Alibaba Group Holding

Chinese companies racing to catch up with American AI leaders get creative as U.S. sanctions cut them off from the most advanced chips. Chinese companies racing to catch up with American AI leaders get creative as U.S. sanctions cut them off from the most advanced chips. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to…

China is working on a pilot programme to insert chips in the bikes of delivery boys to regulate the quick food and grocery delivery industry and gig economy in the country via actively monitoring violations, the media reported on Thursday.According to South China Morning Post, Beijing's transport authority plans to install chips on electric bikes used by couriers and food delivery riders to improve track road traffic.A pilot programme is set to be launched in Beijing this year and the officials will amend local rules for…

Despite having stepped down as executive chairman of Alibaba in 2019, Mr. Ma remained an influential figure at the company and is active in deciding its strategy, the people said. In recent months, he held calls with Alibaba’s top executives, including the current chairman and chief executive Daniel Zhang, urging them to split up the company, saying it would make it more nimble and competitive in China’s increasingly crowded market, the people said. Mr. Ma on Monday made a surprise visit to…

Chinese tech giant Alibaba Group Holding Ltd. BABA -0.90% plans to split its business into six independently run entities, the biggest structural overhaul in its history—announced a day after co-founder Jack Ma was seen back in mainland China after almost a year overseas. Alibaba Group will become a holding company overseen by current Chairman and Chief Executive Daniel Zhang,…

Shanghai-based RISC-V chip technology company StarFive said on Thursday that it has received a strategic investment from Chinese search giant Baidu Inc. The company added that to date it has raised 1 billion yuan ($146.46 million) in financing, calling that a first for the domestic RISC-V sector. The investment reflects a growing trend among Chinese tech giants to pour resources into RISC-V, an open-source technology that some analysts say is less susceptible to sanctions, as Beijing works to fend off mounting export…

A US judge said Alibaba Group Holding Ltd, the Chinese e-commerce giant founded by Jack Ma, must face claims it defrauded shareholders about its alleged monopolistic practices, but dismissed claims over a shelved initial public offering for its Ant Group affiliate. In a 31-page decision on Wednesday, US District Judge George Daniels in Manhattan also dismissed all claims against the billionaire Ma, including for insider trading. Shareholders accused Alibaba of concealing regulatory concerns about an IPO for Ant, which…

Alibaba’s quarterly revenue rose 2% from a year earlier to the equivalent of $35.9 billion, slower than the 3% expansion in the previous quarter, the company said Thursday.  Net income attributable to ordinary shareholders was the equivalent of $6.8 billion, up 69% from the same period a year before. Alibaba’s net profit was dented a year before partly due to an impairment of goodwill related to its digital media and entertainment segment.  While the revenue results were largely in line with forecasts,…

The viral popularity of ChatGPT has stirred a frenzy within China where tech companies, battered by a two-year regulatory clampdown and the Covid-19 pandemic, have been seeking new sources of growth. Search engine owner Baidu Inc., e-commerce giant Alibaba Group Holding Ltd. and social-media conglomerate Tencent Holdings Ltd. are among those that have announced investments to develop their own equivalents to the artificial-intelligence chatbot, which isn’t available in China. Stocks of other…

Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. BABA 3.41% worth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.  While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors…

SINGAPORE—Chinese internet giant Alibaba Group Holding Ltd. BABA 3.41% started allowing shoppers in Europe to pay for purchases on its international e-commerce platform only after receiving their merchandise, in an attempt to boost global sales as growth at home slows.  On Monday, a fintech company called Splitit Payments Ltd. SPT 22.22% said it would join with Ant Group Co.’s Alipay…