Alibaba Group
Alibaba Group is one of the largest internet companies in the world. Headquartered in Hangzhou, China, Alibaba is best known for its Chinese marketplaces, Taobao and Tmall. Alibaba also has a stake in its spin-off payments app, Alipay, which is run by Ant Financial.
Alibaba was founded by Jack Ma, then an English teacher, in 1999.
Ant International raises $1.2b in series A
Ant International said it began operating independently in 2024 and runs businesses across Asia, Europe, the Middle East, and Latin America.
Minh Le · · 1 min read
Infra state of mind
NextDC, Aisphere, Udaan, and more raised funds this week.
Stefanie Yeo · · 6 min read
Anext Bank eyes GPU financing as SG digibank competition heats up
CEO Kai Qiu explains why the company sees AI infrastructure financing as an attractive revenue stream.
Benjamin Cher · · 5 min read
Alibaba forms CEO-led tech committee to boost AI push
Alibaba also turned its Tongyi Laboratory, which develops the Qwen large language models, into a Tongyi Large Model Business Unit.
Naomi Li Gan · · 2 min readChinese AI lab DeepSeek to run v4 on Huawei chips
Chinese tech giants, including Alibaba Group, ByteDance, and Tencent Holdings, have placed bulk orders for Huawei’s upcoming chip.
Naomi Li Gan · · 2 min readAlibaba net income drops 66% as quick commerce investment rises
This comes as the tech giant’s revenue rose 2% year-on-year to US$41.4 billion.
Aiko Gao Ishida · · 2 min readAlibaba forms AI task force after Qwen lead resigns
The task force includes Zhou Jingren, chief technology officer of Alibaba Cloud, and Wu Zeming, head of the firm’s food delivery business.
Naomi Li Gan · · 2 min readAlibaba shares drop after Pentagon blacklist listing
The Pentagon’s list first published in 2021 names over 130 entities across various sectors.
Aiko Gao Ishida · · 2 min readAlibaba partners Chinese nuclear firm for data center power
Alibaba has earmarked over US$53 billion for AI research and data center development.
Aiko Gao Ishida · · 2 min readAlibaba’s Qwen AI tops 700 million downloads on Hugging Face
Qwen downloads in December surpassed the combined total of the next eight most popular models on Hugging Face.
Grace Priscilla Teo · · 2 min read