From CNBC: 2024-10-15 21:54:25

Chinese e-commerce giant Alibaba invests in its international arm as growth slows in China. Marco MT, an AI translation tool, is seen as better than Google, DeepL, ChatGPT. It includes 15 languages. Alibaba’s international sales, from platforms like AliExpress and Lazada, grew 32% to $4.03 billion, while Taobao and Tmall sales dropped by 1%. The app launched an English version in Singapore. Operating losses narrowed.

Read more: China’s Alibaba claims AI translation tool beats Google, ChatGPT