Alibaba Group Holding Ltd introduced Tongyi Qianwen, a massive AI language model similar to GPT that the company plans to integrate into all of its business applications in the near future.
Paytm's monthly transacting users (MTU) was up 32 per cent from 64 million in December 2021 to 85 million in December 2022. The Gross Merchandise Value (GMV) processed through the platform saw a 38 per cent growth y-o-y in December to Rs 3.46 lakh crore.
India TV Exclusive: Ali Baba actor Ayush Shrivastava talks about Tunisha Sharma & Sheezan Khan's Relationship
It has been reported that Ant Financial and Alipay will bring down their stake in the Deepinder Goyal-run food delivery unicorn Zomato to about 10 per cent from the current 13 per cent. Zomato has reportedly refused to comment when a news agency contacted them.
Alibaba reported a 50 per cent drop in net income to 22.74 billion yuan ($3.4 billion) in the June quarter, down from 45.14 billion yuan in the same period last year.
According to the filing, Paytm E-commerce, the parent firm of Paytm Mall, bought a 28.34 percent stake in Alibaba and a 14.98 percent stake held by Antfin (The Netherlands).
Jack Ma's sudden disappearance in November had sparked a chain of controversies, with new reports emerging everyday. It began when Ma had irked regulators with the speech at a business conference in Shanghai attended by some of the regulators he was criticizing.
Alibaba Chairman Jack Ma irked regulators with the speech at a business conference in Shanghai attended by some of the regulators he was criticizing. Chinese Vice President Wang Qishan also was in the audience.
Alibaba Group on Tuesday announced that it will close down its streaming platform Xiami music on February 5.
Alibaba founder Jack Ma has gone missing, according to a report in The Telegraph, UK. What's appalling is that the Chinese billionaire has not been in the public eye for more than two months. Considered one of China's internet pioneers, Jack Ma's apparent disappearance points fingers at the Chinese government as the two had been locked in a bitter conflict.
Jack Ma was supposed to appear as a judge in the final episode of his own talent shows Africa’s Business Heroes. He, however, did not turn up and later his pictures too were removed from the official website of the show.
Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China’s fast-growing tech industries.
Tata Group may buy majority stake of upto 80 per cent in India's online grocery store BigBasket which is currently backed by China's Alibaba Group Holding Ltd.
Amid India's crackdown on Chinese companies engaged in suspicious activities, Alibaba Cloud, the data intelligence backbone of Chinese e-commerce giant Alibaba Group, on Thursday denied a report on data theft of Indian users.
A district court in Gurugram has summoned Chinese E-commerce giant Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, reports news agency Reuters.
Alibaba founder Jack Ma is no longer China's richest man. According to Bloomberg Billionaires Index, Ma Huateng, who is the founder and CEO of Chinese Internet giant Tencent Holdings (TCEHY), has surpassed Jack Ma as China's richest man with a net worth of $50 billion.
As the coronavirus spread, the world’s richest communist dug into his deep pockets. Jack Ma, the founder of e-commerce giant Alibaba Group and a member of the ruling Communist Party, helped to pay for 1,000 ventilators delivered to New York in April. Ma's foundation also is giving ventilators, masks and other supplies in Africa, Latin America and Asia.
Alibaba Cloud, the data intelligence backbone of Alibaba Group, on Monday announced to invest additional approximately $28 billion (RMB 200 billion) in the next three years on its cloud infrastructure, focusing on technologies including operating system, servers, chips and network.
Chinese tech giants Alibaba, Xiaomi and Oppo have donated masks and other medical equipment to the countries severely affected by the coronavirus pandemic.
As coronavirus spreads to parts of China, e-commerce giant Alibaba has pledged to play its role in countering the ill-effects of coronavirus on Chinese economy. Alibaba Group reported year-on-year revenue growth of 38 per cent to 161.4 billion yuan ($23.12 billion) for the fiscal quarter ending December 30, 2019.
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