Asian private equity firm Trustar Capital is nearing a deal to acquire Alibaba Group Holding Ltd.’s video game business, according to people with knowledge of the matter.
Alibaba Group Holding Ltd., Baidu Inc. and Kuaishou Technology are the next big names in tech that will have to address concerns over the mounting financial costs needed to sustain intense AI competition.
JD.com Inc. reported better-than-expected quarterly profit as its food delivery battle with Alibaba Group Holding Ltd. and Meituan cooled down amid regulatory curbs.
The former architect of Alibaba Group Holding Ltd.’s flagship model has founded a startup to build AI agents. The new venture has secured backing from Tencent Holdings Ltd. and Chinese venture heavyweights.
Alibaba Group Holding Ltd. released its biggest ever AI model, claiming performance on par with global leader Anthropic PBC in the latest Chinese breakthrough to challenge US rivals.
Alibaba unveiled its latest and 'most powerful' AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI gap with the U.S.
Chinese AI startup Moonshot's Kimi models are powered in part by around 20,000 Nvidia Hopper chips supplied through a computing agreement with Alibaba, according to sources. Bloomberg's Peter Elstrom explains what the arrangement reveals about China's AI infrastructure and the role of US technology.
Chinese AI champion Moonshot has a computing power agreement with Alibaba Group Holding Ltd. for the use of around 20,000 Nvidia Corp. chips. This underscores China’s continued reliance on Western semiconductors to fuel its AI development, according to people with knowledge of the companies’ operations.
The Polish government is moving ahead with a plan to put a 3% levy on digital companies such as Alphabet Inc.’s Google, Meta Platforms Inc. or Alibaba Group Holding Ltd., despite threats of retaliation from the US.
China's leading AI companies are ramping up the pressure on Silicon Valley, as Moonshot and Alibaba unveiled models they claim can go toe-to-toe with the best from OpenAI and Anthropic at a fraction of the cost.
Crowds rushed to an obscure corner of China’s premier tech summit, moving past monumental booths from Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to catch a glimpse of the hottest name in domestic AI.
Alibaba Group Holding Ltd. shares rose as much as 5.4% on Monday after the company launched a preview version of its flagship Qwen3.8 Max model, describing it as second only to Anthropic PBC’s Fable 5.