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Alibaba opens AI model Tongyi Qianwen to public in competition with Baidu, Tencent and other Chinese Big Tech firms

The move follows similar efforts by other Chinese technology companies to open up their large AI models, following the government’s initial approval last month of commercial ChatGPT-like services. ....

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New Alibaba CEO Eddie Wu sharpens focus on AI and users amid leadership reshuffle and spin-off efforts

The two major strategic focuses of the Hangzhou-based tech giant will be “user first” and “AI-driven”, new CEO Eddie Wu writes in a letter to staff. ....

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Hong Kong stocks hit 2-week low as Alibaba tumbles 2.9% on ex-CEO surprise exit, China deflation concerns

Stocks hit a two week low as Alibaba Group suffers a blow from the surprise departure of its former chairman and CEO Daniel Zhang. CLSA says China needs to address real risks in the economy to boost its appeal. ....

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Former Alibaba CEO steps down from cloud unit in surprise exit

Former chairman and CEO Daniel Zhang Yong is stepping down as head of the e-commerce giant’s cloud division, a move that comes as a surprise the same day he… ....

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Shares of Alibaba tumble more than 3% after outgoing CEO unexpectedly quits cloud business

Alibaba CEO Daniel Zhang Yong speaks during the launching ceremony of Alibaba Rural Vitalization Fund on May 17, 2021 in Lanzhou, Gansu Province of China.… ....

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