Tag: Alibaba
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Alibaba launches AI model ‘Tongyi Qianwen’ as ChatGPT rival for enterprise testing
Alibaba has launched its long-awaited ChatGPT rival, “Tongyi Qianwen,” for enterprise testing. The launch is not open to the general public but is restricted to a few eligible enterprises. Currently, the company is extending invitations to enterprise users only to participate in experience testing. Interested users can submit their applications via the official website, and…
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Daraz Group to reduce 11% workforce in response to challenging market conditions
Daraz Group, an e-commerce subsidiary of Alibaba Group, will be reducing its workforce by 11 per cent in response to the challenging market conditions. The CEO, Bjarke Mikkelsen, noted the adverse impact of a war in Europe, significant supply chain disruptions, rising inflation, heightened taxes, and the elimination of crucial government subsidies on the company’s…
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Easiest way to sign up and sell products on Daraz
Many small to large businesses are now listed on Daraz and are generating great earnings. There is no doubt that online enterprises will play a significant role in Pakistan’s future as the globe continues to move toward a digital economy. You can now experience what it’s like to work with the world’s top online commerce…
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Pakistani startup Dastgyr raises $37 million in series A round
Dastgyr Technologies Pvt. has raised $37 million in Pakistan’s largest-ever Series A round. The company seeks to build an e-commerce platform for emerging economies comparable to Alibaba Group Holding Ltd. The funding was spearheaded by Veon Ltd.’s venture arm, which put up about 40 per cent of the money. Zinal Growth Fund, DEG, Khwarizmi Ventures,…