BABA Dec 2024 95.000 call
- Fortune
The race to lead China’s AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices
China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.
- Reuters
LVMH deepens partnership with Alibaba to boost tech presence in China
(Reuters) -French luxury group LVMH will deepen its partnership with Alibaba to leverage the firm's cloud and artificial intelligence capacities and boost its presence in China, the companies said on Wednesday. The world's biggest luxury group, and the Chinese e-commerce giant first forged a partnership in 2019. The reinforced ties come as luxury companies redouble efforts to cater to shoppers in China, where demand has been dampened by a property crisis and high youth unemployment.
- WWD
LVMH Expands Partnership With Alibaba Group to Deploy AI in China
The French luxury group aims to deliver cutting-edge retail experiences within China’s e-commerce ecosystem and keep pace with the country’s evolving data laws.
