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Eddie Wu Yongming

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Eddie Wu Yongming

The latest news on Eddie Wu Yongming, CEO of Alibaba Group, including China business and technology news.

Born

1975

Industry

Business

Job Title

CEO of Alibaba Group

Alibaba cements AI leadership as cloud unit reports fastest growth since 2022

Internally, the company is also betting big on the integration of AI technologies with its traditional e-commerce business.

16 May 2025 - 9:30PM

Alibaba’s quarterly revenue grows 7% as ‘all-in on AI’ strategy pays off

15 May 2025 - 9:16PM

Jack Ma’s Alibaba visit sparks nostalgia over company’s humble start

10 May 2025 - 6:30PM

Alibaba breaks down barriers as e-commerce giant focuses on core priorities

Alibaba will ‘mobilise at full strength and concentrate our efforts on a few core strategic priorities’, CEO Eddie Wu says in memo to staff.

9 May 2025 - 7:08PM

Alibaba has stepped back from its original plan to carve up the group. Photo: Shutterstock

How Alibaba is transforming into a catalyst for China’s AI boom

By empowering innovations through its own technology and supporting former employees, the tech giant is reshaping China’s AI landscape.

7 Apr 2025 - 10:16AM

Alibaba’s Quark draws positive reviews in China as AI agent race heats up

Quark shows Alibaba’s ambition to be competitive in the market for AI agents, like Butterfly Effect’s Manus and OpenAI’s Deep Research.

17 Mar 2025 - 9:00PMvideocam

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Alibaba revamps Quark search engine into AI super assistant

The new version of the web-search and cloud-storage tool offers advanced capabilities such as AI chatbot, deep thinking and task execution.

13 Mar 2025 - 8:00PMvideocam

The new version of Quark is envisioned as a gateway to “endless possibilities where users can explore everything with AI”. Photo: Handout

Alibaba.com targets 100% AI adoption by merchants in 2025

Zhang Kuo, president of Alibaba’s international wholesale marketplace, expects the AI initiative to help sellers and buyers on the platform.

11 Mar 2025 - 12:39PMvideocam

Alibaba rolls out AI model that it claims beats DeepSeek, OpenAI

Alibaba says its QwQ-32B AI model outperforms DeepSeek’s R1 in coding and problem solving while using fewer resources.

6 Mar 2025 - 4:26PMvideocam

Alibaba CEO meets Chongqing party secretary for AI partnerships

Chongqing party secretary and Politburo member Yuan Jiajun says the city has ‘major opportunities’ for collaboration with Alibaba.

26 Feb 2025 - 2:04PM

Politburo member and former rocket scientist Yuan Jiajun. Photo: Weibo

Alibaba investors hail e-commerce giant’s AI pivot, major outlay

Alibaba’s Hong Kong-listed shares surged 15 per cent on Friday, following an 8 per cent gain overnight in New York.

21 Feb 2025 - 9:00PM

Alibaba’s artificial intelligence investment strategy is expected to boost the company’s efforts to become a major player in this field. Photo: Shutterstock

Alibaba to ramp up AI, cloud investments as quarterly profit surges

CEO Eddie Wu said Alibaba will ‘aggressively invest’ in AI infrastructure and bolster research and development on advanced new AI models.

20 Feb 2025 - 10:05PM

Alibaba set on growth path after divesting offline retailing assets: analysts

After disposing of Sun Art and Intime, an ‘asset-light’ Alibaba is expected to be in a better position to compete against e-commerce rivals.

3 Jan 2025 - 7:00AM

Alibaba sells retailer Sun Art for US$1.7 billion to refocus on e-commerce

Alibaba agreed to divest its entire stake in Sun Art Retail Group to Chinese private-equity firm DCP Capital.

1 Jan 2025 - 8:49PM

The deal between Alibaba Group Holding and Chinese private equity firm DCP Capital was reached on December 31. Photo: Shutterstock

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

The merger of Alibaba’s domestic and overseas e-commerce businesses is expected to improve the firm’s operational and financial performance.

