Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares - BABA STOCK NEWS

Alibaba Cloud has launched ModelScope, an open-source Model-as-a-Service platform featuring hundreds of AI models for developers and researchers. The platform includes over 300 deployable models, such as advanced pre-trained models capable of transforming text into images. Additionally, Alibaba introduced serverless database solutions designed to enhance product deployment efficiency. With significant updates to its data analytics platform, Alibaba Cloud aims to reduce operational costs by 50% for clients, further solidifying its position as a leading public cloud provider globally.

Alibaba Cloud recently unveiled the Wuying Cloudbook at the Apsara Conference, enhancing its cloud computing offerings. This device enables enterprises to achieve unlimited computing power while ensuring high data security and operational efficiency.

The Wuying Cloudbook supports multiple operating systems and offers a sleek design with advanced collaborative capabilities. Notably, the device helps various sectors, including automotive and education, streamline operations and improve research efficiency through its innovative cloud architecture.

Alibaba Group has launched its 14th edition of the 11.11 Global Shopping Festival, featuring over 290,000 brands and a record 17 million products available to more than 1 billion consumers. The event aims to boost merchant loyalty programs, with more than 600 brands having surpassed one million members. Alibaba's 88VIP program boasts over 25 million members with high annual spending. The Festival will introduce sustainability initiatives, including low-carbon product labeling, while enhancing livestreaming and business support for merchants

Publicis Groupe reported a strong Q3 2022 with a +23.5% increase in net revenue, reaching €3,237 million, driven by double-digit organic growth of +10.3%. Key contributors include Publicis Sapient at +18.1% and Epsilon at +13.9% organic growth. The company upgraded its FY 2022 guidance, now projecting organic growth of approximately +8.5% and an operating margin close to 18%. Free cash flow is expected to be about €1.6 billion. Overall, performance exceeded pre-pandemic levels, with organic growth of +16% compared to Q3 2019, showcasing resilience amid economic uncertainties.

OceanBase, a distributed relational database provider, announced its cloud service is now available on Amazon Web Services (AWS) Marketplace. This listing allows AWS customers to access OceanBase’s services, which offer ultra-fast performance, elastic scalability, and cost-effectiveness for analytics workloads. Notably, OceanBase holds refreshed TPC-C and TPC-H records and provides a disaster recovery standard with zero Recovery Point Objective (RPO). The cloud-neutral platform serves over 400 customers globally, including major financial institutions and mobile payment providers in Southeast Asia.

AliExpress, part of Alibaba Group (NYSE: BABA), is enhancing its global market presence, particularly in Europe, with the support of Similarweb (NYSE: SMWB). Utilizing Similarweb’s platform, AliExpress can identify new referral traffic sources and optimize affiliate partnerships across more than 190 countries, where it offers over 100 million products. Notably, AliExpress's visibility in Europe has grown by 20% year-over-year. With Similarweb’s competitive insights, AliExpress aims to refine its marketing strategies and boost market share.

Alibaba.com has expanded its Manifest Grants Program, committing a total of $750,000 to support American small and medium-sized businesses. This initiative, conducted in partnership with organizations like Hello Alice and Indiegogo, aims to provide 50 grant recipients with $10,000 each in cash and $5,000 for logistics support. Participants will also gain access to various resources and mentoring opportunities, including a potential mentorship with Daymond John during Black Entrepreneurs Day on October 27. The program highlights Alibaba's commitment to enhancing diversity in entrepreneurship.

FXCM Group announces its trading data for July, highlighting the most popular instruments in Single Share CFD and Stock Basket products. Notably, Alibaba (BABA) remains a top choice, ranking second among single shares traded in both US and HK markets. Tesla leads the rankings. The FAANG stock basket continues to dominate, while US e-commerce saw significant volume growth. Overall, trading trends reveal fluctuating interest amid ongoing economic concerns.

Farfetch Limited (NYSE: FTCH) reported Q2 2022 financial results, with Gross Merchandise Value (GMV) increasing 1.3% year-over-year, totaling $1 billion. Revenue rose 10.7% to $579.3 million. Notably, the Brand Platform GMV saw significant growth of 47.3%, reaching $107.1 million. However, Digital Platform GMV declined by 3.3% to $883.1 million, impacted by challenges in Russia and China. Profit after tax decreased to $67.7 million. With a cash position of $675.2 million, the company is navigating a volatile macro environment while pursuing strategic partnerships like the one with Richemont.