Alibaba Releases Smaller, Cost-Effective Qwen AI Model
Alibaba Group Holding Ltd. released the latest model under its popular Qwen series, a lower-priced platform aimed at driving adoption of its marquee AI offering globally.
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Alibaba Group Holding Ltd. released the latest model under its popular Qwen series, a lower-priced platform aimed at driving adoption of its marquee AI offering globally.
Alibaba Group Holding Ltd. shares rose by 5%, their biggest jump in two weeks, following the launch of a new e-commerce merchant platform by Alipay, boosting optimism ahead of its June quarter earnings.
JD.com Inc. reported better-than-expected quarterly profits, benefiting from a cooling food delivery competition with rivals like Alibaba Group Holding Ltd. and Meituan amid regulatory curbs. This indicates a more stable market environment for the e-commerce giant.
Alibaba Group Holding Ltd. reported a 75% decline in its latest quarterly profit, attributed to substantial investments in artificial intelligence, which reached $10 billion.

Alibaba Group Holding Ltd. has introduced the beta version of HappyShrimp, an artificial intelligence model capable of generating fully produced songs from a single text prompt, expanding its generative AI efforts.
The former lead architect of Alibaba Group Holding Ltd.'s flagship AI model has founded a new startup focused on building AI agents, securing significant backing from Tencent Holdings Ltd. and other Chinese venture capital firms.
Alibaba Group Holding Ltd. reported a 9% increase in revenue, propelled by a surge in demand for its cloud computing capacity driven by China's booming AI development.
Asian private equity firm Trustar Capital is reportedly nearing a $1.5 billion deal to acquire Alibaba Group Holding Ltd.’s video game business.
Alibaba Group Holding Ltd. has unveiled its latest flagship AI model, Qwen3.8-Max, claiming benchmark scores that position it alongside top global competitors like Anthropic's Fable.