BABA Jun 2024 60.000 call
- Reuters
LVMH deepens partnership with Alibaba to boost tech presence in China
"The reinforcement of our partnership will help us to further accelerate our omni-channel business growth," said Stephane Bianchi, group managing director of LVMH, referring to various shopping avenues both in-store and online. LVMH, the world's biggest luxury group, and the Chinese e-commerce giant first forged a partnership in 2019.
- Benzinga
Alibaba Sparks AI Price War With Massive Discounts: Report
In a major move, Alibaba Group Holding Ltd (NYSE:BABA) slashed prices on its artificial intelligence services by up to 97%, prompting immediate reactions from competitors Baidu Inc (NASDAQ:BIDU) and ByteDance Ltd. This aggressive pricing strategy is expected to ignite a price war in China's emerging AI sector. Baidu responded soon with free services based on its Ernie AI models, shortly after Alibaba announced price cuts on nine products utilizing its Tongyi Qianwen technology. ByteDance had alr
- Zacks
Alibaba (BABA) Partners With Douyin to Expand its Customer Base
Alibaba's (BABA) Taobao and Tmall Group partners with Douyin, bolstering its presence in the China e-commerce market.
