Alibaba Completes Three-Year Regulatory Overhaul

The regulator noted that Alibaba’s rectification efforts have achieved satisfactory results and stated that it will continue to guide the company in regulating its operations and improving compliance.

Create Value

Alibaba described the regulator’s announcement as a “new starting point for development” and said it would continue to support the growth of the platform economy and create value for society.

Tora

Last month, it was announced that Alibaba Group Holding, the Chinese e-commerce giant, is developing Tora, a video-generating tool based on OpenAI’s Sora. Detailed in a paper released by five Alibaba researchers, Tora uses the Diffusion Transformer (DiT) architecture, the same framework used by OpenAI’s Sora, a text-to-video model launched in February.

Tora is the first trajectory-oriented DiT framework for video generation, ensuring precise movement along specified paths while mimicking real-world dynamics. The researchers adapted OpenSora’s workflow to transform raw videos into high-quality video-text pairs and used an optical flow estimator for trajectory extraction.

GPT-3

Using OpenAI’s GPT-3 language model, Sora turns text descriptions into video content, helping content creators, filmmakers, and storytellers with a new way to create visuals.

Sora can create detailed scenes with multiple actors, various motion styles, and precise backgrounds.

About E. J. McKay

E.J.McKay is a Shanghai-headquartered investment bank with a special focus on mergers & acquisitions. We are one of the most long standing independent investment banks in China, with core business of mergers & acquisitions and financing advisory.