Alibaba

SoftBank may cut its stake in Alibaba to just 3.8%, the Financial Times recently reported. ...Read More

Alibaba plans to re-separate Tmall and Taobao after fully integrating the two e-commerce businesses just over a year ago, local media outlet LatePost reported on Wednesday. The move to freshly divide two of its flagship businesses is a continuation of Alibaba’s landmark restructuring announced in late March, which will see…

Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images Alibaba shares dropped nearly 3% in after-hours trading after regulatory files revealed that SoftBank has sold a majority of its stake…

Amid the flurry of Baidu and Alibaba announcing AI products, China has been quick to propose regulation over the burgeoning generative AI industry. Why you should keep your own scoreboard at work AI products developed in China must undergo a “security assessment” before being released to the public, according to…

Over the last few months, the world’s two biggest economies have been racing to showcase their generative AI capabilities. ChatGPT, Midjourney, the new Bing and others have captivated tens of millions of users around the world. In China, entrepreneurs are racing to match their American counterparts. Baidu rolled out a…

CCP + AI — Regulator warns AI-created content should embody "socialist values." Ryan McMorrow and Nian Liu, Financial Times - Apr 11, 2023 1:00 pm UTC China proposed new checks on artificial intelligence chatbots on Tuesday, in an effort to control how its tech industry rolls out generative AI models,…

E-commerce giant Alibaba is close to rolling out the beta version of its ChatGPT rival, Tongyi Qianwen, for Chinese enterprise customers.  Alibaba (NYSE: BABA) appears set to roll out its ChatGPT rival product Tongyi Qianwen as the race for AI dominance heats up. At Tuesday’s Alibaba Cloud Summit, the Chinese e-commerce giant…

Chinese tech giant Alibaba is set to roll out its own ChatGPT-like model of artificial intelligence named Tongyi Qianwen across its e-commerce business, executives said on Tuesday. Tongyi Qianwen loosely means seeking the truth from a thousand questions. The chatbot, which can answer in English and Chinese, and will initially…

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ByteDance, the Chinese parent company of popular social media app TikTok, has reported record profits of USD 25 billion for 2022, surpassing those of tech giants Tencent and Alibaba for the first time. Despite ongoing losses in the TikTok business unit, ByteDance’s earnings before interest, taxes, depreciation, and amortization (EBITDA)…