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BABA Dec 2025 45.000 put
- Fortune
The race to lead China’s AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices
China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.
- Reuters
LVMH deepens partnership with Alibaba to boost tech presence in China
(Reuters) -French luxury group LVMH will deepen its partnership with Alibaba to leverage the firm's cloud and artificial intelligence capacities and boost its presence in China, the companies said on Wednesday. The world's biggest luxury group, and the Chinese e-commerce giant first forged a partnership in 2019. The reinforced ties come as luxury companies redouble efforts to cater to shoppers in China, where demand has been dampened by a property crisis and high youth unemployment.
- 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
