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  5. ALIBABA GROUP HOLDING LIMITED [(ALIBABA-HK, 09988), ALIBABA-US, BABA)]

ALIBABA GROUP HOLDING LIMITED [(ALIBABA-HK, 09988), ALIBABA-US, BABA)]

24/08/2026 08:25 am MYT

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This week, i Capital updates Alibaba Group Holding Limited (Alibaba). To recap, Alibaba is China's largest e-commerce platform company, founded by Ma Yun in Hangzhou in 1999. The Company is dual-listed on the New York Stock Exchange and the Stock Exchange of Hong Kong. As of 31 Dec 2025, the Company had 128,197 full-time employees serving customers around the globe. The Company reports under 4 business groups: 1) China E-commerce Group, 2) Alibaba International Digital Commerce (AIDC), 3) Cloud Intelligence Group (CIG), and 4) All others. 

LLM

While artificial intelligence (AI) is at the centre of Alibaba's business model, the Large Language Model (LLM) forms the core of its AI strategy. Qwen (通义千问), its proprietary open-weight foundation model, empowers business areas from e-commerce to Cloud. As a leading Chinese LLM, Qwen faces fierce competition from international and Chinese peers amidst the intensifying model iteration race. 


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Note from Publisher

Europe is the world's fastest-warming continent, and its summers are getting more extreme with each passing year. This year, successive heatwaves pushed temperatures past 35°C to 40°C, causing shrinking rivers, drought, wildfires, and significant loss of human life, not to mention substantial economic damage. Many European countries were not adequately prepared for such extreme summer conditions and have struggled to cope with their consequences.

Malaysia has been blessed by Mother Nature with abundant sunshine and rainfall. Nevertheless, the country would be wise to prepare for increasingly extreme weather brought about by climate change, as Malaysia is not immune to the effects of global warming. According to the Malaysian Meteorological Department (MetMalaysia), there is a more than 90% chance that Malaysia will experience 'Super El Nino' between Oct and Dec 2026. MetMalaysia said the 2026–2027 Super El Nino could rank among the most extreme events ever recorded, with temperatures exceeding 40°C. Malaysia should take MetMalaysia's warnings seriously and prepare well in advance to ensure that the country is not caught off guard.

i Capital will pause its publication for one issue in the week starting 31 Aug. However, www.icapital.biz will be updated as usual and the operating hours of our Kuala Lumpur office will remain unchanged. The next issue, Volume 38, number 8 of i Capital, will be dated 10 Sep - 16 Sep 2026.

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