Alibaba Group

Alibaba sues Pentagon in bid to remove 'Chinese military company' label

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

Why US banned BYD, Alibaba calling them Chinese military firms | US-China relations | Trade war

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?

China's Alibaba unveils new AI chip, LLM in push for domestic alternatives

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

Alibaba Group's AI wizard who warned of US-China tech gap steps down

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

Alibaba's cloud growth highlights China's two-speed economy, tech ambitions

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 in talks to acquire Hong Kong office in $900 million deal

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

Jack Ma returns to 'Make Alibaba Great Again' with AI push, subsidy war

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

Alibaba to raise $3.2 bn via convertible bonds to fuel cloud, global push

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

Alibaba gains $50 billion value after AI progress fuels market rally

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

China's Ant Group to sell 4% stake in Paytm for $242 million: Report

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

Alibaba's Jack Ma wants AI to serve, not replace or rule over humans

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

Companies that spent billions on M&A now selling at knockdown prices

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

Jack Ma envisions AI-driven future for Ant Group in rare public appearance

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 Group combines e-commerce arms to tackle growing competition

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

China's Alibaba Group raises $5 billion in dual currency bond deal

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

China's Singles' Day wraps up with ecomm firms reporting growth in shoppers

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

China's e-commerce giant Alibaba group misses Q1 revenue estimates

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

LVMH deepens partnership with Alibaba to enhance tech presence in China

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

Chinese tech giants cut prices of language models used to power AI chatbots

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

Emerging from seclusion, Jack Ma voices support for overhaul at Alibaba

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