Alibaba Group's Hong Kong-listed shares plunged nearly 10% to approximately HK$111-112.10 after the company announced a record HK$80 billion primary share placement, pricing 710 million new shares at …
Alibaba launched Wan3.0, a video-generation model that can create clips up to 30 seconds long from documents, spreadsheets, slides, and web pages, available through Alibaba Cloud's Model Studio and AP…
Alibaba Group Holding Ltd. launched its latest AI video generation model Wan3.0 on Monday, capable of generating 30-second videos from documents, spreadsheets, slides, and web pages, following a $10 b…
Alibaba Group Holding Ltd. priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.21 billion), with the transaction expected to close on Aug. 26.…
Alibaba Group Holding Ltd. shares fell 8% in early Hong Kong trade on Monday after the company finalized a HK$80 billion ($10.21 billion) share placement at HK$112.70 per share, pricing 710 million ne…
Alibaba Group Holding Ltd. announced a $10.2 billion share placement in Hong Kong, its largest-ever equity offering, to fund full-stack AI capabilities including custom chips, data centers, and AI mod…
Alibaba Group Holding Ltd. reported RMB268.95 billion in revenue for the quarter ended June 30, up 9% year on year, while net income attributable to ordinary shareholders fell 76% to RMB10.54 billion.…
Alibaba Cloud plans to increase its use of self-developed chips to replace Western commercial chips, aiming to shorten the payback period for AI hardware to 2.5 years, according to CFO Toby Xu and CEO…
Alibaba Group Holding Ltd. reported fiscal first-quarter revenue of 268.95 billion yuan ($40 billion), up 9% year-over-year and narrowly beating analyst estimates, but net income plunged 75% to 10.44 …
Alibaba Group Holding Ltd. reported a 45% increase in cloud revenue for the quarter ended June 30, 2026, even as heavy spending on artificial intelligence infrastructure weighed on overall profitabili…
Alibaba Group Holding Ltd. reported adjusted earnings of $1.26 per share for the first quarter of its fiscal year, missing analyst expectations of $1.61 per share, while sales reached $39.6 billion ag…
Alibaba Cloud's Qwen 3.8 27B open-weights model delivers roughly double the intelligence and capability of last year's OpenAI gpt-oss models on the same hardware, according to software engineer Willia…
Alibaba Cloud has launched its third data center in South Korea, expanding its global network to 104 availability zones and introducing six Agentic AI services for local enterprise customers, accordin…
Shengshu Technology, the Alibaba-backed generative AI startup behind the Vidu video generation tool, is considering a Hong Kong IPO targeting at least $500 million in proceeds. Founded in March 2023 w…
Chinese cloud provider UCloud has deployed servers running Hygon's Tianxi series AI accelerators on its public-cloud platform, marking the first large-scale public-cloud rollout of the domestic chip s…
Alibaba Cloud launched Fun-Music, a beta AI music-generation model that creates complete songs with lyrics, melody, arrangement, and vocals from text prompts, available in limited preview to users in …
Alibaba Group Holding Ltd. is nearing a deal to sell its gaming division, Lingxi Games, to Asian private equity firm Trustar Capital for at least $1.5 billion, as the e-commerce giant sheds non-core a…
Alibaba's Qwen family of AI models has surpassed 3 billion global downloads, accounting for more than 50% of all open-source model downloads worldwide, outpacing Meta's Llama and DeepSeek. The milesto…
The Biden administration's new 'Pax Silica' policy forces East Asian allies to choose between American and Chinese AI ecosystems, threatening Japanese conglomerates like SoftBank and NEC that rely on …
Alibaba's Qwen team released open weights for the Qwen3.8-27B, a 27-billion-parameter multimodal model designed for local deployment on consumer hardware with around 24GB of VRAM, such as an NVIDIA RT…