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Alibaba CEO takes helm of new AI-focused business group
TechnologySCMPchannel-news-asia1mo ago2 sources

Alibaba CEO takes helm of new AI-focused business group

Alibaba Group Holding has reshuffled its artificial intelligence operations, creating a new top-level business group called 'Token Hub' and placing CEO Eddie Wu Yongming in charge, signaling an accelerated push into the emerging token economy and AI development.

Why is the Hang Seng Tech Index in the doldrums while AI shares are soaring?
BusinessSCMP1mo ago

Why is the Hang Seng Tech Index in the doldrums while AI shares are soaring?

Hong Kong’s tech equity benchmark is struggling to balance the artificial intelligence frenzy and picking the right industry leaders, leading to its underperformance this year, according to analysts. The Hang Seng Tech Index, which comprises 30 technology-related companies including Tencent Holdings, Alibaba Group Holding and Meituan, has fallen 5.5 per cent this year up to Friday, giving up some of last year’s 23.5 per cent gains. In contrast, the broad-based Hang Seng Index has risen 0.3 pe...

Alibaba recruits Google DeepMind contributor to join Qwen AI team, sources say
TechnologySCMP1mo ago

Alibaba recruits Google DeepMind contributor to join Qwen AI team, sources say

Alibaba Group Holding has recruited a research scientist from Google DeepMind to bolster development efforts for its Qwen artificial intelligence models, in an internal restructuring that has seen the departure of previous technical lead Lin Junyang. While no successor to Lin was announced, former Google senior staff research scientist Zhou Hao was joining Alibaba as head of post-training research, replacing Yu Bowen, who also departed this week, two sources said. Zhou, who holds a PhD from t...

MWC 2026: Alibaba to launch new smart glasses powered by Qwen AI assistant
TechnologySCMP1mo ago

MWC 2026: Alibaba to launch new smart glasses powered by Qwen AI assistant

Alibaba Group Holding plans to launch new smart glasses powered by its artificial intelligence assistant Qwen at the coming MWC Barcelona trade show. On Saturday, a company representative confirmed the launch, adding that both online and offline presales would start on Monday, the first day of the annual trade show, formerly known as Mobile World Congress. Meanwhile, the company, which owns the South China Morning Post, is preparing a diverse product line-up this year for the global market,...

Alibaba sets up new task force, led by CEO Eddie Wu, to focus on AI model development
TechnologySCMP1mo ago

Alibaba sets up new task force, led by CEO Eddie Wu, to focus on AI model development

Alibaba Group Holding is forming a dedicated internal task force headed by CEO Eddie Wu Yongming in a bid to funnel greater resources into its foundational AI model development efforts. On Thursday, Wu said in a letter to members of the company’s artificial intelligence research lab Tongyi that the task force would “jointly coordinate group-wide resources to accelerate foundational model development”. “In technology, standing still means falling behind,” Wu said in the letter, which was provi...

Germany’s Merz meets China’s tech vanguard, including Alibaba and Unitree CEOs
TechnologySCMP1mo ago

Germany’s Merz meets China’s tech vanguard, including Alibaba and Unitree CEOs

German Chancellor Friedrich Merz visited China’s eastern tech hub of Hangzhou on Thursday and met leading figures including those from Alibaba Group Holding and Unitree Robotics, signalling growing international recognition of the country’s robotics and artificial intelligence technologies. Merz had lunch and took group photos with local entrepreneurs, including Alibaba CEO Eddie Wu Yongming and Unitree founder and CEO Wang Xingxing, according to a social media account run by Chinese state...