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- Reuters
LVMH deepens partnership with Alibaba to boost tech presence in China
"The reinforcement of our partnership will help us to further accelerate our omni-channel business growth," said Stephane Bianchi, group managing director of LVMH, referring to various shopping avenues both in-store and online. LVMH, the world's biggest luxury group, and the Chinese e-commerce giant first forged a partnership in 2019.
- MediaOutReach
LVMH Redefines Luxury Retail Experience in China with a new extended partnership with Alibaba
PARIS, FRANCE - Media OutReach Newswire - 22 May 2024 - LVMH Group, the world leader in high-quality products, and Alibaba Group, the leading e-commerce and technology company in China, today announced an extended partnership to push further the boundary of luxury experience in China, leveraging Alibaba's cloud technologies, through AI-powered innovations in retail and on-line with Tmall. The deepened partnership is a strong commitment to the shared dedication of the two companies to pioneering
- Benzinga
Alibaba Sparks AI Price War With Massive Discounts: Report
In a major move, Alibaba Group Holding Ltd (NYSE:BABA) slashed prices on its artificial intelligence services by up to 97%, prompting immediate reactions from competitors Baidu Inc (NASDAQ:BIDU) and ByteDance Ltd. This aggressive pricing strategy is expected to ignite a price war in China's emerging AI sector. Baidu responded soon with free services based on its Ernie AI models, shortly after Alibaba announced price cuts on nine products utilizing its Tongyi Qianwen technology. ByteDance had alr
