Alibaba Group Holding Ltd. $9988.HK has unveiled a new family of artificial intelligence (AI) models — Qwen3 — built to operate natively on Apple Inc.’s $AAPL MLX architecture, significantly expanding the Chinese tech giant’s international AI footprint. According to a corporate statement published on Monday, the Qwen3 models are now optimized for execution across Apple devices, including iPhones, iPads, MacBooks, and Macs, making this move one of Alibaba's most direct engagements with Western hardware ecosystems to date.
Chinese e-commerce titan Alibaba Group $BABA announced on Monday that its instant retail platform, Taobao Instant Delivery, has exceeded 40 million daily orders just one month after its launch. The service promises delivery within 60 minutes by integrating sellers from Alibaba’s food delivery arm, Ele.me, directly into the core Taobao shopping app. This development forms part of a broader strategic push by Chinese online platforms, investing billions into the rapidly expanding “instant retail” sector — a model revolutionizing consumer expectations for speed and convenience.
Ant Group, the fintech arm of Chinese e-commerce powerhouse Alibaba Group $BABA, is moving ahead with plans to list its overseas division, Ant International, on the Hong Kong Stock Exchange. This move is a strategic effort to boost its global presence and further cement its role in digital financial services beyond China.
Amid intensifying competition in China's artificial intelligence sector, tech giants Alibaba Group $9988.HK and Baidu $9888.HK have launched updated versions of their AI models, aiming to strengthen their positions in the rapidly evolving industry.
Alibaba Group Holding Ltd. has launched an upgraded version of its mobile application Quark, now integrating the latest AI model, Qwen. This update is aimed at maintaining Alibaba's competitive edge in the rapidly evolving artificial intelligence landscape, which is bustling with innovation from Chinese rivals.
JD.com Inc. (JD), one of China’s leading e-commerce platforms, has exhibited its fastest revenue growth in nearly three years. This development follows a shift in Beijing’s economic policy aimed at bolstering consumer spending in the world’s second-largest economy.
In a significant move that could reshape the landscape of artificial intelligence, Chinese e-commerce giant Alibaba $BABA has announced the release of its video and image-generating AI model, Wan 2.1, as open-source software. This decision is poised to increase the model's popularity and ramp up competition within the AI sector. This announcement follows industry disruptions initiated by open-source alternatives, notably those from the startup DeepSeek earlier this year.
Recent developments in the artificial intelligence market are radically reshaping the technology landscape. Reports indicate that industry giants such as Tencent $0700.HK, Alibaba $9988.HK, and ByteDance have significantly increased their orders for the H20 chip from Nvidia $NVDA, which has been specially designed for the Chinese market. This news not only underscores Nvidia’s dominant position globally but also highlights the confidence Chinese companies have in proven technological innovations despite growing competition from platforms like DeepSeek.
Billionaire investor Ryan Cohen has once again captured media attention by increasing his stake in Chinese e-commerce giant Alibaba Group $9988.HK. According to the Wall Street Journal, his position has now grown to approximately one billion dollars, highlighting the company’s strategic significance amid rapid industry developments. This article explores the key facets of this move and its impact on the market.
Alibaba Group Holding Ltd. $BABA has announced plans to invest over 380 billion yuan (approximately $53 billion) in artificial intelligence (AI) infrastructure over the next three years. This move highlights the company’s ambition, co-founded by Jack Ma, to lead in the rapidly evolving field of AI technology and cloud computing.
On Thursday, Alibaba Group Holding Ltd. $9988.HK faced a significant challenge regarding its earnings report. This occurred following a notable surge driven by the company's advancements in artificial intelligence, particularly through DeepSeek. After this announcement, Alibaba's market value increased by more than $110 billion.
