MILAN (Reuters) - Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday. The investment comes after the maker of $600 a pair sneakers abruptly pulled plans for a stock market listing last year.

Blue Pool has bought a 12 per cent stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday.

Marshall Group sells a majority stake in the guitar amp and headphones maker to Hong Kong venture capital firm HongShan Capital Group for $1.1 billion

Stocks rise on bets investors will look for cheaper options after DeepSeek’s popular low-cost AI model sparked a US$1 trillion tech rout.

An investment group backed by Alibaba co-founder Joe Tsai has bought a 12 per cent stake in Golden Goose in a deal that values the Italian luxury sports shoe brand at more than €2.2bn, according to people briefed on the situation.

Chinese tech and e-commerce giant Alibaba on Wednesday announced the release of Qwen2.5-Max, an advanced artificial intelligence model that the company says outperforms several leading AI systems in key benchmarks.

Two days after the release of DeepSeek-R1, TikTok owner ByteDance released an update to its flagship AI model, which it claimed outperformed Microsoft-backed OpenAI's o1 in AIME, a benchmark test that measures how well AI models understand and respond to complex instructions.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Cloud

Alibaba Group Holding released on Wednesday an upgraded version of its Qwen artificial intelligence (AI) model, which it said "comprehensively outperformed" in certain benchmark tests DeepSeek-V3, the large language model (LLM) launched in December by China's hottest start-up.

Initiative encouraged schools to leverage cloud and AI technologies and reinforced Alibaba’s commitment to sustainable innovation.

Alibaba has unveiled Qwen 2.5, an upgraded AI model it claims outperforms DeepSeek-V3, intensifying competition in China’s AI sector.

World shares are mostly lower after U.S. stocks edged back from their all-time high, with many regional markets closed for lunar new year holidays