Yu Minhong: If I had met Jack Ma earlier, I would have been a major shareholder of Alibaba
Yu Minhong: If I had met Jack Ma earlier, I would have been a major shareholder of AlibabaOn April 11, 2016, Yu Minhong, while giving a speech at the Three Gorges University in Yichang, reminisced about the founding of Alibaba by Jack Ma in 1999, his fifth entrepreneurial venture. At the time, Jack Ma was struggling to raise the 500,000 yuan needed to establish the company, while New Oriental, led by Yu Minhong, had 50 million yuan in cash on hand...
Alibaba's Net Profit Plunges 96%: Is It A Fall From Grace or a Rebirth?
Alibaba's Net Profit Plunges 96%: Is It A Fall From Grace or a Rebirth?In the first quarter of 2024, Alibaba Group's net profit plummeted by 96%, reaching only 919 million yuan. This news, like a bombshell, has sent shockwaves through the capital market and public opinion...
Xiaohongshu: From Valuation Decline to Profit Growth, How is the Commercialization Path Proceeding?
Xiaohongshu: From Valuation Decline to Profit Growth, How is the Commercialization Path Proceeding?Xiaohongshu, a social platform known for sharing lifestyles and creating buzz, has experienced a turbulent growth journey in recent years. From a valuation of $20 billion in 2021 to $14 billion by the end of 2023, the decline in valuation has sparked concerns about its future prospects...
The International Space Station: Where Technology Meets Reality
The International Space Station: Where Technology Meets RealityHumanitys exploration of space has never ceased. The International Space Station (ISS), a symbol of humankinds cosmic endeavor, carries countless dreams and aspirations...
From Internet Godfather to "Elephant Turn": The Rise and Fall of Jack Ma and Alibaba
From Internet Godfather to "Elephant Turn": The Rise and Fall of Jack Ma and AlibabaPrefaceJack Ma, a household name, led Alibaba to write a legend in China's internet history. From a small apartment in Hangzhou, to becoming a global e-commerce giant, Jack Ma's success story inspired a generation...
Joe Tsai: A Legendary Capital Player From the Nets to Alibaba
Joe Tsai: A Legendary Capital Player From the Nets to AlibabaIn today's business world, there is a figure who is both the former majority owner of the NBA's Brooklyn Nets and one of the key figures in Alibaba Group. He is Joe Tsai...
The Luxury Car Market Returns to Rationality: BBA Exits Price War, Domestic Luxury Brands Seize Opportunities
The Luxury Car Market Returns to Rationality: BBA Exits Price War, Domestic Luxury Brands Seize OpportunitiesAfter an intense price war, the domestic luxury car market is undergoing a new adjustment. BMW took the lead in announcing its withdrawal from the price war and raised prices for several models...
Shanghai Metro Now Accepts AlipayHK, Enabling "One-Code Ride" for Hong Kong Tourists
Shanghai Metro Now Accepts AlipayHK, Enabling "One-Code Ride" for Hong Kong TouristsOn July 17th, Shanghai Metro announced full support for AlipayHK, the Hong Kong e-wallet. Users can now easily ride the subway by simply scanning with their AlipayHK app...
Baidu's Wenxin Yanyi Launches Custom Voice Feature, Empowering Users with Personalized Interactions
In recent years, artificial intelligence (AI) technology has berkembang pesat; as a leading AI platform, Baidu's Wenxin Yanyi is dedicated to providing users with innovative and personalized experiences. Recently, Wenxin Yanyi has launched an exciting new feature that allows users to customize their own voice in seconds...
LiLi the Digital Human Pioneers VR Foray into Reality TV
LiLi, the digital human from Alibaba's Entertainment Media Group, made her reality TV debut on Youku's popular variety show "The Box Cat", sparking online discussions. Following her role as "Erzhuang" in the animated series "Under One Person", LiLi is the first hyper-realistic digital human to participate in a live-action reality show in China...
DingTalk AI Assistant Upgrade: Multi-Modality, Long Text, and RPA Empowering Work and Productivity
On March 28, DingTalk AI Assistant announced a series of significant upgrades, including product capabilities such as image comprehension, document speed reading, and workflow, marking a major breakthrough in the integration of multi-modal, long text, and RPA (Robotic Process Automation) technologies into AI applications. Enhanced Visual Reasoning and Long Text Reading Capabilities Powered by Alibaba's Tongyi Thousand Questions Large Model Based on the Tongyi Thousand Questions large model developed by Alibaba, the upgraded DingTalk AI Assistant boasts stronger visual reasoning and long text reading capabilities...
Restarting the US Lunar Landing Program: Revealing the Deep Causes of Space Competition
Landing on the moon has always been the ultimate goal in the field of space exploration, and space agencies from various countries are competing to launch lunar exploration plans. However, the recent announcement by the United States to restart its lunar landing program has sparked widespread speculation about the motives behind it...