22 Nov 2024 - 8:33PM

Jiang Fan, the newly appointed chief executive of Alibaba E-commerce Business Group. Photo: Alibaba

Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.

27 Sep 2024 - 9:00PM

Alibaba CEO eyes greater AI research and development, open sources 100 new LLMs

Alibaba Cloud on Thursday also launched a new text-to-video model, as CEO Eddie Wu reveals increased pace of AI development at Apsara event.

19 Sep 2024 - 7:00PM

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Alibaba to deploy AI-powered sourcing engine to boost trade for global merchants

The AI-driven sourcing tool will be accessible to merchants from September via a mobile app and the website of business-to-business e-commerce platform Alibaba.com.

31 Jul 2024 - 8:31PM

Alibaba’s latest initiative shows how the vast international business-to-business e-commerce market remains a major focus for the company. Photo: Shutterstock

Alibaba reports big drop in carbon emissions as it eyes 2030 target

Alibaba reported significant improvements in reducing carbon emissions over the past year, with clean electricity accounting for more than half of all power consumption in its cloud data centres.

22 Jul 2024 - 1:19PM

Artificial intelligence

Alibaba Cloud touts endorsements from major clients in AI computing race

Alibaba Cloud and rivals are gunning for a market that is expected to expand faster this year, thanks partly to popularity of generative AI.

8 Jul 2024 - 11:17PM

China’s moonlighters seek side gigs on Alibaba’s online flea market

Xianyu, also known as Idle Fish, has launched a new feature allowing users to hire themselves out for part-time jobs.

3 Jul 2024 - 6:00PM

A Chinese woman stands in front of a billboard with the words “looking for a job” at a subway station in Beijing. Photo: AP Photo

Alibaba e-commerce unit’s latest executive reshuffle sees young leaders take over

The executive reshuffle at Taobao and Tmall Group shows how Alibaba is adhering to calls made by company co-founder Jack Ma to ‘give more power’ to young people.

31 May 2024 - 7:00AM

The executive reshuffle at Taobao and Tmall Group shows how Alibaba Group Holding is adhering to calls made by company co-founder Jack Ma to “give more power” to young people. Photos; Shutterstock

Alibaba emerges as major backer of high-flying Chinese start-up Moonshot AI

Alibaba has emerged as a major backer of Moonshot AI, one of China’s hottest artificial intelligence start-ups, holding a 36 per cent stake in the firm.

25 May 2024 - 10:10AM

Alibaba’s convertible bond sale to fund buy-backs ‘oversubscribed’

The Chinese tech giant is selling up to US$5 billion worth of convertible bonds, while company leaders set e-commerce and cloud computing as its core businesses in a move ‘towards strategic clarity’.

24 May 2024 - 7:23PM

Alibaba chairman Joe Tsai voices confidence in Chinese consumer spending

Confidence among Chinese consumers was showing ‘early signs of growth’, according to Alibaba chairman Joe Tsai, as the e-commerce giant expects business to be back on the growth path this year.

15 May 2024 - 12:54PM

Alibaba sees most profitable year since 2021 amid a refocus on core businesses

Alibaba net income rose 10 per cent to US$11 billion in the 2023 financial year, the first annual results since co-founder Joe Tsai took over as chairman.

14 May 2024 - 10:00PMvideocam

Alibaba’s signage atop one of the company’s offices in Beijing on February 6, 2024. Photo: Bloomberg

Alibaba seeks growth in Mongolia with marketplace selling Chinese goods

Launched in partnership with a local tech group, ShoppyHub.mn aims to offer products from Chinese manufacturers on Alibaba’s wholesale marketplace 1688.com.

8 May 2024 - 10:00AM

Alibaba’s flagship shopping site starts biggest revamp in 7 years

The e-commerce giant is rolling out the major overhaul ahead of China’s second-largest annual shopping extravaganza, the 618 sales event.

7 May 2024 - 10:00AM

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