Alibaba Group News - August 24, 2026

Alibaba Launches Wan3.0 AI Model to Turn Documents Into Video

Alibaba officially launched its Wan3.0 AI video generation model. This release follows a public beta version unveiled on August 6. The model generates videos...

🔴 Alibaba Group is trading 3.46% down in pre-market after announcing $10.2 billion share placement

Alibaba Group is trading at $115.21 (-3.46%) after announcing an HK$80 billion ($10.2 billion) placement of 710 million new shares at HK$112.70, an 8.4%...