BABA
$136.71
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally.
Recent News
Alibaba Starts Major Revamp to Heighten Focus on AI Profits
The company is moving the research team that develops its flagship Qwen models, the consumer-facing app division, as well as major AI-related products into a unit headed by Chief Executive Officer Eddie Wu. Simply called Alibaba Token Hub, the new division will also oversee Alibaba’s Slack-like DingTalk app and devices under the Quark brand such as smart glasses, Wu said in a memo to employees reviewed by Bloomberg News. The revamp comes as Alibaba grapples with questions about its AI strategy following the recent sudden departure of Qwen’s star research lead.
Alibaba launches AI platform for enterprises as agent craze sweeps China
Alibaba Group on Tuesday launched an artificial intelligence platform for enterprises targeting automation, intensifying competition in China's rapidly evolving AI agent market following the OpenClaw craze that has gripped the country's tech sector. The platform, called Wukong, can coordinate multiple AI agents to handle complex business tasks including document editing, spreadsheet updates, meeting transcription and research within a single interface. It is currently available for invitation-only beta testing.
Alibaba's Next AI Move Targets The Enterprise
New Qwen agent may reshape corporate automation
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