Alibaba Group Holding Ltd (BABA)

Chinese tech giant Alibaba recently introduced an updated version of its AI model, Qwen 2.5, claiming it has outperformed the widely recognized DeepSeek-V3.

Alibaba Group Holding Ltd. (NYSEBABA) ’s Alibaba Cloud, Apple, and Synopsys have joined the board of an industry group working to create an open GPU interconnectivity standard. Composed of many of the biggest players in the global data center and semiconductor segments, the Ultra Accelerator Link (UALink) Consortium was founded last year with the aim of developing standards to enhance multiple GPU interconnectivity.

BEIJING, Jan. 21, 2025 (GLOBE NEWSWIRE) -- QuantaSing Group Limited (NASDAQQSG) (“QuantaSing” or the “Company”), a leading lifestyle solution provider empowering adults to live better and longer, today announced changes in the composition of its board of directors (the “Board”).

Alibaba Group Holding Ltd. (NYSEBABA), one of the world’s largest e-commerce companies, is partnering with E-Mart , a leading retailer in South Korea, to create a major new business. Together, they plan to merge their online platforms, AliExpress Korea and Gmarket, into a joint e-commerce venture. Each company will own 50% of the partnership, making it an equal collaboration.

Alibaba Group Holding Ltd. (NYSEBABA) has sold off its Chinese department store chain Intime and the transaction is set to cost the conglomerate $1.3 billion in losses. Chinese media reports say that Alibaba’s decision to divest Intime is part of a company-wide effort to overhaul its entire business portfolio and focus on just e-commerce.

In recent years, all industries have been highly competitive. Working overtime but experiencing negative performance growth has become the norm. Major Internet companies like Alibaba have carried out large-scale layoffs. ByteDance has cut to the core. Liu Qiangdong of JD.com has let go of the laid-back employees. The bosses and proprietresses of the electronic component businesses in Shenzhen Huaqiangbei are at a loss. However, in this harsh market and dispiriting atmosphere, there is also a breath of fresh air. This year, Kinghelm and SLKOR have continued to maintain a 100% high-speed growth. In July and September, Kinghelm and SLKOR received overproduction awards. Some outstanding employees got a pay raise. The company often organizes team outings and team building activities. Several key employees in the overseas business department went abroad for further study. The "SLKOR Basketball Summer Camp" has continued.

Alibaba Group Holding Ltd. (NYSEBABA) ’s Taobao has reached new heights in the global e-commerce landscape, achieving over $20 billion in gross merchandise value (GMV) in its overseas business this year. This remarkable milestone reflects robust year-on-year growth and positions Taobao as a strong competitor among cross-border e-commerce platforms like Shein, Temu, and TikTok Shop. Despite a lower marketing profile, the Chinese online shopping platform’s innovative strategies and localized services have driven its success, particularly through its free shipping initiative.

On December 11, the 2024 Create@ "Future Mobility" Global Innovation Competition finals came to a perfect end in Shanghai. The competition was guided by the Shanghai Pudong New Area Science and Technology and Economic Committee and the Shanghai Jinqiao Economic and Technological Development Zone Management Committee, and jointly hosted by Shanghai Jinqiao (Group) Co., Ltd., Alibaba Cloud Computing Co., Ltd. and BMW China Service Ltd., and honored by Ruigu Science and Technology Innovation. It aims to gather global wisdom, further promote the innovation and application of technologies such as AI+, new energy vehicles, and Internet of Vehicles, accelerate the intelligent and green transformation of urban travel, and inject strong vitality into industrial upgrading and economic take-off.

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSEBABA) is set to sponsor the upcoming Lunar Year Spring Festival Gala as it steps up efforts to woo budget-conscious consumers. With Alibaba looking to boost its growth rate in a struggling economy filled with competing firms, sponsoring one of the world’s most-watched broadcasts is sure to do some good. Hundreds of millions of viewers watch the Spring Festival Gala every Lunar New Year’s Eve, making it the most-watched event in China .

