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Alibaba Newsroom
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Express News | Alibaba released a report on large models: high-intensity investment in AI infrastructure construction over the past year.
South Korea's Shinsegae to Set up Joint Venture With Alibaba International
Express News | A state government in Nigeria claims that a military aircraft mistakenly bombed civilians, resulting in 10 deaths.
Alibaba expands its territory with a $4 billion acquisition of a South Korean company, intensifying competition in the online retail sector.
According to informed sources, Alibaba Group Holding Limited is about to reach an agreement with E-Mart Inc. to merge its E-Commerce platform for South Korea to better compete in the fast-paced online retail sector in the country.
Express News | South Korea's Shinsegae to Set up Joint Venture With Alibaba International -Yonhap
Alibaba And E-Mart Near US$4 Billion Merger Deal In South Korea
Express News | RPT-Alibaba Is Said to Near $4 Billion Deal With Korea’s E-Mart - Bloomberg News
Express News | It is reported that Hu Yunhua has joined Zhihub as the head of Zhihub Qingyan, with no official response so far.
Express News | Hema opened 72 new stores in 2024.
On December 23, Alibaba spent 32.2613 million USD to repurchase 3.0653 million shares.
Alibaba-W (09988) announced that on December 23, 2024, it will spend 32.2613 million USD to repurchase 3.0653 million shares, with a repurchase price of 10.35-10.62 USD per share.
Research and development investments are close to the combined sum of BAT! Does ByteDance want to become China's OpenAI?
Zheshang stated that ByteDance has made huge investments in AI, with capital expenditures reaching 80 billion yuan in 2024, approaching the total of Baidu, Alibaba, and Tencent (about 100 billion yuan). Research and development investments significantly lead their peers; analogously, just as Microsoft is strongly investing in OpenAI, ByteDance in China may be comparable to OpenAI in the USA.
How Humanoid Robots and AI Will Change the Workforce
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WeChat's mini store "Gifts" continues Tencent's e-commerce "ambition".
① The "Gift" feature of the Wechat Mini Program has sparked discussions on commercialization, leading to a surge in related companies' stock prices; ② Some analysts believe that the social fission function of gift-giving can create good word-of-mouth communication among users, further cultivating the habit of shopping in Wechat Mini Programs.
Express News | Regarding several "starting at 1 yuan" debt auctions of Evergrande Group, they were withdrawn this afternoon.
Alibaba Cloud Tongyi has launched the first open-source multimodal reasoning model QVQ.
On December 25, according to Gelonghui, Alibaba Cloud Tongyi Qianwen released the industry's first open-source multimodal reasoning model QVQ-72B-Preview. QVQ demonstrates unexpectedly strong visual understanding and reasoning abilities, particularly excelling in solving complex reasoning problems in mathematics, physics, and science. Multiple evaluation metrics show that QVQ surpasses the previous visual understanding model 'open-source champion' Qwen2-VL, with overall performance comparable to reasoning models like 'full version' OpenAIo1 and Claude3.5Sonnet.
Express News | Alibaba Cloud's Tongyi Qianwen has released the first open-source multimodal inference model QVQ.