The new division puts CEO Eddie Wu at the centre of Alibaba’s AI strategy as the company seeks fresh growth drivers.

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.

Alibaba reorganizes AI strategy with Token Foundry and Token Hub, boosting cloud growth and new revenue streams.

Alibaba’s Qwen3.7-Max ranked fourth on Code Arena, beating OpenAI and Google models in a web development benchmark.

BEIJING, June 8, 2026 /PRNewswire/ -- Amap, Alibaba's location-based services platform, today announced the launch of ABot-Earth0.5, the world's first 3D native city-scale world model, offering a cost-effective and efficient alternative to traditional 3D city modelling.

Alibaba announced updates to its AI offerings, including a more powerful chip and a new large language model.

On Monday, Alibaba Group Holding BABA launched a new AI unit, Token Foundry, consolidating its Tongyi Lab and Future Life Lab under CEO Eddie Wu Yongming as the company accelerates its AI commercialization strategy.

Alibaba previously disclosed that AI-powered shopping tools across its platforms had attracted more than 140 million users by February. The company has also invested heavily in cloud infrastructure and AI development to support expanding demand from businesses seeking to deploy advanced AI services.