Baidu’s artificial intelligence (AI) chatbot Ernie Bot has attracted over 200 million users, according to company co-founder and chief executive Robin Li Yanhong, as the race to commercialise AI heats up in China.Ernie Bot reached the milestone just 13 months after its launch, with enterprise...
Alibaba Group Holding has fundamentally changed its corporate culture to put customers first in its adaptation of technology, its co-founder Jack Ma wrote, as he stepped into a social media hubbub over the hubris that caused what was once the world’s largest e-commerce platform to...
Hong Kong fintech company Wonder has won approval from the city’s Transport Department for its effort to bring digital payments to Hong Kong’s 18,000-odd taxis, the vast majority of which only take cash.Taxi Pay x Wonder, or Taxi Pay for short, is the first payment...
Alibaba Group Holding’s cloud computing unit has slashed prices for international customers by up to 59 per cent, as the tech giant fights to woo users amid a global race for computing resources driven by rapid artificial intelligence (AI) development.The international cloud business of Alibaba,...
Alibaba Group Holding, China’s biggest e-commerce platform operator, said it bought back US$4.8 billion worth of its own shares in Hong Kong and New York last quarter, marking the most aggressive buy-back since 2021 as the stock slipped amid concerns about competition and earnings outlook.The...
Alibaba’s Taobao cuts fees for merchants and subsidises content as it seeks to protect its market lead, reports sayTaobao, the main e-commerce platform of Alibaba Group Holding, has decided to increase subsidies and cut fees for merchants as China’s largest online marketplace moves to defend...
Sun Art Retail Group, controlled by Alibaba Group Holding, has appointed a new chief executive as the e-commerce giant continues to consolidate its retail assets amid a restructuring and rising market competition.Hong Kong-listed Sun Art, an online hypermarket business, said in a stock exchange filing...
Alibaba Group Holding’s international e-commerce platform AliExpress is betting on a European market breakthrough by sponsoring this year’s European Football Championship, or Euro 2024, a move that comes after its rival Temu cracked the US market through ads that ran in the Super Bowl.AliExpress is...
Alibaba Group Holding is integrating the services of its online wholesale marketplace 1688 with its flagship consumer shopping platform Taobao, as the e-commerce giant continues to consolidate assets amid internal restructuring and rising competition.Taobao has recently featured three online stores under the 1688 name as...
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuringAlibaba Group Holding has decided to withdraw the initial public offering (IPO) for its logistics operation Cainiao in Hong Kong and has offered to buy all remaining shares in the unit, in...