COMPANY NEWS: Alibaba is kicking off its seventh Maker Festival in Guangzhou, bringing together established brands and budding entrepreneurs. The event features an innovation and entrepreneurship forum on August 24 and showcases trailblazing creations from around 1000 merchants in an offline exhibition from August 26-30. At the event's opening ceremony, the company announced new support measures for small and medium-sized enterprises (SMEs) operating on Taobao and Tmall.
Chinese tech giant Alibaba Group has unveiled its first AI inference chip developed by T-Head under the Alibaba DAMO Academy, an initiative it says will accelerate the speed of machine learning tasks – and lead technology development and scientific research.
Payment platform Adyen is collaborating with Chinese leading payments platform Alipay to support payment methods for the AliExpress, Taobao, Tmall and Alibaba.com brands globally.
In a first, Chinese-based e-commerce hosting website Alibaba has sued two of its resellers for selling fake goods on its Taobao platform.