Alibaba Group News - May 27, 2026
Alibaba Beats OpenAI in Coding, Breaking US Top Five Dominance
Alibaba Group’s Qwen3.7-Max model secured fourth place on the global Code Arena leaderboard. The model outperformed competing AI products from OpenAI and...
ByteDance eyes $70B AI spending surge, aiming to challenge US rivals
ByteDance is discussing a 2026 capital expenditure of up to $70 billion to expand its AI infrastructure and data centers. This figure marks a sharp increase...
AliExpress US Sales Surge 50%, Fueled by Tripled Global Investment
AliExpress reported a Gross Merchandise Volume (GMV) increase of over 50% for its US site during May 2026. This growth coincided with a peak in new merchant...