#ALIBABA News

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Alibaba’s cloud computing unit slashes prices by up to 55% on 100 core products

scmp.com Alibaba’s cloud computing unit cuts prices on 100 core products in China to capture more users involved in AI development projects ’s cloud computing unit has cut prices by…

Ex-Meta employees’ Aptos tests Hong Kong’s crypto appetite

techcrunch.com Ever since Hong Kong legalized cryptocurrency trading last June, blockchain projects from the West have been paying more attention to the Asian financial hub. Aptos, the…

IQiyi, the Netflix of China, posts first year of profits and says it's 'excited' about Sora

cnbc.com BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's…

Alibaba Unveils Big Cloud Price Cuts as AI Rivalry Deepens

finance.yahoo.com Alibaba Group Holding Ltd. is rolling out its second major price cut for cloud services in years, aiming to win back users from rivals like Tencent Holdings Ltd. competing…

Alibaba Cloud cuts prices, hard, for multi-year commitments

theregister.com Alibaba Cloud has made significant price cuts for those willing to use its datacenters in mainland China and commit to multi-year deals. The Chinese giant has detailed [in…

Why Baidu, Alibaba, and Other Chinese Stocks Sank on Wednesday

finance.yahoo.com Stocks of some of China's most widely held companies were sinking in unison on Wednesday, with several catalysts sending them lower. One company delivered a disappointing…

Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China

cnbc.com Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Alibaba 's cloud business on Thursday said it is…

Baidu’s Profit Halves After AI Spending Erodes Bottom Line

finance.yahoo.com Baidu Inc.’s profit plunged a worse-than-anticipated 48%, underscoring the growing costs of training and developing AI to fend off challengers in the burgeoning arena. •…

Baidu Stock Falls as Fourth-Quarter Revenue Disappoints

barrons.com Shares of Baidu, the Chinese internet company that specializes in artificial-intelligence services, were falling early Wednesday after reporting disappointing results.…

Baidu’s Revenue Climbs after AI Helps it Weather China Downturn

finance.yahoo.com Baidu Inc.’s revenue rose 6% after its ChatGPT-style service began to augment advertising sales, helping the Chinese AI leader weather a severe economic downturn. • None…

Alibaba pares brick-and-mortar retailing with eye on efficiency

asia.nikkei.com SHANGHAI -- Alibaba Group Holding, China's largest e-commerce company, is pulling away from its forays into offline retailing, shedding noncore investments as it pivots from…

Factories jump to Alibaba’s ecommerce rivals

youtube.com The diversification of online sales in China underlines the problems facing Alibaba, which is attempting an ambitious restructuring ...

Daily Open: Americans' mood on the economy sinks

cnbc.com U.S. President Joe Biden speaks with workers while visiting CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023. This…

Daily Open: Americans sour on the economy

cnbc.com US President Joe Biden speaks to employees at the CS Wind America Inc on November 29, 2023 in Pueblo, Colorado. This report is from today's CNBC Daily Open, our…

3 High-Growth China Stocks American Investors Can Buy

investorplace.com High-growth Chinese stocks to get you on the right side of the trade Many investors today have deemed China stocks as non-viable investments. However, being a contrarian…

Asia Fashion Ecommerce Market to Reach US$ 985 Billion by 2030, Rising at a CAGR of 9.5%

benzinga.com Burlingame, Feb. 27, 2024 (GLOBE NEWSWIRE) -- CoherentMI published a report, titled, Asia Fashion Ecommerce Market was valued at US$ 521 Billion in the year 2023, and is…

Alibaba staff offers glimpse into life of building LLM in China

techcrunch.com Chinese tech companies are gathering all sorts of resources and talent to narrow their gap with OpenAI, and experiences for researchers on both sides of the Pacific Ocean…

Alibaba Leads Record Deal to Create $2.5 Billion China AI Firm

finance.yahoo.com Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizeable investments that suggest…

3 Loved Stocks That Hedge Funds Are Buying in Bulk

investorplace.com These stocks are popular among the world's leading hedge fund managers. The latest 13F regulatory filings that disclose the buying and selling of stocks among hedge funds…

