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Alibaba News

27 Aug 2023

China’s Alibaba, S. Korea’s Naver Launch GPT Rival AI Models

Alibaba’s AI models are built upon the company’s large language model called Tongyi Qianwen.

07 Jul 2023

China Fines Jack Ma's Ant Group Whopping $984 Million Amid Tech Crackdown

Founded by billionaire Jack Ma, Ant operates China's ubiquitous mobile payment app Alipay and undertakes consumer lending and insurance products distribution among other businesses. In mid-2020, before its IPO was pulled, it was valued by some investors at more than $300 billion.

18 Jul 2023

China's Alibaba Unveils AI Image Generation Tool To Take On Midjourney, Dall-E

Baidu Inc and SenseTime Group Inc also recently unveiled AI image generators, although generative AI services have yet to receive regulatory approval for wide distribution in China.

25 Jun 2023

Delhi Man Ordered Product In 2019, Receives It After 4 Years In 2023

A man from Delhi told a fascinating incident regarding a product he purchased from the website over four years ago, in the pre-covid era.

23 Jun 2023

World's Wealthiest Professor Who Failed University Entrance Exams 3 Times

Jack Ma is the founder of Alibaba Group. Jack Ma is the 66th richest in the world. Jack was born on October 15th, 1964.

20 Jun 2023

Why Did Alibaba Founder, Jack Ma, Give A Teaching Lesson At Tokyo College?

Jack Ma, gave his first teaching class to the diverse batch of students on June 12, 2023 at the University of Tokyo. He joined the University as the visiting professor. Jack Ma stepped down from Alibaba's CEO position in 2013.

24 May 2023

Alibaba To Make Significant Job Cuts Amid IPO Plans

In March, Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, according to a Nikkei Asia report.

02 May 2023

Where is Jack Ma? Reports Say Alibaba's Founder Is Now A Professor

According to the Financial Times, Ma's most recent action is one of the few public commitments he has made outside of China.

10 Feb 2023

Alibaba Exits India; Sells its Entire Stake Holding in Paytm

Paytm`s shares have been rallying in the last few days since it announced operating profitability in its Q3FY23 results with EBITDA before ESOP cost at Rs 31 crore, significantly ahead of its guidance of September 2023.

13 Jan 2023

Cheers for Paytm shareholders as Alibaba consolidates India exit

Alibaba seems to be making an exit from India as it has sold shares in other investments such as BigBasket and Zomato, sources said, adding that Ant Financial is not going to sell anytime soon.

Alibaba cloud computing

30 Dec 2022

Alibaba rejigs top brass after major server outage; Details inside

Alibaba Group unveiled key senior management changes. The company decided to change after Hong Kong servers suffered a serious outage. Jeff Zhang will no longer serve as President of Alibaba Cloud Intelligence.

30 Nov 2022

Alibaba to sell shares worth $200 mn in Zomato: Report

In August this year, top VC firm Sequoia Capital India had sold 17.2 crore shares of Zomato in two tranches in the open market, lowering down its stake in the online food aggregator to 4.4 per cent from the earlier 6.41 per cent.

30 Nov 2022

Where is Jack Ma? Reports say Alibaba founder living in THIS country

Jack Ma, 58, has largely disappeared from public view since he criticised the Chinese regulators in 2020, accusing the state-run banks of having a pawnshop mentality. and calling for bold new players that can extend credit to the collateral poor.

29 Nov 2022

Remember Alibaba founder Jack Ma? Know where is Chinese billionaire now

Alibaba founder Jack Ma ran into trouble with the Chinese government over violating anti-monopoly regulations. Jack Ma has kept a low profile since 2020 and is now living in Tokyo for about six months. Ma is in Japan with his family. His stay included stints in hot springs and ski resorts in the countryside outside Tokyo and regular trips to the US and Israel.

11 Jul 2022

Alibaba and Tencent shares fall sharply after latest crackdown

Shares of Alibaba and Tencent fell sharply on Monday 5 of Alibaba's and 12 of Tencent's transactions violated anti-monopoly rules Increasing cases of coronavirus also shook investor sentiment: Francis Lun

04 May 2022

'Ma' arrested in China, but what made investors of Alibaba dump $27 billion?

Alibaba stock crashed by 9.4$ Erosion of $27 billion in share value. 'Ma' is the 13th most common surname in China.

13 Oct 2021

Chinese billionaire and Alibaba founder Jack Ma reappears in Hong Kong?

Jack Ma has been meeting business associates in Hong Kong He has been keeping a low profile since a year

31 Aug 2021

Three hours a week: Play time's over for China's young video gamers

China limits video game time for its youth China is a big market for video games

30 Aug 2021

Alibaba sexual assault case: 10 fired for leaking woman's harrowing account

Case pertains to Alibala female staffer. She has accused of sexual assault while on business trip. 10 staffers fired for leaking internal content.

19 Apr 2021

Ant Group explores ways for founder Jack Ma to exit as Beijing piles pressure

Questionsn on future of Ma`s control of Ant. Ma had offered to hand over parts of Ant. Ma`s stake is worth billions of dollars.

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