Tuesday , March 5 2024
Home / Tag Archives: alibaba

Tag Archives: alibaba

November 2023: Das sind Singles Day, Black Friday und Cyber Monday

In der Vorweihnachtszeit stolpern Verbraucher weltweit über verschiedene Shopping-Events, die mit verlockenden Angeboten und Rabatten werben. Doch was steckt eigentlich hinter Begriffen wie Singles Day, Black Friday und Cyber Monday? Ein kleiner Überblick. Das sind Singles Day, Black Friday und Cyber Monday In der Vorweihnachtszeit stolpern Verbraucher weltweit über verschiedene Shopping-Events, die mit verlockenden Angeboten und Rabatten werben. Doch was steckt eigentlich hinter Begriffen...

Read More »

Chinese AI Startup Zhipu Secures $342M in Funding from Alibaba, Tencent

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round....

Read More »

Analysts Predict: Generative AI Will Face Reality Check Next Year

CCS Insight predicts that the EU will indeed be the first to introduce specific regulations for AI. CCS Insight, a leading technology research firm has made a bold prediction that generative Artificial Intelligence (AI) is in for a reality check in 2024, as the hype surrounding this transformative technology gives way to the practical challenges it poses. The Cold Shower for Generative AI in 2024 According to recent reports, CSS Insight shared this prediction in its annual roundup of top...

Read More »

Alibaba’s Cainiao Files for $1B IPO on Hong Kong Stock Exchange

The significance of this IPO is further highlighted when considering the expected global ranking of this offering. Cainiao Smart Logistics Network Ltd, the logistics unit of Alibaba Group Holding Ltd (HKG: 9988) has taken a significant step by submitting its A1 filing to the Hong Kong Stock Exchange, aiming to raise at least $1 billion in its Initial Public Offering (IPO). Alibaba to Hold Huge Stake in Cainiao Despite listing Cainiao on the Hong Kong Stock Exchange, Alibaba is set to...

Read More »

Alibaba’s Logistics Arm Cainiao to File for $1B+ Hong Kong IPO

Meanwhile, Alibaba has put a hold on Hong Kong IPO plans for its grocery chain Freshippo. The Alibaba Group’s logistical arm Cainiao Network Technology is set to reportedly file for its Hong Kong Initial Public Offering (IPO) by next week, making it one of Alibaba’s first units to go public. According to sources familiar with the matter, the logistics firm is looking to raise more than $1 billion from the sale share. They added that the valuation has not been decided on and no final...

Read More »

Alibaba Makes AI Model Tongyi Qianwen Open to Public

Alibaba’s development of AI offers significant benefits to the strength of the Chinese technology sector. By making Tongyi Qianwen accessible to the Chinese community, there is potential for widespread innovation if used correctly. Leading Chinese tech company Alibaba has made a significant announcement regarding the accessibility of its AI model Tongyi Qianwen to the public. This decision comes on the heels of what appears to be government approval from the Chinese authorities, allowing...

Read More »

Alibaba Stock Suffers 3% Drop as Daniel Zhang Quits Cloud Business 

In an official statement on Sunday, Alibaba said that Zhang will be replaced by Eddie Wu. Alibaba Group Holding Ltd (HKG: 9988), one of the prominent players in the Chinese technology industry, faced a 3.5% decline in its stock value on Monday following a surprising turn of events on September 10. The company announced that its departing CEO, Daniel Zhang, would not only relinquish his role as chairman of the group as planned but also step down as CEO of Alibaba’s cloud business. Following...

Read More »

Alibaba Cloud Eyes $3B Fundraising Ahead of Hong Kong Debut

Some of China’s state-backed telecommunications companies are keen on investing in Alibaba Cloud, said sources familiar with the matter. Alibaba Group Holding Ltd.’s cloud computing division, Alibaba Cloud, is considering a private round of fundraising from Chinese state-owned enterprises before making a debut in Hong Kong. Sources familiar with the matter stated that Alibaba Cloud is working with advisers to raise about 10 billion yuan to 20 billion yuan ($1.4 billion to $2.8 billion)....

Read More »