China’s Oppo unveils prototype augmented reality glasses with voice assistant as AI hype hits gadgets

cnbc.com They look like a regular pair of glasses with Oppo trying to find a design that can be worn every day as a companion to a smartphone. Since they are AR glasses, users can…

Alibaba chairman Joe Tsai says e-commerce giant is set to bounce back: CNBC

scmp.com Alibaba chairman Joe Tsai says e-commerce giant he co-founded is set to bounce back in CNBC interview Alibaba Group Holding is set for a comeback after several years of…

3 Chinese stocks poised for rebound

marketbeat.com Amidst multiple years of market losses in China, geopolitical tensions, and a prolonged property crisis, some U.S. asset managers remain undeterred, seeing potential in…

Alibaba Discloses State Ownership in More Than 12 Business Units

finance.yahoo.com Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and…

Jack Ma vs. Ken Griffin: Ant Group outbids Citadel for the remains of Credit Suisse's China investment bank venture

fortune.com Ant Group Co. outbid Citadel Securities LLC for Credit Suisse’s investment bank venture in China, in a surprise move that will be subject to close regulatory scrutiny,…

Better Comeback Stock: Alibaba vs. Peloton

finance.yahoo.com Alibaba Group (NYSE: BABA) and Peloton Interactive (NASDAQ: PTON) have both frustrated plenty of investors over the past few years. Alibaba's stock hit its all-time high in…

After doubts about Alibaba's future, co-founder Joe Tsai says: 'We're back'

cnbc.com Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid Chinese…

DePIN: Crypto's Biggest Sector of 2024

thedefiant.io The ability for individuals to generate passive income from the tokenization of the real-world data generated by their devices and apps presents an enormous opportunity. As…

The Chinese Communist Party wants (a bit) less consumer internet

economist.com INVESTORS IN CHINESE tech stocks might feel like characters in an online “party game”, a type of multiplayer activity that became all the rage in 2023. The latest addition…

China is shoring up the great firewall for the AI age

economist.com China faces a problem familiar to dictatorships throughout history: how to strike a balance between growth-boosting innovation, which thrives in a free society, and the…

Wall Street Favorites: 7 Tech Stocks With Strong Buy Ratings for February 2024

investorplace.com Wall Street expertise is essential to navigate the potential of tech and AI stocks Tech stocks are surging ahead, leveraging the artificial intelligence revolution to…

Hidden Gem: Unveiling the Rising Star Within Alibaba's Vast Empire, and Why Investors Should Be Paying Close Attention

finance.yahoo.com Once a giant in the Chinese technology industry, Alibaba Group (NYSE: BABA) has fallen from grace in recent years. It faced numerous challenges, such as competition and the…

Why Japan’s stock market is breaking 35-year records even as its economy falls into recession: Welcome to the investing world of ‘not that bad’

finance.yahoo.com The stock market is not the economy—just look at what’s happening in Japan. Japan’s equity markets broke a record on Thursday, when the Nikkei 225 closed at 39,098.68. It’s…

Why Japan's stock market is breaking 35-year records even as its economy falls into recession: Welcome to the investing world of 'not that bad'

fortune.com The stock market is not the economy—just look at what’s happening in Japan. Japan’s equity markets broke a record on Thursday, when the Nikkei 225 closed at 39,098.68. It’s…

Sleeper Stocks: 3 Bulls in Bears Clothing to Buy Now

investorplace.com These bullish sleeper stocks are plagued by bearish sentiment that necessitates a contrarian position Investors have always searched for signs of bullishness in stocks that…

Stop worrying so much about concentration risk in the market

cnbc.com Stock trader Gregory Rowe (R) works on the floor of the New York Stock Exchange during morning trading on February 14, 2024 in New York City. After a brief respite, the…

Blackstone CEO Stephen Schwarzman sees peril in “not bright” criminals getting their hands on AI

aol.com Stephen Schwarzman, Blackstone’s co-founder and CEO, spoke Thursday about the ethical implications of artificial technology, warning that countries and leaders need to come…

