Alibaba Group Holding has invested around 200 million yuan (US$27.6 million) in artificial intelligence (AI) education start-up Zhejiang Jingzhunxue, as the Chinese e-commerce giant continues to bet heavily on the AI sector. Hangzhou-based Jingzhunxue said on Wednesday that it received backing from Alibaba to support the development and promotion of the start-up's AI-powered education device, Bong. Alibaba owns the South China Morning Post. Powered by Alibaba's Qwen model and Jingzhunxue's self-
AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, will give away over 1,000 UEFA EURO 2024™ match tickets along with attractive discounts during its promotional campaigns around the UEFA EURO 2024™ tournament – including its Choice Day and Summer Sales – infusing its shoppers' experience with a vibrant cascade of excitement and summer festivities.
(Bloomberg) -- Debt that can become equity has become all the rage in Asia, where issuers are increasingly turning to the instrument to get cheap money in an environment of high interest rates.Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarWarning Signals Are Flashing for Homeowners in Texas and Florida‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpInsurers Sink as UnitedHealth Sees ‘Disturbance’ in MedicaidChina Weighs Record Fine for PwC