Alibaba
- INDIAINDIA · 2 min
Alibaba shares fall 11% after $10.2 billion share placement for AI
Alibaba shares dropped 11% on August 24 after the company announced a HK$80 billion ($10.2 billion) share placement to fund its artificial intelligence expansion.
24 Aug, 01:28 pm IST - GLOBALGLOBAL · 2 min
Alibaba raises $10.2 billion in share placement to fund AI development
Alibaba Group raised $10.2 billion through a share placement in Hong Kong to finance its AI-related projects, the company announced on Sunday.
24 Aug, 09:28 am IST - GLOBALGLOBAL · 1 min
Alibaba launches $10.2 billion share sale to boost AI capabilities
Alibaba Group Holding launched a new share issue worth HK$80 billion (₹95,000 crore or US$10.2 billion) in Hong Kong on Sunday, with all proceeds dedicated…
23 Aug, 07:28 pm IST - FUNDINGFUNDING · 2 min
Alibaba sells Lingxi Games for over $2 billion to focus on AI
Alibaba is selling its video game development arm, Lingxi Games, for more than $2 billion to private-equity firm Trustar Capital, marking its exit from in-house game development.
18 Aug, 03:28 pm IST - AIAI · 2 min
Alibaba AI models surpass 3 billion downloads, outpacing Meta and Google
Alibaba Group Holding’s open-weight AI models have surpassed 3 billion global downloads in the past six months, overtaking Meta Platforms Inc. and Alphabet Inc.
16 Aug, 07:28 am IST - GLOBALGLOBAL · 1 min
EU fines Alibaba’s AliExpress €550 million for illegal product sales
The European Union has fined Alibaba-owned AliExpress a record €550 million ($630 million) for failing to prevent the sale of illegal, counterfeit, and unsafe products on its platform.
20 Jul, 07:28 pm IST - AIAI · 2 min
Apple Intelligence launches in China with Alibaba’s Qwen AI integration
Apple Intelligence has received approval to launch in China through a partnership with Alibaba’s Qwen AI, according to techcrunch.com.
15 Jul, 09:22 pm IST - FUNDINGFUNDING · 2 min
Alibaba bids $1.5 billion for China grocer Pupu in Meituan fight
Alibaba has placed a $1.5 billion bid to acquire China-based grocery platform Pupu, intensifying its competition with Meituan in the online grocery sector, according to economictimes.indiatimes.com.
15 Jun, 12:08 pm IST - AIAI · 2 min
Alibaba launches Open Code Review, an AI-powered code review tool
Alibaba has released Open Code Review, an AI-powered command-line interface (CLI) tool designed to enhance code review processes.
05 Jun, 12:05 pm IST - STARTUPSSTARTUPS · 2 min
From Saudi Aramco to Alibaba: 7 biggest IPOs before Elon Musk’s SpaceX market debut
Elon Musk’s SpaceX is preparing for an initial public offering (IPO) that could become the largest in history, with a potential valuation nearing $2 trilli…
21 May, 08:56 am IST