Alibaba commits $50bn to AI and cloud amid Jack Ma’s return to the spotlight
Alibaba has branched out from its original B2B e-commerce roots, developing thriving logistics arms and financial spin-offs such as Ant Group. Its cloud division, Alibaba Cloud, already hosts significant R&D operations worldwide and recently launched its own AI offering, QWen, available to iPhone users in China via a dedicated app.
Jack Ma responds to Xi Jinping, commits 75 trillion won to AI investment
According to Chinese economic media sources like Chailianshe on the 24th, Daniel Zhang, chief executive officer (CEO) of Alibaba Group, revealed this plan. This not only exceeds the total amount Alibaba has invested in the sector over the past decade but also marks the largest AI investment among private corporations in China.
Artificial intelligence will play a critical role in shaping China's fortunes as a great power. Yet Beijing’s attempt to ...
At the Monday meeting, Xi urged the executives to "show their talent" and pledged to support private businesses.
China's President Xi Jinping met top private sector entrepreneurs, including Alibaba's Jack Ma, signaling a policy change ...
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DeepSeek founder Liang has received the lion’s share of media attention in recent weeks as his AI assistant ascended to the ...
Chinese President Xi Jinping will host a meeting next week with some of the nation's top entrepreneurs - including six ...
President Xi Jinping attended a symposium to enhance private enterprises amidst China's economic slowdown and U.S. tensions.
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Guess who’s coming this Ramadan: Anwar confirms Malaysia visit from China’s Xi Jinping, African leaders to boost economic tiesChina’s president Ji Xinping and African leaders are coming to Malaysia this Ramadan, Prime Minister Datuk Seri Anwar Ibrahim ...
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