A video recording of a livestream of Jack Ma, co-founder of Alibaba Group Holding Ltd., addressing teachers at an annual event he hosts to recognize rural educators, on a laptop computer arranged in Hong Kong, China, on Wednesday, Jan. 20, 2021. Ma has resurfaced after months out of public view that fueled intense speculation about the plight of the billionaire grappling with escalating scrutiny over his internet empire. Photographer: Justin Chin/Bloomberg
Global Investing
FT: How Jack Ma’s pivot to AI rehabilitated Alibaba
The Chinese tech giant is establishing a lead in a fiercely competitive sector, and its billionaire founder is back in favour
Key topics
- Alibaba pivots to AI, investing heavily in cloud, chips, and research.
- Jack Ma returns, regaining favour with Beijing and boosting investor confidence.
- Alibaba's Qwen AI model secures Apple partnership, strengthening its market lead.
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By Zijing Wu in Hong Kong and Eleanor Olcott in Hangzhou
The Chinese tech giant is establishing a lead in a fiercely competitive sector, and its billionaire founder is back in favour
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