Alibaba Group

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Retrieved on: 
Wednesday, March 13, 2024

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Key Points: 
  • AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
    (Hong Kong, February 23, 2024) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its second interim results for the twelve months ended December 31, 2023.
  • • EBITDA of the Group for the 12-Month Period was approximately HK$39.5 million (Twelve months ended December 31, 2022: Negative EBITDA of approximately HK$37.7 million).
  • The profit for the 12-Month Period was approximately HK$29 million (12 months ended December 31, 2022: loss of approximately HK$131 million).
  • The change from operating loss to profit was mainly due to: (1) the increase in total revenue; (2) the increase in net finance income.

Alibaba Releases Report on Cross-Border Trade's Positive Impact on the U.S. Economy

Retrieved on: 
Wednesday, March 6, 2024

NEW YORK, March 6, 2024 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group")  recently announced findings from a new report highlighting Alibaba's positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses. The report reflects positive growth in both retail sales and employment numbers in the U.S. resulting from the sale of American products to Chinese consumers through Alibaba's range of online marketplaces and platforms.

Key Points: 
  • New report quantifies the positive economic impacts of cross-border trade conducted by businesses leveraging Alibaba platforms, tools and solutions
    NEW YORK, March 6, 2024 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group")  recently announced findings from a new report highlighting Alibaba's positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses.
  • As such in 2022, $66.2 billion in sales from U.S. brands to Chinese consumers on Alibaba platforms helped to add $52.9 billion to the U.S.
  • Gross Domestic Product (GDP) and supported over 403,000 U.S. jobs, according to the report compiled by NDP Analytics and commissioned by Alibaba.
  • For more information on Alibaba and the report, please visit Alibabapowersbusinesses.com .

Alibaba.com's Annual March Expo Highlights Small Business Sourcing Trends and Rolls Out More Guaranteed Services

Retrieved on: 
Thursday, February 29, 2024

A shift in sourcing strategies is notable, as two-thirds (66%) of SMEs indicated they plan to increase their reliance on online global sourcing in 2024.

Key Points: 
  • A shift in sourcing strategies is notable, as two-thirds (66%) of SMEs indicated they plan to increase their reliance on online global sourcing in 2024.
  • "That's why we are expanding our guaranteed services to provide entrepreneurs with peace of mind when making purchasing decisions crucial to their growth."
  • These 'guaranteed services' will enable U.S. SMEs to source even more efficiently, allowing them to order directly from Alibaba.com without having to negotiate with suppliers.
  • This new approach to online sourcing offers B2B buyers guaranteed fixed prices, on-time delivery and hassle-free refunds.

Alibaba.com's March Expo 2024 to help provide sourcing solutions for UK B2B buyers

Retrieved on: 
Tuesday, February 27, 2024

LONDON, Feb. 27, 2024 /PRNewswire/ -- UK SMEs are feeling increasingly confident about the future of their businesses, according to the 'Alibaba.com B2B Sentiment Survey' released today by Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce.

Key Points: 
  • According to the research, 68% of UK SME decision-makers surveyed are more positive* about their business growth opportunities, compared to last year.
  • At March Expo 2024, more 'guaranteed services' will enable UK SMEs to source even more efficiently, for example by ordering directly from Alibaba.com without negotiating with suppliers.
  • This new approach offers B2B buyers guaranteed fixed prices, on-time delivery, and hassle-free refunds.
  • B2B buyers can connect with quality suppliers showcasing their factories through livestreams, and thousands of virtual-reality showrooms.

AliExpress Order Volume Surges 60%, Driven by Choice

Retrieved on: 
Thursday, February 8, 2024

The catalyst behind this robust growth is AliExpress' Choice, a premium service introduced in March 2023.

Key Points: 
  • The catalyst behind this robust growth is AliExpress' Choice, a premium service introduced in March 2023.
  • Thanks to Choice, customers in a growing number of markets now enjoy perks including free shipping, assured on-time delivery and free returns.
  • In January 2024, nearly half of the AliExpress orders were placed through Choice, underscoring the service's rapidly increasing customer adoption.
  • Gary Topp, AliExpress European Commercial Director, expressed enthusiasm about Choice's impact: "The introduction of Choice represents a watershed moment for AliExpress.

AliExpress Order Volume Surges 60%, Driven by Choice

Retrieved on: 
Thursday, February 8, 2024

The catalyst behind this robust growth is AliExpress' Choice, a premium service introduced in March 2023.

Key Points: 
  • The catalyst behind this robust growth is AliExpress' Choice, a premium service introduced in March 2023.
  • Thanks to Choice, customers in a growing number of markets now enjoy perks including free shipping, assured on-time delivery and free returns.
  • In January 2024, nearly half of the AliExpress orders were placed through Choice, underscoring the service's rapidly increasing customer adoption.
  • Gary Topp, AliExpress European Commercial Director, expressed enthusiasm about Choice's impact: "The introduction of Choice represents a watershed moment for AliExpress.

