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Alibaba News

Alibaba Slashes Prices on Large Language Models by Up to 85% to Compete with Rivals

Ryan Peterson 31 Dec, 2024

Alibaba Cloud has announced a significant price reduction of up to 85% on its large language models, including the Qwen-VL visual language model. This strategic move aims to boost ...

Business

Alibaba Sells Intime Department Store Arm for $1 Billion Amid Restructuring

Ryan Peterson 17 Dec, 2024

Alibaba Group sells its department store arm, Intime, to Youngor Fashion for 7.4 billion yuan ($1.02 billion) as part of its strategic business restructuring.