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Benzinga

Business

Anusuya Lahiri

Alibaba Partners With Canaan Over AI

CAN (Organization) Alibaba Canaan Alibaba Group Holding Ltd Canaan Inc CoinDesk NYSE Tencent

Alibaba Group Holding Ltd (NYSE:BABA) has collaborated with Canaan Inc (NASDAQ:CAN), CoinDesk reports. The partnership is concerned with artificial intelligence.
Alibaba, which aims to build the future commerce infrastructure, will declare its December quarter results on February 24.
Related Content: Tencent, Alibaba Deny Launching NFT Trading Platforms To Chinese Regulators
Canaan is a leading high-performance computing solutions provider focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services.
Price Action: CAN shares traded higher by 6.20% at $5.14 in the premarket on the last check Tuesday.

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