The restructuring was described as the ‘most significant’ organisational overhaul in its 24-year history
Alibaba Group
Latest in Alibaba Group
algorithms
Alibaba offers source code of its federated learning platform to the open-source community
Sharing the self-developed federated learning technologies could promote privacy-preserving computation in different sectors such as healthcare and smart mobility
Alibaba Group
Turkey’s Trendyol valuation set to hit $16.5 billion
The company is in talks to raise about $1.5 billion from investors including General Atlantic and could complete the deal as soon as next week
Alibaba Group
Jack Ma ends 20-year reign over Alibaba wealth creation empire
Jack Ma’s record-breaking rise from a bootstrapped entrepreneur working out of his apartment in 1999 to jet-setting e-commerce mogul mirrors China’s own evolution
AI startups
CEO of leading AI startup SenseTime says valuation has passed $7.5bn
Chinese start-up has been hosting regular roadshows around the world to educate investors on a business that now runs the gamut from facial recognition to robot delivery
Abu Dhabi Investment Authority
China AI start-up to file for Hong Kong IPO soon despite protests
Megvii last raised $750m in a Series D financing round in May from investors including a unit of the Abu Dhabi Investment Authority
Alibaba
Chinese giant Alibaba said to mull Hong Kong listing
Sources say Alibaba Group is considering raising $20bn via a second listing in Hong Kong after a record-breaking 2014 New York debut
Alibaba Group
AliExpress to launch Ramadan sale for UAE, Saudi Arabia
Campaign offers up to 50% discount on over 100 million products