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28.11.25 - 14:42
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Meituan swings into loss in ′milk tea′ subsidy war with instant commerce rivals (SCMP)
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China's food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding's instant commerce business eroded margins and kept revenue growth modest.
The Beijing-based company on Friday reported revenue of 95.5 billion yuan (US$13.3 billion) for the three months to September, up 2 per cent year on year, missing analysts' estimates of 97.5 billion yuan.
However, it booked an operating loss of 19.8 billion yuan, compared with a 13.7 billion yuan operating......
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28.11.25 - 14:06
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Alibaba Cloud team wins top AI award for breakthrough in model efficiency (SCMP)
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A research team led by Alibaba Cloud was the only group from China to receive a top award at this year's NeurIPS, or the Conference on Neural Information Processing Systems, billed as the artificial intelligence industry's most prestigious annual event.
The research could lead to drastic improvements in the efficiency of large language models (LLMs), significantly reducing both training and inference costs for Alibaba Group Holding's next generation of Qwen models without sacrificing......
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28.11.25 - 02:06
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DeepSeek, Alibaba researchers endorse China′s AI regulatory framework (SCMP)
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Researchers from artificial intelligence start-up DeepSeek and tech giant Alibaba Group Holding have endorsed China's emerging AI regulatory framework while calling for clearer feedback in a paper published in the US journal Science.
The paper, published last month under the title “China's emerging regulation towards an open future for AI”, said the country had so far facilitated an “innovation- and openness-friendly institutional environment for AI developers” but that it could be further......
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