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Alibaba - 2 AliExpress - 2 Eddie Wu - 2 Zhang - 2 Alibaba Cloud - 1 Zhou - 1 OpenAI's - 1 Yinglan Tan - 1
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Huangpu District Shanghai China Hong Kong Taobao monetization Alibaba Pakistan
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Alibaba - 2 European Union - 1 Digital Services - 1 European - 1 DSA - 1 Nurphoto - 1 Getty - 1 Digital Commerce - 1

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☆ Alibaba rolls out latest version of its large language model to meet robust AI demand
  + stars: | 2024-05-09 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +1 min
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Alibaba Cloud said on Thursday it released the latest version of its large language model after more than 90,000 deployments by companies. Alibaba Cloud said the latest version of its Tongyi Qianwen model, Qwen2.5, possesses "remarkable advancements in reasoning, code comprehension, and textual understanding compared to its predecessor Qwen2.0." Large language models power artificial intelligence applications like OpenAI's ChatGPT. The latest Qwen model fares better than OpenAI's GPT-4 model in language and creation capabilities, but fell short in other categories like knowledge, reasoning and math, according to a March analysis by large language model evaluation platform OpenCompass.
Persons: Alibaba Cloud, Zhou, Alibaba, OpenAI's Locations: Huangpu District, Shanghai
☆ EU opens probe into Alibaba's AliExpress over illegal content, pornography on platform
  + stars: | 2024-03-14 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. The Commission, the executive arm of the European Union, opened the probe into AliExpress under its landmark Digital Services Act, which came into effect this month. The European Commission on Thursday said it opened a formal investigation into AliExpress, an international e-commerce website run by Chinese tech giant Alibaba , over concerns surrounding the dissemination of illegal content. Other areas of the probe include how AliExpress recommends products to users and whether the e-commerce site complies with a rule that allows a searchable repository of ads that are provided on the platform. This is the third formal probe under the DSA, following those opened into TikTok and social media platform X.
Persons: AliExpress Organizations: European Union, Digital Services, European, DSA Locations: Huangpu District, Shanghai
☆ Alibaba bets on overseas e-commerce unit amid sluggish growth in China
  + stars: | 2024-02-20 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +5 min
Costfoto | Nurphoto | Getty ImagesChinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. James Dong, CEO of Southeast Asian e-commerce giant Lazada Group, was named as Daraz's acting CEO. Dong took over as Lazada Group CEO from Chun Li in June 2022, after running the company's Thailand and Vietnam operations. Intense competitionThe e-commerce business that once propelled Alibaba to success has run into challenges with upstart competitors such as PDD, while consumption growth in China remains sluggish. Alibaba posted 9% year-on-year revenue growth in the third quarter to about $31 billion.
Persons: Eddie Wu, Yinglan Tan, AliExpress, Bjarke Mikkelsen, Jan, James Dong, Lazada, Tan, Alibaba, Zhang, Dong, Chun Li, Li, Pierre, Lucy Peng, PDD Organizations: Nurphoto, Getty, Digital Commerce, Tmall, Tmall Group, Alibaba, Ventures, Lazada, CNBC, Ventures Partners, Alibaba Group, PDD Holdings, Hong Kong, HK Locations: Huangpu District, Shanghai, Taobao, monetization, Alibaba, Pakistan, Asia, China, Thailand, Vietnam, Hong Kong
☆ Alibaba says Eddie Wu to succeed Daniel Zhang as CEO in surprise move
  + stars: | 2023-06-20 | by ( Clement Tan Arjun Kharpal | Clement Tan | Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
The logo of the Alibaba office building is seen in downtown Huangpu District in Shanghai, China, June 16, 2023. Alibaba Group said in a surprise announcement Tuesday Eddie Wu will succeed Daniel Zhang as its chief executive, a move that will free Zhang to focus on the company's cloud intelligence business. "As everyone is well aware, the development of core technologies such as cloud computing, big data and AI will lead to a tremendous transformation of our society and is of utmost strategic significance," Zhang said in an internal memo to Alibaba staff. "Cloud Intelligence Group is now full speed ahead on its spin-off plans and we are approaching a crucial stage of the process, so it is the right time for me to dedicate my full attention and time to the business," he added. Alibaba shares pared losses after the announcement and were trading down 1% in Hong Kong on Tuesday afternoon.
Persons: Eddie Wu, Daniel Zhang, Zhang Organizations: Alibaba, Cloud Intelligence Group Locations: Huangpu District, Shanghai, China, Beijing, Hong Kong
☆ As China abandons zero-Covid, what will the economy look like in 2023?
  + stars: | 2022-12-29 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
And with the global economy now facing significant challenges, including energy shortages, slowing growth and high inflation, China’s reopening could provide a much-needed and timely boost. China’s historic property downturn and a potential global recession could also cause more headaches in the new year, they added. They expect China’s economy to contract by 0.8% in the first quarter of 2023, before rebounding in the second quarter. Trade had powered much of China’s economic growth earlier this year, as exports were boosted by rising prices of the country’s goods and a weaker currency. “But a looming global recession means they probably have further to fall over the next few quarters.”
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