Alibaba Group Holding Ltd. has introduced the beta version of HappyShrimp, an artificial intelligence model capable of generating fully produced songs from a single text prompt, expanding its generative AI efforts.

The former lead architect of Alibaba Group Holding Ltd.'s flagship AI model has founded a new startup focused on building AI agents, securing significant backing from Tencent Holdings Ltd. and other Chinese venture capital firms.

Asian private equity firm Trustar Capital is reportedly nearing a $1.5 billion deal to acquire Alibaba Group Holding Ltd.’s video game business.

Alibaba Group Holding Ltd. has unveiled its latest flagship AI model, Qwen3.8-Max, claiming benchmark scores that position it alongside top global competitors like Anthropic's Fable.

JD.com Inc. reported better-than-expected quarterly profits, benefiting from a cooling food delivery competition with rivals like Alibaba Group Holding Ltd. and Meituan amid regulatory curbs. This indicates a more stable market environment for the e-commerce giant.