Alibaba News
Alibaba Group Holding share price surges 7% on unveiling DeepSeek contender
Alibaba Group Holdings saw a 7% increase in shares on March 6 after introducing a new model that matches DeepSeek’s performance using significantly less data.
1 min read6 Mar 2025Alibaba Q3 Results: Chinese retailer posts higher-than-expected revenue of $38.58 billion
Alibaba Group exceeded Wall Street’s revenue expectations for Q3, driven by strong year-end shopping and cost-conscious consumer strategies. Shares rose 2.7% in premarket trading, with international demand and promotions boosting sales.
1 min read20 Feb 2025Qwen 2.5 Max: AI battle heats up as Alibaba claims its new model outperforms Meta and DeepSeek in benchmarks
Qwen 2.5 Max: Alibaba claims its new AI model demonstrates superior performance over competitors such as Meta’s Llama and DeepSeek’s V3, highlighting the competitive pressure from DeepSeek’s rapid rise in the AI market.
1 min read30 Jan 2025Alibaba, Baidu invest in Chinese smart-driving tech company’s near $700 million IPO
Alibaba and search-engine giant Baidu are investing in a nearly $700.0 million equity offering by a Chinese smart-driving firm, indicating rising demand for assets in the rapidly growing market for autonomous driving.
1 min read16 Oct 2024Can Alibaba get the magic back?
China’s e-commerce giant is no longer being stripped for parts. Good
5 min read10 Jul 2024Weekly Tech Recap: OnePlus Nord CE4 5G launch, Alibaba’s rocket-based delivery plan, Disney’s password crackdown, more
This week witnessed major tech developments. Alibaba plans rocket-based deliveries worldwide, Disney to begin password sharing crackdown, Elon Musk aims to retain AI talent, Cert-in warns against Apple’s vulnerability, and launches of Motorola Edge 50 Pro and OnePlus Nord CE4 5G took place.
4 min read6 Apr 2024Alibaba on a mission for lightning-fast delivery: One-hour rocket-based deliveries worldwide next
Alibaba ventures into rocket-based delivery system with Epoch Space, targeting one-hour deliveries worldwide to strengthen its position in the competitive e-commerce industry.
1 min read6 Apr 2024Jack Ma’s Alibaba briefly loses China e-commerce crown to rival PDD, marks shift in industry
A brief switch in positions occurred during Thursday’s trading session, where Alibaba’s market value slipped to around $187 billion, below that of PDD at $188.3 billion
2 min read1 Dec 2023Jack Ma Visits Pakistan; Social Media Abuzz With Business Deal Rumours | Report | In Focus
Almost 3 years since his disappearance in 2020, Jack Ma, the Alibaba founder was seen in the unlikeliest of locations. On June 29th, the high-profile Chinese billionaire was seen in Pakistan! As soon as news of what’s being called a personal visit became public, social media users started speculating about the purpose of his visit. The Express Tribune reported that Ma arrived in Lahore on June 29 and stayed there for around a day. This is his first public appearance since his whereabouts suddenly became unknown to the rest of the world in 2020.
3 Jul 2023Alibaba Group announces new chairman and CEO in surprise succession plan
Alibaba Group Holding Ltd. announces new Chairman and CEO, with Executive Vice Chairman Joseph Tsai as chairman and Eddie Yong as CEO, replacing Daniel Zhang.
1 min read20 Jun 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared