Tag: Alibaba

Alibaba’s AI can diagnose coronavirus within seconds

Alibaba, China’s Amazon, Microsoft, gaming developer, and healthcare network, all in one just came up with an AI system for diagnosing the COVID-19 (coronavirus). The AI system developed can review 300 chest CT scans in less than 20 seconds to determine if the patient is infected or not. Currently, at least 100 healthcare facilities in China are implementing the AI solution for Coronavirus screening.

Alibaba claims its Singles Day hit $13bn in first hour

Chinese e-commerce giant Alibaba Group Holding Inc’s sales for its annual Singles’ Day shopping blitz hit 91.2 billion yuan ($13 billion) within the first hour, up 32% from last year’s early haul of 69 billion yuan. Akin to Black Friday and Cyber Monday in the United States, Singles’ Day has been promoted as a shopping fest by Alibaba Chairman and Chief Executive Daniel Zhang since 2009.

Alibaba looking for second listing in Hong Kong

Bloomberg news have reported that US -listed, Chinese e-commerce leader, Alibaba Group is exploring a potential second listing in Hong Kong, as early as the second half of 2019, that could raise $20 billion as Beijing seeks to encourage its tech titans to list closer to home. This listing is intended to help Alibaba “diversify funding channels and boost liquidity.”