Tag: Alibaba
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Alibaba chair buys another 720,000 company HK shares
BEIJING, Aug 25 : Alibaba chairman Joe Tsai purchased another 720,000 Hong Kong-listed shares of the company on Tuesday, two days after the Chinese e-commerce and cloud computing giant launched a heavily discounted HK$80-billion ($10.2 billion) share sale to fund its AI ambitions. Tsai bought the stocks at a
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Alibaba launches Wan3.0 AI video model after $10 billion share sale
BEIJING, Aug 24 : Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending.• The new model can generate 30-second videos from documents, spreadsheets, slid
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Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI
SHANGHAI, Aug 24 : The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors worried about payback from its massive AI spending.Alibaba said on Sunday its HK$80 billion ($10.21 billion) share placeme
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Alibaba shares fall 8% after $10 billion Hong Kong share sale
Aug 24 : Alibaba shares fell 8 per cent in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development.The Chinese e-commerce and cloud computing company priced 710
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Alibaba unveils its largest AI model yet, DeepSeek’s latest model is ultra-low cost
The developments highlight the rapid advancement of artificial intelligence by Chinese tech firms as Alibaba and DeepSeek aim to gain traction among global developers.
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Alibaba to pay $600 million to resolve US drug sales probe
WASHINGTON, July 1 : Chinese technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve allegations that they failed to prevent illegal drug sales, the U.S. Justice Department said on Wednesday.The companies entered into non-prosecution agreement
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Anthropic accuses Chinese rival Alibaba of illicitly extracting AI capabilities
The firm alleged that Alibaba used fraudulent accounts to access data from its Claude AI model.
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E-commerce giant Alibaba sues US government over defence blacklist
The e-commerce giant is suing the US defence department after it was added to a blacklist of firms with ties to the Chinese military.
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Alibaba sues US Department of Defense for branding it a ‘Chinese military company’
June 23 : Chinese tech and e-commerce giant Alibaba sued the U.S. Department of Defense for designations including saying it was a “Chinese military company,” according to a court filing on Tuesday. “The determinations have no basis in fact or law,” Alibaba said in its lawsuit. “Alibaba is governed by an ind
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Why Alibaba, Baidu and BYD are on Pentagon’s list of ‘Chinese military companies’
The newly updated index offers a glimpse into how Washington views the relationship between China’s commercial sector and military development as geopolitical competition intensifies, say analysts.
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