Alibaba says the latest version of its Qwen 2.5 artificial intelligence model can take on fellow Chinese firm DeepSeek's V3 ...

Private equity firm DCP Capital has agreed to acquire Alibaba’s majority stake in Sun Art, which operates the RT-Mart chain and the Costco-like M-Club membership stores across China.

An Alibaba-affiliated company, New Retail, will also sell its 5.04% minority stake, leaving Alibaba with no remaining equity interest in Sun Art. Alibaba's disposal, which it estimated would ...

Alibaba sold its 73.66% stake in Sun Art to DCP Capital for US$1.6bn, reflecting a shift away from its New Retail strategy. The sale is positive as Sun Art faces a competitive offline retail ...

In October 2020, Alibaba took control of Sun Art from its French owner, the Mulliez family, for HK$28 billion amid the e-commerce giant's ambition to create a "new retail" model that leverages ...

Alibaba stock is higher Wednesday after the Chinese conglomerate said its updated AI model outperforms DeepSeek and other ...

Alibaba (NYSE:BABA) shares rose 3.5% in premarket trading on Wednesday as investment firm Citron Research continued to hype ...

Alibaba Group Holding Ltd. published benchmark scores and touted what it called world-leading performance with its new ...

The transaction involves the sale of a 78.7% stake currently held by Alibaba's subsidiaries A-RT Retail, Taobao China and New Retail, as detailed in a disclosure to the Hong Kong Stock Exchange.

Alibaba Group Holding surprised investors a few years ago when the e-commerce giant’s employee headcount surged to 252,084 at the end of December 2020, more than double its 122,399 total in the ...