Alibabas

Alibaba's online shopping platforms Taobao and Tmall cancelled their annual December 12 shopping festival and will instead host another shopping spree called 'year-end good price' in December, according to notices on the platforms' websites on Friday.The dates of the new festival were not included in the notice, which was posted in a help section for platform merchants. Alibaba did not immediately respond to a request for comment on the change.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Alibaba has joined the ever-growing list of companies announcing layoffs. The Chinese tech giant is reportedly planning to fire 7% of its workforce from its cloud division. As reported by a news agency, Alibaba is said to announce the job cuts early next week.The report adds that the tech giant has already started informing the employees about the layoffs. The company is also giving some employees the option to join other divisions of the company. Presently, the exact number of employees being fired is not known.The…

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…

Getty Images / StefanSTUDIONBA fans in China can access original online content on Alibaba's Alipay payment platform, including an NBA channel that features user-generated content from local influencers. Under a new partnership between NBA China and Alibaba's fintech business Ant Group, "customized" experiences will be produced for fans of the sport as well as users of Ant's digital platforms. These will include original video content, joint membership, and digital collectibles. The collaboration would facilitate…

NBA fans in China can access original online content on Alibaba's Alipay payment platform, including an NBA channel that features user-generated content from local influencers. Under a new partnership between NBA China and Alibaba's fintech business Ant Group, "customised" experiences will be produced for fans of the sport as well as users of Ant's digital platforms. These will include original video content, joint membership, and digital collectibles. The collaboration would facilitate NBA's digital engagement with its…

Alibaba's founder Jack Ma will cede control of its fintech affiliate, Ant Group, as part of changes the company says aim to improve its corporate governance and transparency. The "adjustment" to the shareholding structure will see changes to the voting rights of its major shareholders, including Ma, according to a statement released Saturday by Ant. The Chinese fintech company said Ma holds a controlling stake and voting rights via Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Investment Partnership.…

by sirisha November 30, 2022 AI models speak Chinese better with improved NLP technology. Now no more faux pas with the Chinese雷雨天气 请勿拨打手机 Thunderstorms do not call cell phones’, reads a Chinese signboard. Funny but in case you do not get the context, definitely it will cost your life. Losing in translation happens with every language and most of the time it is not a pleasant experience. It will not anymore, at least with Chinese, because from now onwards, the Chinese language can be translated better as researchers…

Chinese e-commerce company Alibaba Group Holding Ltd. BABA -4.49% reported one of its weakest revenue expansions since going public, underscoring the persisting weight of Beijing’s zero-Covid policy on domestic consumption and business activities.The Hangzhou-based company said Thursday that its July-September quarter revenue rose 3% from the same period year earlier, marking a return to growth from the slim dip in the previous quarter when widespread pandemic lockdowns…

Alibaba unit Lazada Group is seeing a slight pullback in higher-ticket items including electronics as the annual mega-sales event Singles’ Day kicks off. Alibaba Group Holding Ltd.'s Southeast Asia e-commerce unit Lazada Group is seeing a slight pullback in higher-ticket items including electronics as the annual mega-sales event Singles' Day kicks off.Consumers are being more cautious when spending on high-ticket items such as very expensive electronics, Lazada Chief Business Officer James Chang said in an interview…

Nvidia's Hopper, its latest generation of GPU design, showed up in the MLPerf benchmark tests of neural nets hardware. The chip showed admirable scores, with a single-chip system besting some systems that used multiple chips of the older variety, the A100.  NvidiaIncreasingly, the trend in machine learning forms of artificial intelligence is toward larger and larger neural networks. The biggest neural nets, such as such as Google's Pathways Language Model, as measured by their parameters, or "weights," are clocking in…