Alibaba Group

The Chinese tech giant Alibaba has sued the US Department of Defence, demanding that it be removed from the Pentagon's list of Chinese military companies that prohibits them from landing US defense contracts and carries reputational damage. In the petition filed this week in the San Jose division of the US District Court in the Northern District of California, Alibaba, which is publicly traded on the New York Stock Exchange, argued that the designation, announced on June 8, has "no basis in fact or law" and that the Pentagon failed to reach its conclusion through any fair process. It is the latest lawsuit by a Chinese company against the Pentagon over such national security labels. In 2021, with some in Washington seeing China as a growing military threat, Congress asked the department to create a list of Chinese companies directly controlled by the Chinese military and security forces, as well as those it believed had contributed to the country's defense industrial base. The curre

The Pentagon has added BYD, Alibaba and Baidu to its military-linked companies blacklist. But why are an EV giant, an e-commerce company and a search engine being viewed as national security concerns?

Alibaba introduced the Zhenwu M890 AI processor and a new server platform as Chinese firms ramp up development of domestic AI computing infrastructure

Lin is one of the most influential figures behind Alibaba's transition to AI, an endeavor intended to drive its next phase of growth beyond online commerce

The concerns are well founded in the context of larger general questions about the lack of killer AI apps and solid ways to achieve profitability

Alibaba and its affiliates are currently leasing 10 floors at Times Square in Causeway Bay, with their tenancy set to expire in 2028

Once China's wealthiest and most prominent tech leader, Ma's comeback has long been awaited as a signal that the country's previously freewheeling tech sector is returning to favour in Beijing

The notes will mature in Sept 2032 via private sale to non-US investors; notes carry no interest but can be converted into US-listed shares, cash or a mix

China's e-commerce leader posted a triple-digit percentage gain in AI-related product revenue as well as a better-than-anticipated 26 per cent jump in sales from the cloud division

Ant, a subsidiary of Alibaba Group, will sell its stake in Paytm at ₹809.75 per share, the report added

The Chinese billionaire, who once likened AI to love, argued that the technology should be tailored to serve people and make their lives better

Alibaba Group Holding Ltd. announced Tuesday it's going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company's valuation

Ma, China's best-known tech entrepreneur, publicly criticized Chinese regulators in a speech in October 2020, derailing a massive listing by Ant Group. That was followed by regulatory crackdowns

Alibaba split into six business units in 2023, in the biggest revamp of its 24-year history

The deal is the first time the company has tapped the dollar bond market since 2021, according to data compiled by LSEG, and also the largest corporate bond in Asia Pacific this year

Expectations for sales growth for the festival, which is viewed as a gauge of consumer confidence, were subdued this year as confidence in the world's second-largest economy remains low in the wake

Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin

The partnership also illustrates the growing focus of the high end luxury brands on improving online shopping

It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users

Ma, who's still revered by many of the company's 200,000-plus employees, struck a markedly more upbeat tone than just four months ago