Alibaba reorganizes for AI, while Chinese tech firms expand partnerships

Chinese tech giant Alibaba is undergoing a major restructuring to focus more on artificial intelligence. The company's CEO is now directly leading a new AI-focused business group, and Alibaba has also created a new AI tool for companies to build their own AI agents.

Separately, other Chinese tech firms are expanding their reach. Nvidia announced that Chinese automakers BYD and Geely will use its platform for developing robotaxis. Meanwhile, China's second-largest chipmaker is preparing to produce more advanced 7-nanometer chips, part of a broader push for technological self-sufficiency.