Keywords: Alibaba


Tencent and Alibaba eye DeepSeek stake at over $20 billion valuation

Tencent and Alibaba are in talks to invest in AI startup DeepSeek at a valuation exceeding $20 billion, marking a sharp increase from earlier expectations and signaling rising competition for strategic positions in China’s AI sector. The discussions would represent the first external funding round......

Alibaba’s Qwen3.6 Plus tops AI benchmark as rivals dispute results

Models from Alibaba have posted strong results on the MMLU-Pro benchmark, with Qwen3.6 Plus claiming the top spot on at least one major ranking. However, independently verified evaluations suggest a more contested picture of leadership in language understanding, highlighting ongoing disputes over how......

Alibaba shifts Qwen AI strategy from open source to paid models

Alibaba is moving away from its open-source approach for Qwen, its flagship AI model family, and shifting toward paid, proprietary systems as it seeks stronger revenue growth. The change, first reported by the Financial Times, marks a major strategic pivot that could disrupt a large global developer......

Alibaba shares fall as AI spending pressures trigger target cuts

Alibaba shares declined in Hong Kong after analysts at Jefferies and UBS lowered their price targets, citing rising artificial intelligence costs and widening losses in non-core businesses. The stock fell 2.9 percent to 122.70 Hong Kong dollars, underperforming the broader Hang Seng Index, which slipped......

Alibaba integrates Taobao and Alipay into Qwen AI app for one-click commerce

Alibaba Group Holding unveiled a transformative upgrade to its Qwen AI application on Thursday, seamlessly weaving in powerhouse consumer services such as Taobao, Alipay, the Fliggy travel platform, and Amap mapping directly into a single AI-driven interface. Users across China can now handle everything......

Pentagon urges adding Alibaba, Baidu, and BYD to the US military-linked companies list

The Pentagon has recommended the inclusion of Alibaba Group Holding, Baidu Inc., and BYD Co. on the US government's Section 1260H list, which tracks Chinese companies believed to support the Chinese military. This recommendation was communicated to Congress in a letter dated October 7, just weeks......

China surpasses the U.S. in global open-source AI model downloads

The global landscape for open-source artificial intelligence (AI) models is undergoing a significant transformation as Chinese-developed AI models have outpaced their American counterparts in total downloads for the first time. According to a study conducted by the Massachusetts Institute of Technology......

Alibaba cloud and AI fuel revenue growth despite profit decline

Alibaba Group Holding Ltd. reported second-quarter revenue of 247.8 billion yuan (approximately $35 billion), beating analyst expectations thanks to rapid expansion in its cloud computing and artificial intelligence (AI) businesses. The cloud segment grew by 34% year over year to 39.8 billion yuan, driven......

Schmidt warns Chinese open-source AI models could dominate globally

Former Google CEO Eric Schmidt has issued a stark warning that Chinese open-source artificial intelligence (AI) models could become the global standard, not due to superior quality, but because they are freely available. Chinese AI gains traction Speaking on the Moonshots podcast, Schmidt expressed......