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba,” “Alibaba Group” or the “Company”) today announced (i) the completion of an offering, on November 26, 2024, of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of:

Alibaba Group Holding Ltd. (NYSEBABA) has fallen short of its quarterly revenue projections amidst pervasive economic uncertainty and waning consumer spending in China that impacted its revenue in the East Asian nation. The Chinese e-commerce and tech giant had an adjusted profit of $2.08 per American Depository Share compared to estimates of $2.05 while its U.S.-listed shares had declined by 0.3%.

The "W2140 World AI+Web3 Expo" was successfully held in Bangkok this week, marking a significant milestone in the global Web3 and AI industries.

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba,” “Alibaba Group” or the “Company”) today announced the pricing of (i) an offering of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of:

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba,” “Alibaba Group” or the “Company”) today announced that it proposes to concurrently offer U.S. dollar-denominated senior unsecured notes (“the USD Notes”) and RMB-denominated senior unsecured notes (the “RMB Notes,” and together with the USD Notes, the “Notes”), subject to market and other conditions. The offering of the USD Notes and the offering of the RMB Notes are not inter-conditional with each other. The principal amount, interest rates, maturity dates and other terms of the Notes will be determined at the time of pricing of the offering.

Youth are closely connected through science, and science advances through the development of youth. Today, the “Universal Gravitation π” showcase and exchange event of 2024 World Young Scientists Summit (WYSS) has officially kicked off at the Olympic Center in the Oujiang District of Wenzhou.

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter ended September 30, 2024.

The "W2140 World AI+Web3 Expo" was successfully held in Bangkok this week, marking a significant milestone in the global Web3 and AI industries.

Taobao and Tmall Group (“Taobao and Tmall”), Alibaba Group's China commerce retail business, announced that it achieved robust growth in Gross Merchandise Volume (“GMV”) and a record number of active buyers during its 16th annual 11.11 Shopping Festival (“11.11” or the “Festival”).

Alibaba Group Holding Ltd.’s (NYSEBABA) research firm DAMO Academy has launched an artificial intelligence (AI) weather forecasting model with enhanced forecasting accuracy. Dubbed ‘Baguan,’ the AI-powered weather forecasting model can predict weather conditions for up to 10 days with hourly updates and much higher accuracy compared to current weather forecasting tools.

Founded in 2021, Aidia International is an innovation-driven advertising agency headquartered at 100 Church Street, 8th Floor, New York, NY 10007, USA. We specialize in delivering cutting-edge advertising and marketing solutions for globally renowned electronics brands, including leaders in the mobile industry such as Apple, Samsung, Xiaomi, Sony, Dell, Honor, LG, and Panasonic. Our annual profitability has seen rapid growth, fueled by advertising investments from these top-tier brands.

Alibaba Group has laid off dozens of employees from its metaverse division, Yuanjing, in light of a decline in the buzz about the metaverse. By restructuring the teams in the Shanghai and Hangzhou offices, the Chinese multinational technology company aims to enhance organizational efficiency. However, despite these cutbacks, the company reassures that its metaverse efforts will continue, focusing on metaverse tools and services for its customers.

As digital globalization advances, China’s entertainment industry is capturing increasing international attention. The latest news highlights Yuewen—known as “China’s Disney”—alongside giants like Tencent, Alibaba and ByteDance, earning a spot in Fortune’s 2024 list of the “China Most Admired Companies”.

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) today announced that it will report its unaudited financial results for the quarter ended September 30, 2024 before the U.S. market opens on Friday, November 15, 2024, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day.

Alibaba Group Holding Limited (NYSEBABA) has taken a prominent position among the e-commerce stocks hedge funds prefer the most. The Chinese e-commerce giant and other players in the country’s online trade sector have seen their stocks appreciate in recent years despite the macroeconomic uncertainties facing China. Alibaba’s performance helped it rank third among the e-commerce stocks most preferred by hedge funds .

Despite the stock market trading at new all-time highs, institutions still find enough reason to buy more enormous stakes in three stocks.