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Alibaba’s Qwen Team Releases QVQ-72B Open Source Vision AI Model in Preview
Alibaba’s Qwen research team has released another open-source artificial intelligence (AI) model. Dubbed QVQ-72B, it is a vision-based reasoning model that can analyse visual information from images and understand the context behind them. The tech giant has also shared benchmark scores of the AI model and highlighted that on one specific test, it...
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Alibaba Boosts Share Buyback By $25 Billion After Dip In Estimated Revenue
Chinese e-commerce giant Alibaba Group will increase its share buyback programme by $25 billion, the company announced Wednesday, as it published disappointing quarterly results.
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Alibaba to Monetise Non-Core Assets, Decide on Control of New Business Units After Breakup
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.
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China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
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Paytm Pre-IPO (Public Issue) Investors Not In A Hurry To Exit: Analysts
Paytm's pre-IPO (Initial Public Offering) investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand.
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Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
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SoftBank To Book $34 Billion Gain From Alibaba Shares
SoftBank Group Corp on Wednesday said it will book a gain of 4.6 trillion yen ($34.08 billion) after settling prepaid forward contracts using shares in Alibaba Group Holding, reducing its stake to 14.6% from 23.7%.
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China Officials Haul In Alibaba Executives Over Massive Data Theft: Report
Alibaba shares sank on Friday after a report said the tech giant's executives had been called in for meetings with Chinese officials over the theft of a vast police database.
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Alibaba Said to Cut Over One-Third Deals Team Staff After Regulatory Crackdown
Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.
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Google Cloud to Adopt Arm-Based Ampere Chips, Increasing Pressure on AMD, Intel
Google Cloud will start to adopt Arm-based computing chips, joining a transition that takes away market share from leaders Intel and Advanced Micro Devices (AMD). The company said its new offering will be based on Ampere's "Altra" chips. Ampere is a chip firm founded by former Intel executives and boasts clients such as Microsoft and Oracle.
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Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
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Paytm Payments Bank Says RBI Curbs to be Lifted in 3 to 5 Months
Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.
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Alibaba Hikes Share Buyback Size To Record $25 Billion
Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth.
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SoftBank Doubles Down With Buy Back After $10 Billion Vision Fund Hit
Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.
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Paytm Said to Have Secured SEBI’s Approval for India’s Biggest IPO
Paytm is said to have received market regulator SEBI’s approval for its proposed Rs. 16,600 IPO, which will be the biggest in India to date.
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Alibaba’s Qwen Team Releases QVQ-72B Open Source Vision AI Model in Preview
Alibaba’s Qwen research team has released another open-source artificial intelligence (AI) model. Dubbed QVQ-72B, it is a vision-based reasoning model that can analyse visual information from images and understand the context behind them. The tech giant has also shared benchmark scores of the AI model and highlighted that on one specific test, it...
-
Alibaba Boosts Share Buyback By $25 Billion After Dip In Estimated Revenue
Chinese e-commerce giant Alibaba Group will increase its share buyback programme by $25 billion, the company announced Wednesday, as it published disappointing quarterly results.
-
Alibaba to Monetise Non-Core Assets, Decide on Control of New Business Units After Breakup
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.
-
China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
-
Paytm Pre-IPO (Public Issue) Investors Not In A Hurry To Exit: Analysts
Paytm's pre-IPO (Initial Public Offering) investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand.
-
Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
-
SoftBank To Book $34 Billion Gain From Alibaba Shares
SoftBank Group Corp on Wednesday said it will book a gain of 4.6 trillion yen ($34.08 billion) after settling prepaid forward contracts using shares in Alibaba Group Holding, reducing its stake to 14.6% from 23.7%.
-
China Officials Haul In Alibaba Executives Over Massive Data Theft: Report
Alibaba shares sank on Friday after a report said the tech giant's executives had been called in for meetings with Chinese officials over the theft of a vast police database.
-
Alibaba Said to Cut Over One-Third Deals Team Staff After Regulatory Crackdown
Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.
-
Google Cloud to Adopt Arm-Based Ampere Chips, Increasing Pressure on AMD, Intel
Google Cloud will start to adopt Arm-based computing chips, joining a transition that takes away market share from leaders Intel and Advanced Micro Devices (AMD). The company said its new offering will be based on Ampere's "Altra" chips. Ampere is a chip firm founded by former Intel executives and boasts clients such as Microsoft and Oracle.
-
Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
-
Paytm Payments Bank Says RBI Curbs to be Lifted in 3 to 5 Months
Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.
-
Alibaba Hikes Share Buyback Size To Record $25 Billion
Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth.
-
SoftBank Doubles Down With Buy Back After $10 Billion Vision Fund Hit
Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.
-
Paytm Said to Have Secured SEBI’s Approval for India’s Biggest IPO
Paytm is said to have received market regulator SEBI’s approval for its proposed Rs. 16,600 IPO, which will be the biggest in India to date.
