Chinese giant Alibaba released Wan 2.1 and made it open-source: It's a text-to-video AI service similar to OpenAI's Sora.

Alibaba (BABA) has opened its Wan 2.1 AI model, which generates images and videos, to the public. The Wan 2.1 series was launched earlier this ...

In January, Alibaba released another model, Qwen 2.5 Max, which it said surpassed the performance of DeepSeek’s highly acclaimed V3 model, released just a few weeks before. Last week ...

For the quarter ending in December, Alibaba posted an 8% rise in revenue to 280.2 billion yuan, or $38.6 billion. Profit rose to 48.9 billion yuan, beating analysts' expectations. "The pursuit of ...

BEIJING, Feb 26 (Reuters) - Chinese e-commerce leader Alibaba (9988.HK), opens new tab said on Wednesday its video- and image-generating artificial intelligence model Wan 2.1 is now publicly ...

The surge in Alibaba shares sent Hong Kong's Hang Seng Index closing 2.6% higher on Wednesday. The index is up 9% year-to-date. The Hang Seng Tech Index closed 2.6% higher. It is 18% higher this ...

Alibaba said Thursday that its revenue for the quarter ended December grew 8% to 280.2 billion yuan ($38.38 billion) compared to the same period last year. Net income surged to 48.9 billion yuan ...