Nvidia names Huawei as rival in US filing

euronews.com This is the first time that Nvidia has labelled Huawei as one of its competitors. Nvidia has identified Chinese tech company Huawei as one of its top competitors in various…

Macau poised to drive development of bay area’s sports industry, summit hears

scmp.com “[This summit] is the first of its kind in Macau and it aligns with the city’s strategy to promote the MICE [meetings, incentives, conferences and exhibitions] and the…

Billionaire Joe Tsai’s Family Office Slashes Blue Owl Stake

finance.yahoo.com The investment firm that manages part of the fortune of Alibaba Group Holding Ltd. Chairman Joe Tsai sold most of its shares in the alternative asset giant Blue Owl Capital…

Bridgewater's Bullish Bet: Unveiling The Chinese Stocks Set To Spark Double-Digit Returns

finance.yahoo.com Bridgewater Associates is the world's largest hedge fund with over $196 billion in assets under management (as of Sept 30, 2023). While the firm posted a loss in fiscal…

Backed by Chinese carmaker Great Wall, Haomo raises $14M for autonomous driving tech

techcrunch.com After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Some companies are still hauling in capital, though the…

The Best 7 Tech Stocks to Buy for AI Cloud Exposure

investorplace.com Investing in these AI cloud stocks provides excellent exposure to growth in 2024 Cloud AI combines the power of artificial intelligence with the power of cloud computing.…

No, smartwatches and smart rings can’t measure blood glucose yet

theverge.com If you see a smartwatch or smart ring for sale that claims to noninvasively measure your blood glucose levels, don’t believe it. Today, the Food and Drug Administration has…

Galaxy International Convention Center

scmp.com Propelling Macau’s Development to “City of Sports” with Unveiling World-Class Events Galaxy Entertainment Group (“GEG”) is steadfastly aligned with the Macao SAR…

China’s Moonshot AI zooms to $2.5B valuation, raising $1B for an LLM focused on long context

techcrunch.com The race to build the next big large language model is on, and now a contender out of China has reportedly banked a major round of funding to catapult it to the front of the…

Alibaba's Taobao sets up live commerce venture as competition grows

asia.nikkei.com HONG KONG -- Alibaba's Taobao has established a live commerce company as part of the shopping platform's attempt to reduce its reliance on "super hosts" such as Austin Li…

China's Taobao sets up live commerce venture as competition grows

asia.nikkei.com HONG KONG -- Alibaba's Taobao has established a live commerce company as part of the shopping platform's attempt to reduce its reliance on "super hosts" such as Austin Li…

Chinese start-up Moonshot AI raises US$1 billion in funding round led by Alibaba

scmp.com HongShan, the Chinese spin-off of US venture capital firm Sequoia Capital, and angel investor ZhenFund were involved in Moonshot AI’s seed funding last June, according to…

Early Adopters: 3 Retailers Already Harnessing Generative AI

investorplace.com Invest in the future with these retail stocks pioneering the use of AI Retail stocks are poised for transformation as artificial intelligence ( ) redefines shopping. AI is…

3 Cloud Stocks to Buy for Multibagger Gains This Decade

investorplace.com Cloud computing has been one of the most disruptive technological shifts of the past decade. As companies continue migrating more workloads to the cloud, some of the top…

7 Untapped Tech Stocks Primed for a Breakout

investorplace.com With a little patience, these stocks can pay off big The Nasdaq is currently sitting at all-time highs. Thus, there’s no shortage of high-priced tech stocks at the moment.…

Michael Burry just went all in on Alibaba stock, one value bet

marketbeat.com Taking the pulse of the market can be an impossible task at times. However, some things never change in how traders and portfolio managers choose where to allocate their…

Daily Open: U.S. consumers stay bullish on the economy

cnbc.com A shopper carries several bags in the Magnificent Mile shopping district of Chicago on Dec. 2, 2023. This report is from today's CNBC Daily Open, our international markets…

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