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 75% year-over-year decline in net income for the quarter ended June 30, while capital expenditure on AI infrastructure rose 75% to 67.68 billion yuan, Reuters and…
Alibaba reported a 75% drop in quarterly profit to 10.5 billion yuan ($1.6 billion) for April-June, as capital expenditures on AI infrastructure jumped 75% to 67.7 billion yuan (about $10 billion). Re…
Alibaba Group Holding Ltd. expects its AI product revenue to reach $10 billion next quarter, driven by triple-digit year-over-year growth for twelve consecutive quarters in its Cloud Intelligence Grou…
Alibaba Group Holding Ltd. reported a 75% drop in net income to 10.5 billion yuan ($1.6 billion) for the June quarter, driven by a 75% surge in capital expenditure to 67.7 billion yuan ($10 billion) o…
Alibaba Group Holding reported a 9% jump in revenue to nearly 269 billion yuan (US$40 billion) for the quarter ended June, driven by demand for its cloud computing from China's AI boom, but net income…
Alibaba Group Holding Ltd.'s net income plunged more than 75% to 10.5 billion yuan ($1.6 billion) in the latest quarter, despite a 9% revenue jump, as the company ramped up AI spending and faced a Chi…
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. (NYSE: BABA) reports fiscal Q1 2027 earnings on Aug. 20 before market open, with shares trading at a trailing P/E of 19 and a forward P/E of 20, a PEG of 0.517, and analyst …
Alibaba launched Happy Shrimp 1.0, an AI music generator developed by its Token Hub division, in partnership with TAIHE MUSIC GROUP, allowing users to create fully produced songs from text prompts for…
Alibaba Group Holding Ltd. agreed to sell its video game development arm Lingxi Games, the studio behind the mobile hit Three Kingdoms: Strategy Edition, to private-equity firm Trustar Capital for bet…
Alibaba released Qwen3.8-27B under the Apache 2.0 license and opened the weights for its flagship Qwen3.8-Max model on August 17, according to CNBC. The 27B model has 27,781,427,952 BF16 parameters an…
Alibaba Group Holding Ltd. is selling its gaming subsidiary Lingxi Games in a deal valued at more than $2 billion, according to Reuters, as the Chinese tech giant focuses on artificial intelligence an…
Alibaba Group Holding is selling its gaming arm, Lingxi Games, to Asian private equity firm Trustar Capital in a deal worth at least US$1.5 billion, according to an internal memo reviewed by Bloomberg…
Alibaba's Qwen project scheduled the release of Qwen3.8-27B, a dense 27-billion-parameter vision-language model, for August 14, 2026, according to a countdown post from the official Qwen account. The …
Guangdong province signed a strategic cooperation framework with Alibaba (China) Co., Ltd. on August 13 to advance AI, semiconductors, and computing infrastructure, with provincial leaders urging deep…
Alibaba released Qwen3.8-Max on August 2nd, a mixture-of-experts model with 2.4 trillion total parameters and 95 billion active parameters, available immediately through QwenCloud with open weights pr…
Alibaba Group Holding Ltd. released Qwen3.8-Max-Preview, a coding and office-work model, exclusively through its Alibaba Cloud Token Plan on July 19, with an August 3 promotional post calling it 'A Ne…
Alibaba's Qwen team announced on July 31st the release of Qwen-Audio-3.0-ASR-Flash, a speech-recognition service designed to improve domain-term recognition and structured transcript generation. In in…