CEO DANIEL ZHANG
How a merged SpaceX-Tesla might navigate its China problem
Elon Musk's proposed merger of Tesla and SpaceX may encounter significant hurdles from US and Chinese regulators. Concerns about national security and technology sharing complicate the merger discussions. Tesla's reliance on China for manufacturing and SpaceX's defense contracts raise potential risks. Analysts suggest creating a firewall around Tesla's Chinese operations as a possible solution. However, divesting Tesla's China operations could prove challenging, considering the deep integration with local suppliers.
Trump-Xi dinner: Elon Musk, Jeff Bezos, Sam Altman, Huang, Nadella among star-studded guest list
Billionaires and leaders from the technology sector gathered at the White House for a state dinner. This event hosted Chinese President Xi Jinping and his wife, Peng Liyuan, with various US officials. The discussions included trade, artificial intelligence, and strategic issues between the two nations. Trump highlighted his friendship with Xi during the dinner and emphasized mutual cooperation.
Alibaba Group CEO takes over as chief of domestic ecommerce business
An Alibaba spokesperson confirmed plans to set up a new asset management company but did not respond to a request for comment on Dai's involvement.
Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong
Alibaba said in a filing that it had submitted a spin-off proposal to the Hong Kong Stock Exchange, and that it has received confirmation to proceed
Alibaba opens AI model Tongyi Qianwen to the public
The Alibaba Cloud Intelligence Division said organisations including OPPO, Taobao, DingTalk and Zhejiang University have reached cooperation agreements to train their own large language models
New Alibaba Group CEO lays out strategic priorities for staff
New Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven", according to an internal letter reviewed by Reuters.
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Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
Alibaba's stock fell over 4% in Hong Kong after ex-CEO Daniel Zhang resigned from the company's cloud computing unit. Concerns have arisen over the spin-off plan for the unit and potential discord at the top. New CEO Eddie Wu will take on the role of acting CEO and chairman of the unit, which is struggling with weak sales growth ahead of its planned IPO next year.
Alibaba shares set to open down 3% after outgoing CEO quits cloud unit
The Hong Kong-listed shares of China's Alibaba Group were set to open down 3.1% on Monday after the surprise departure of outgoing Alibaba CEO Daniel Zhang from the company's cloud business.
Alibaba says Daniel Zhang steps down from cloud business
Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit.
In overhaul, Alibaba's boss moves aside and two co-founders step up
Alibaba announced Tuesday that Zhang, 51, would relinquish his top job in September. Instead, he would serve only as CEO of Alibaba's cloud computing division, a position he assumed in March when he unveiled the restructuring. Alibaba announced plans to spin off its cloud division in May, in preparation for a public listing.
Penalty on electric two-wheeler makers guilty of wrongful subsidy claims; Eddie Wu is new Alibaba CEO
Caught with their hands in the till, electric scooter makers who wrongfully claimed subsidies under the Centre’s FAME II scheme are set to feel the government’s wrath.
Alibaba Group says Eddie Wu to succeed Daniel Zhang as CEO, Joseph Tsai to take over as chairman
Zhang will shift to fully focus on the cloud intelligence group, the company said. Zhang has since December been concurrently serving as the group's CEO and chairman as well as the head of the Chinese tech giant's cloud unit.
Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public
The company in March announced plans to reshape itself into six business divisions with plans to allow all but its core e-commerce business to raise external capital and go public.
Alibaba shows off its generative AI tech, to roll out Tongyi Qianwen in all apps
Called Tongyi Qianwen, the AI large language model drafted invitation letters, planned trip itineraries and advised shoppers on types of makeup to purchase in a filmed demonstration.
Alibaba unveils Tongyi Qianwen, an AI model similar to GPT
It will first be integrated into DingTalk, Alibaba's workplace messaging app and can be used to summarise meeting notes, write emails and draft business proposals. It will also be added to Tmall Genie, Alibaba's voice assistant.
China's Alibaba invites businesses to trial AI chatbot
The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last November and can generate articles and essays on demand in response to user prompts.
China's Alibaba invites businesses to trial AI chatbot: report
The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last November and can generate articles and essays on demand in response to user prompts.
Alibaba considers yielding control of some businesses in overhaul
Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO). His comments come two days after Alibaba announced the largest restructuring in the company's history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs.
Alibaba to decide on control over new business units after IPOs
Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually list on their own.
How Alibaba's six new business units stack up
Alibaba has long relied on e-commerce as its core business, with smaller divisions in sectors such as cloud computing and entertainment. The company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possible carving out in the future.
After the split, here's how Alibaba's six new business units stack up
The company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possible carving out in the future.
Alibaba lays off nearly 10,000 employees amid poor sales
According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to 245,700.
China's Alibaba sets $100 billion target for Southeast Asian e-commerce division
Chinese e-commerce giant Alibaba has set a target for gross merchandise volume of $100 billion in gross merchandise volume (GMV), the total sum of purchasing transactions, for its Southeast Asian marketplace Lazada.
Alibaba chairman says China's antitrust rules 'necessary'
The move to regulate monopolistic power of China's technology giants sparked a sell-off in Chinese internet stocks. Alibaba's stock price in Hong Kong plunged about 10 per cent following the announcement
Alibaba CEO says China's draft anti-monopoly rules 'timely and necessary'
China's move to draft rules aimed at preventing monopolistic behaviour by internet platforms is "timely and necessary", Alibaba Group CEO Daniel Zhang said on Monday.
Jack Ma's crazy rich Asian odyssey has a timely end
Time and time again, Chinese billionaires on lists of the super-wealthy have been cut down to size.
Alibaba's Jack Ma to hand chairman's role to CEO Daniel Zhang next year
Jack Ma's retirement as executive chairman will coincide with his 55th birthday, on September 10th 2019.
Alibaba guides for 45-49% growth in FY18, Investors thump in cheer
The e-commerce and data giant, which is seeking to expand new business lines in artificial intelligence, has seen its stock rise over 40 percent since the beginning of 2018.
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