Tag: $Alibaba Group Holding Ltd.

Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued shares to non-U.S. investors. 

Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.

Meta wants to lead in open-source AI. China’s Alibaba just reminded the U.S. tech giant how competitive the market is.

Alibaba Group is expected to reap more ‌than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar Capital, a person familiar with the matter told Reuters.

Alibaba unveiled its latest and “most powerful” AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI gap with the U.S..

Alibaba’s AliExpress was ​hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales ‌of illegal, unsafe and counterfeit products on its platform.

U.S.-listed shares in Chinese conglomerate Alibaba rose 4% in premarket trading on Wednesday after confirming that its Qwen AI model will be integrated into Apple systems in China. 

Shares in Alibaba Group jumped as much as 12.5% in Hong Kong on Wednesday, their biggest single-day gain since September, as investors grew optimistic ahead of the e-commerce giant’s upcoming earnings and rotated capital into Chinese internet stocks that had lagged the broader market rally.

Chinese tech giant Alibaba  has banned employees from using Anthropic’s Claude ‌Code at work after the tool drew scrutiny for features that can help identify China-linked users, according to a person familiar with the order.

Alibaba Group Holding Ltd. is offering $1.5 billion to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from Meituan in online commerce.

The United States on Monday added Chinese e-commerce giant Alibaba internet search provider Baidu, and automakers ​BYD and NIO to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries.

Alibaba unveils Zhenwu M890 AI chip
Chip is three times faster than previous generation
Multi-year roadmap includes V900, J900 chips

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce, even as the company’s executives talked up its AI revenue growth.

Alibaba Cloud is investing in a new type of artificial intelligence designed to better replicate the real world using a different approach from chatbots such as OpenAI’s ChatGPT.

Alibaba and China Telecom are launching a data center in southern China powered by the e-commerce giant’s own chips, as the country ramps up its focus on homegrown AI infrastructure.

Chinese tech giant Alibaba on Thursday reported net income had dropped 66% year-over-year, as it missed analyst revenue expectations.

Alibaba Group (9988) on Tuesday ​launched an artificial intelligence platform for enterprises targeting automation, intensifying ‌competition in China’s rapidly evolving AI agent market following the OpenClaw craze that has gripped the country’s tech sector.

Alibaba Group Holding Ltd. is setting up a business unit to bring its sprawling AI services and development endeavors under a single umbrella, signaling its determination to profit off artificial intelligence.

Alibaba Group Holding Ltd., the Chinese e-commerce player that has become a leader in artificial intelligence, is stepping up a push into software coding tools, offering low-cost access to several of the country’s top AI models.

Alibaba (BABA) has upgraded its flagship artificial-intelligence model. It’s another AI threat for software stocks, although corporate caution around using Chinese technology might limit the immediate risk.