Alibaba

Alibaba has struck a multi-year deal to bring its AI and cloud technology to NBA China. The partnership will see Alibaba Cloud power streaming, data analytics, and AI tools for NBA content and fan experiences in China.  The move is a clear step in Alibaba’s shift from e-commerce into global sports technology and cloud services….

The latest earnings report of Alibaba tells two very different stories. On one side, we see strong growth from its artificial intelligence and cloud services. On the other hand, profits are shrinking as China’s “food war” creates a storm of price cuts and heavy competition. This mix of progress and pressure makes Alibaba’s journey worth…