Alibaba

E-commerce, retail, digital media, logistics & cloud computing, (stellarprojectsrussia.com) Issuser Address: GB6AUXI634UPHPXB2WHQE2ZLMROSEOFGEAGV67JJJY7BUW7JNGDH5COH ICO On 20/09/2023 CB:30,000%

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Founded by Jack Ma and 17 others, Alibaba specializes in e-commerce, retail, Internet, digital media and entertainment, and logistics and cloud computing services. It was initially funded by Wallenberg family, Goldman Sachs, and SoftBank

Global accolades:
- 2014 IPO on NYSE raised US$25 billion (company market value of US$231 billion) and is the 2nd largest IPO in world history
- 2020 rated as the 5th largest AI company
- one of the biggest VC firms and investment corporations
- 2nd largest financial services group behind Visa via its fintech arm Ant Group
- hosts the largest B2B (Alibaba.com), C2C (Taobao online shopping platform), and B2C (Tmall online retail platform to complement the Taobao) marketplaces in the world
- expanded media division with triple percentage YOY increase in revenue

Other key services:
- 2004 Alipay 3rd party online payment platform with escrow service
- 2014 Cainiao for global logistics and package delivery
- 2016 gained controlling interest in Singaporean Lazada (warehouse direct model) which operates in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam
- 2016 Alitrip online travel platform for airlines and agencies (later named Fliggy)
- 2017 JV with Marriott International
- 2017 AliGenie open-platform intelligent personal assistant
- AliHealth, AliSports, AliMusic

In December 2020, Chinese regulators opened an antitrust investigation into Alibaba, and China's central bank, plus 3 other regulators, instructed Alibaba to return its focus to digital-payments

Jack Ma mysteriously vanished for months in the middle of the probe. Since then, his likeness has made very few photo/online appearances that "looked orchestrated" and tout "Rural Revitalization and Common Prosperity" to narrow the wealth gap, core tenets of President Xi's initiative

Since then, Alibaba (and other Chinese tech companies) has been known to be under Xi's control

In March 2023, the company announced it would reorganize into six business groups and other investments and follow a holding company model

In September 2023, under new CEO leadership, Alibaba has began simultaneously promoting younger people to senior management as well as transforming into an AI-based company, making this its most ambitious restructuring in its history (https://www.msn.com/en-us/money/other/alibaba-s-new-ceo-embraces-ai-and-wants-a-younger-management-team/ar-AA1gAV4s)

Eddie Wu, one of the student co-founders of Alibaba with his mentor Ma, is not only a veteran coder and Alibaba lifer since its inception, but also leads a $1.4 billion VC firm with a portfolio encompassing autonomous driving and Internet of Things

?️Looking forward, Alibaba’s two main strategic focuses will be ‘User First’ and ‘AI-driven,’. We will recalibrate our operations around these two core strategies and reshape our business priorities. Over the next decade, the most significant change agent will be the disruptions brought about by AI across all sectors. If we don’t keep up with the changes of the AI era, we will be displaced?️
- Eddie Wu, CEO

Alibaba is now focussed on promoting those born after 1985 to form “the core of its business management team” within the next four years and will  reinforce its strategic investments in three areas: technology-driven internet platforms, AI-driven tech businesses and global commerce networks. It is now also adopting an open-source and collaborative relationship with companies that it traditionally has considered as competitors

On 12 September, Alibaba opened its AI model Tongyi Qianwen (https://www.reuters.com/business/retail-consumer/alibaba-opens-ai-model-tongyi-qianwen-public-2023-09-13/) to the public and OPPO, Taobao, DingTalk and Zhejiang University have already signed cooperation agreements to train their own large language models or develop language model applications based on it. Tongyi Qianwen, which is more advanced than either ChatGPT or GoogleBard because it can also "read and act" on images and answer multi-round questions in Chinese and English, will be integrated into all Alibaba business applications (https://cointelegraph.com/news/alibaba-launches-chat-gpt-like-ai-model-for-public-restrictions-china). An open source version of the LLM will become available for free commercial use "by the whole society" in the future

Their Cloud Intelligence Unit is also looking for up to $3.8 billion funding from state-backed telecom firms, which will increase their government cloud contracts, boost the use of Alibaba’s related services, and integrate virtually every phone user into their expansive AliPay network

Further, also in September, Ant Group (Alibaba affiliate and owner of AliPay) introduced a generative AIML model called “Smart Wealth” (Zhixiaobao) and a tool for financial professionals (Zhixiaozhu) to provide investors with wealth management advice, investment analysis, and insurance platforms

Recent News:
19 Sept: Alibaba Pictures to Pay $167 Million for Damai, Chinese Live Events Firm, Signaling Group’s Entertainment Reshuffle (https://www.msn.com/en-us/money/other/alibaba-pictures-to-pay-167-million-for-damai-chinese-live-events-firm-signaling-group-s-entertainment-reshuffle/ar-AA1gWRfY)
18 Sept: Alibaba tells Erdogan it plans to invest $2 billion in Turkey (https://www.reuters.com/technology/alibaba-tells-erdogan-it-plans-invest-2-billion-turkey-2023-09-18/)
16 Sept: Cloud technology: Alibaba to make Hangzhou Asiad most seamless, high-tech games (https://manilastandard.net/sports/314371034/cloud-technology-alibaba-to-make-hangzhou-asiad-most-seamless-high-tech-games.html)
8 Sept: China’s Ant Group Debuts Generative AI for Finance and Insurance (https://mpost.io/chinas-ant-group-joins-ai-race-debuts-generative-ai-for-finance-and-insurance/)
6 Sept: Alibaba’s Amap, supported by China’s GPS rival Beidou, expands global coverage to boost Belt and Road plan (https://www.scmp.com/tech/tech-trends/article/3233611/alibabas-amap-supported-chinas-gps-rival-beidou-expands-global-coverage-boost-belt-and-road-plan)

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