alibaba Archives

Pinduoduo: Outpacing Alibaba in Market Capitalization

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1 year ago
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PDD Holdings, the parent company of Pinduoduo, a social commerce platform in China, and Temu, an e-commerce fashion marketplace in America, now has a higher market capitalization than Alibaba. With...

Alibaba Reports Impressive 9% Revenue Growth, Advances Business Cloud IPO Strategy

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1 year ago
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Alibaba reported its third-quarter results for September, showing a 9% increase in revenue compared to the same quarter last year, reaching a total of 224,790 million yuan. The company also...

Growth Observed in Alibaba and JD.com’s 11.11 Sales Report, Concealing Figures but Indicating Advancement from the Previous Year

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1 year ago
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Alibaba and JD.com, two major e-commerce giants in China, have revealed sales statistics for Singles’ Day, also known as 11.11, in 2023. However, specific numerical details were not disclosed, only...

Alibaba’s Cainiao Ventures Out: Acquiring Fierce Competitor Best in Logistics Domain

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1 year ago
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Best Inc., a logistics company providing services in China and Southeast Asia, has revealed that it has received an offer to acquire its entire business from CEO and co-founder Shao-Ning...

Alibaba’s Logistics Entity, Cainiao Network, Readies to File for Stock Market Entry in Hong Kong

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1 year ago
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According to Bloomberg, Alibaba is preparing to take its subsidiary company, Cainiao Network Technology, which oversees the logistics business, IPO in Hong Kong. The filing is expected to be submitted...

Daniel Zhang, CEO of Alibaba Cloud, Announces Resignation from Role: An Unveiling of an Epochal Transition towards Company’s Future

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1 year ago
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There have been reports that Alibaba has sent an internal email stating that Daniel Zhang will be stepping down as CEO of the Cloud business division. Zhang had recently taken...

Alibaba Opens Open Source AI Models that Learn Visual Data, Supporting English and Chinese Languages

Posted byby maxmazo
1 year ago
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Alibaba Cloud has introduced a large-scale open source language model called Large Vision Language, which has the ability to understand images and text. Two models, Qwen-VL and Qwen-VL-Chat, have been...