Alibaba News
Alibaba is a major global e-commerce platform that facilitates international trade and connects businesses with buyers.
Istanbul hosts global e-export summit IGEXX 2026
The Istanbul Global E-Export Summit (IGEXX 2026) will convene over 50 global e-commerce marketplaces and industry leaders in Istanbul from September 3-5. The event represents a $2.75 trillion market, offering Turkish exporters direct engagement with major platforms like Amazon and Alibaba.
Alibaba to raise $10 billion for AI development
Chinese tech giant Alibaba plans to raise $10 billion by issuing new shares in Hong Kong to fund its global artificial intelligence ambitions, develop AI models, and strengthen infrastructure.
Alibaba Net Income Drops 75% Due to AI Spending
Alibaba reported a 75% drop in net income for the June quarter, falling to approximately $1.6 billion. The significant decrease is attributed to heavy investment in AI infrastructure.
Alibaba is a major global e-commerce platform that facilitates international trade and connects businesses with buyers.