeo’s AI glasses. It is reported…

Sun Art operates 466 RT-Mart hypermarkets across China The new year finds Alibaba Group continuing its retreat from brick-and-mortar retail, with the e-commerce giant on Wednesday announcing plans to sell its controlling stake in Chinese hypermarket operator Sun Art for HK$12.3 billion ($1.6 billion). The buyer of the 73.66 percent…

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