Business
Alibaba, Abu Dhabi set to invest in AI startup MiniMax’s US$600 million IPO
CHINESE artificial intelligence (AI) startup MiniMax has secured Alibaba and the Abu Dhabi Investment Authority as key backers in its…
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Alibaba
Business
Alibaba launches Qwen3-Max AI model with more than one trillion parameters
The company has announced plans to invest 380 billion yuan in artificial intelligence-related infrastructure over the next three years…
Business
Alibaba mapping app steps into local business rankings, intensifying competition
Alibaba’s mapping app Amap is moving away from its traditional focus on navigation and encroaching into rival Meituan’s local-lifestyle…
Business
Alibaba falls short of Q1 revenue estimates
It reported total revenue of 247.65 billion yuan in the first quarter ended June, compared with an estimate of 252.92 billion yuan China’s…
Business
Singapore-headquartered Mirxes to join Alibaba, Tencent on Hang Seng Composite Index
Home-grown biotech firm Mirxes will join the Hang Seng Composite Index on Sep 8, the startup announced on Saturday (Aug 23). The Hang Seng…
Business
Alibaba to Baidu lead surge in equity-linked bond sales in Asia
Asian sales of bonds that can be turned into shares have soared in 2025, heading towards multi-year highs, as interest rates remain…
Business
Alibaba movie unit’s pivot, rebrand bring US$2 billion value gain
DAMAI Entertainment Holdings, formerly Alibaba Pictures Group, is shifting its focus from movies production to faster-growing…
Politics
Alibaba chair says Asian firms can seek growth outside US
Alibaba Group Holding chairman Joe Tsai said Asian companies can look to inter-Asia opportunities and the European market for growth as…
Business
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
Business
Electric Hearses In Asia Sure Are Different
Read the full story on Backfire News Call it a cultural thing, because it is, but when we think of an electric hearse what immediately…
News
Alibaba co-founder Jack Ma implicated in intimidation campaign by Chinese regime
The Chinese regime enlisted Jack Ma, the billionaire co-founder of Alibaba, in an intimidation campaign to press a businessman to help in…
News
Alibaba chases international AI users with new Qwen upgrades
The expansion, through its Singapore availability zones, shows Alibaba ramping up an aggressive campaign to lure AI users and developers…
Business
Alibaba preparing for flagship AI model release as soon as April
OpenAI, Google and Anthropic have similarly released a flurry of new models in recent weeks Alibaba Group Holding is planning to release…
News
Alibaba debuts AI model that can process video, audio on phones
The internet company co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade…
Business
Alibaba teams up with BMW to develop AI for cars in China
The carmaker is building a new intelligent personal assistant with enhanced voice recognition and trip planning features Alibaba Group…
Business
Tencent upgrades AI model to compete with DeepSeek, Alibaba
Tencent Holdings unveiled an upgraded artificial intelligence (AI) reasoning model, the latest bid by China’s most valuable company to…
Business
Alibaba makes AI model for video, image generation publicly available
CHINESE e-commerce leader Alibaba said on Wednesday (Feb 26) that its video- and image-generating artificial intelligence (AI) model Wan…
Business
Alibaba rockets more than 14% to boost Hong Kong market
SHARES in e-commerce titan Alibaba soared more than 14 per cent on Friday (Feb 21), extending a blistering rally in Hong Kong’s Hang Seng…
Business
Billionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in…
Business
Alibaba revenue beats estimates as signs of a comeback mount
ALIBABA Group Holding posted its fastest pace of revenue growth in more than a year, reflecting a turnaround in its commerce business and…
Business
Alibaba says to partner with Apple on AI features, sending shares surging
The AI integration comes at a critical time for Apple, which has faced declining iPhone sales in China amid growing competition from…
Business
Alibaba to partner with Apple on AI features, sending shares to 3-year high
ALIBABA will partner with Apple to support iPhones’ AI services offering in China, its chairman said on Thursday (Feb 13), a move likely…
Business
Alibaba becomes China’s new AI darling with US$87 billion rally
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting new life into…
Business
Alibaba named most admired Chinese internet firm by Fortune amid race with DeepSeek
Alibaba Group Holding has been named the world's most admired Chinese internet and retail company, according to the latest rankings by US…