OFFICIAL PARIS 2024 HOSPITALITY PROVIDER, ON LOCATION, PARTNERS WITH FLIGGY TO LAUNCH CHINA ECOMMERCE STORE

Retrieved on: 
Monday, February 5, 2024

HANGZHOU, China, Feb. 5, 2024 /PRNewswire/ -- On Location, the Official Hospitality Provider for the Olympic Games Paris 2024, and Fliggy, a leading online travel platform and wholly-owned subsidiary of Alibaba Group (NYSE: BABA and HKEX: 9988), today announced the official launch of the Olympic Games Paris 2024 Hospitality eCommerce store in China. The opening of the digital store on Fliggy's platform marks the start of a new partnership between the two companies, with Fliggy now an important e-commerce partner for On Location in China. This is the first dedicated site for consumers in China to access hospitality packages for the upcoming Olympic Games Paris 2024.

Key Points: 
  • HANGZHOU, China, Feb. 5, 2024 /PRNewswire/ -- On Location, the Official Hospitality Provider for the Olympic Games Paris 2024, and Fliggy, a leading online travel platform and wholly-owned subsidiary of Alibaba Group (NYSE: BABA and HKEX: 9988), today announced the official launch of the Olympic Games Paris 2024 Hospitality eCommerce store in China.
  • This is the first dedicated site for consumers in China to access hospitality packages for the upcoming Olympic Games Paris 2024.
  • With the exception of the Paris 2024 Ticketing Program, the official Paris 2024 Hospitality Program is the only risk-free way to secure attendance to the Games as these are the only official and safe sources to buy tickets and hospitality packages for the Olympic and Paralympic Games Paris 2024.
  • A variety of hospitality packages are already available for purchase at the Paris 2024 Olympic Games Hospitality flagship store on Fliggy, with more packages to be added in the coming months.

Alibaba Cloud Unveils Serverless Solution to Harness Gen-AI Capabilities for Enterprises

Retrieved on: 
Monday, February 5, 2024

In March 2024, the serverless version is scheduled to expand its capabilities to support the deployment of prominent open-source LLMs and models from Alibaba's AI model community, ModelScope.

Key Points: 
  • In March 2024, the serverless version is scheduled to expand its capabilities to support the deployment of prominent open-source LLMs and models from Alibaba's AI model community, ModelScope.
  • "Alibaba Cloud continues to remain at the forefront of AI and cloud technology innovation.
  • To foster enhanced creativity among designers, Alibaba Cloud has introduced PAI-Artlab, a comprehensive platform for model training and image generation.
  • These new models are based on the open-source Tongyi Qianwen LLMs, namely the Qwen-7B and Qwen-14B, developed by Alibaba Cloud.

Alibaba Cloud Unveils Serverless Solution to Harness Gen-AI Capabilities for Enterprises

Retrieved on: 
Monday, February 5, 2024

SINGAPORE - Media OutReach Newswire - 30 January 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, unveiled a serverless version of its Platform for AI (PAI)-Elastic Algorithm Service (EAS), designed to offer a cost-efficient solution for model deployment and inference to individuals and enterprises.

Key Points: 
  • SINGAPORE - Media OutReach Newswire - 30 January 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, unveiled a serverless version of its Platform for AI (PAI)-Elastic Algorithm Service (EAS), designed to offer a cost-efficient solution for model deployment and inference to individuals and enterprises.
  • "Alibaba Cloud continues to remain at the forefront of AI and cloud technology innovation.
  • To foster enhanced creativity among designers, Alibaba Cloud has introduced PAI-Artlab, a comprehensive platform for model training and image generation.
  • These new models are based on the open-source Tongyi Qianwen LLMs, namely the Qwen-7B and Qwen-14B, developed by Alibaba Cloud.

Alibaba Cloud Supports the First Winter Youth Olympic Games in Asia to Enhance Efficiency and Engagement

Retrieved on: 
Tuesday, January 30, 2024

As the official cloud services partner of the IOC, Alibaba Cloud continues to foster a more efficient Winter Youth Olympic Games and maximise the engagement for sports fans.

Key Points: 
  • As the official cloud services partner of the IOC, Alibaba Cloud continues to foster a more efficient Winter Youth Olympic Games and maximise the engagement for sports fans.
  • As Asia's first Winter Youth Olympic Games, the Gangwon 2024 Organizing Committee has deployed its major platforms for operations, including the staff management portal and ticketing system, on Alibaba Cloud's scalable and secure cloud infrastructure to optimize efficiency.
  • The digital flame, displayed at a 8.6m*2.5m*2.7m physical "cauldron" stationed at the Olympic Park in Gangwon, is to be lit throughout the Winter Youth Olympic Games.
  • To inspire the young generation in South Korea to unleash their creativity, the Gangwon 2024 Organizing Committee have partnered with Alibaba Cloud to host the "Gangwon 2024 Winter Youth Olympic Games Alibaba Cloud Hackathon".