Alibaba

The chip was taped out in July and will be used in Alibaba Cloud data centers.

The chip has 128 cores and is built on a 5nm process, making it the most advanced server chip in terms of process, surpassing similar products from Amazon and Huawei.

Alibaba and Baidu have taken stakes in local chipmaker Phytium Technology, according to information from data provider Tianyancha.

Alibaba has launched the "Ten Actions to Promote Common Prosperity" and will set up a special permanent institution for this purpose.

A female employee of Alibaba accused her superior and a company client of raping her, becoming the focus of attention for Chinese Internet users this weekend and leaving the Chinese e-commerce giant facing one of its biggest crises since its inception.

Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297.

Alibaba has invested nearly RMB 3.4 billion ($530 million) in the fight against Covid-19 over the past year, donating a total of 200 million items in China and 150 other countries, the Chinese e-commerce giant said.

Alibaba launched a campus recruitment campaign for the class of 2022 college graduates on July 19, opening 113 positions, including 45 for fresh graduates for the first time.

PingTouGe Semiconductor, the chip division of Chinese e-commerce giant Alibaba, today announced a new processor in its Xuantie series - the Xuantie 907.

Alibaba posted an operating loss of 7.663 billion yuan ($1.170 billion) in its fiscal fourth quarter ended March 31 this year, the e-commerce giant's first quarterly loss since going public, mainly affected by fines from an antitrust investigation.