The gains have been boosted since the Hangzhou-based firm announced robust sales growth last week
Apple has chosen Alibaba as its artificial intelligence (AI) partner in China, marking a strategic move to regain lost ground in the world’s largest smartphone market. Alibaba Group Chairman Joe Tsai confirmed the collaboration on Thursday at the World Governments Summit in Dubai, as per reports by The Information and Reuters.
"Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit said
"Singles Day" -- launched by tech giant Alibaba in 2009 -- has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country's online shopping platforms.
Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation
Alibaba's net income was 10.7 billion yuan ($1.51 billion), a decrease of 77 percent
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
The announcement comes days after Chinese search giant Baidu said it would complete testing of its AI chatbot in March.
Daraz Bangladesh will also lay off dozens of employees as part of the plan of its mother organisation, Daraz Group
Smartwatches that mirror the look of the Apple Watch's hardware and software are being advertised on China's most popular online shopping service as AW08 and iWatch
