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Alibaba Chairman Joe Tsai announces divorce, will retain shares and leadership
Alibaba Chairman Joe Tsai and Clara Wu Tsai are divorcing after nearly 30 years of marriage. A spokesperson confirmed the decision is mutual and amicable. The...
Alibaba's 20,000-Chip Cloud Deal Cements Its AI Kingmaker Role in China — But Can It Turn Computing Power Into Lasting Profit?
Shares of Alibaba surged 3.6% to $120.55 after Bloomberg reported that Chinese AI startup Moonshot secured access to roughly 20,000 Nvidia chips through...
Alibaba tests Qwen AI in Tesla China, targeting localized vehicle control
Tesla is reportedly conducting deep testing of Alibaba Group’s Qwen AI model within its Chinese vehicle systems. Insider reports from July 31 indicate the...
🟢 Alibaba Group is trading 3.6% up today as Moonshot AI secures Nvidia chips via its cloud
Alibaba Group is trading 3.6% up at $120.55 after news that Moonshot AI secured access to approximately 20,000 Nvidia chips through Alibaba’s cloud...
Moonshot AI secures 20,000 Nvidia chips from Alibaba, boosting Kimi model
Moonshot AI signed a computing agreement with Alibaba Group to access approximately 20,000 Nvidia chips. This cluster provides the computational power required...
Alibaba nets 20x return from CXMT, China's largest IPO of 2026
ChangXin Memory Technologies (CXMT) debuted on Shanghai's STAR Market on July 28, 2026. The company closed with a market capitalization of approximately 3.14...
Alibaba launches Accio AI toolkit, automating global B2B procurement
Alibaba Group introduced the Accio Sourcing Toolkit to its Accio Work platform. The tool automates procurement tasks including supplier matching, product...
Alibaba Faces AI Restrictions, China Proposes Tiered Safety Controls
Chinese state media signaled potential new restrictions on advanced artificial intelligence models on July 27. A state-linked commentary proposed a tiered...
Alibaba Sheds HK$94 Billion, Ending AI Rally Amid Global Tech Selloff
Alibaba’s Hong Kong-listed shares (9988.HK) fell 4.26% on Friday. This decline erased approximately HK$94 billion in market value. The drop ended a recent...
UK/US Evaluation Finds China's Kimi AI Lags Leading US Models in Cyber Capabilities
A joint evaluation by the UK's AI Safety Institute (AISI) and the US Center for AI Standards and Innovation (CAISI) found that Chinese AI model Kimi K3 lags...
Ant International raises $1.2 billion, paving way for Hong Kong IPO
Ant International raised approximately $1.2 billion in a Series A financing round on Tuesday. Alibaba Group and Ant Group joined international investors to...
Chinese AI models seize 63% of OpenRouter, fueled by aggressive pricing
Chinese AI models now account for a majority of usage on OpenRouter. Market share for these systems was under 10% last year. This figure surged to 63% by early...
Ant International Raises $1.2B, Accelerating Global Merchant Payment Innovation
Singapore-based Ant International raised $1.2 billion in its Series A funding round. Ant Group and Alibaba Group participated in the financing alongside...
🟢 Alibaba Group is trading 3.4% up today on unveiling of new Qwen AI model and Apple Intelligence progress
• Alibaba Group is trading 3.4% up today at $118.84 following the unveiling of its new Qwen 3.8 Max AI model, touted as the second most advanced globally. •...
AliExpress Faces Record €550M EU Fine, Failing to Block Illegal Goods
The European Union fined Alibaba’s AliExpress €550 million for failing to prevent the sale of illegal and unsafe products. This penalty represents the largest...
🟢 Alibaba Group is trading 3.6% up today on renewed optimism for China tech and AI
Alibaba Group is trading 3.6% up at $119.16 in pre-market, rebounding from last week’s tech-led sell-off as sentiment improves across Chinese internet and...
Moonshot AI Pauses Kimi Subscriptions, Citing GPU Capacity Limits
Moonshot AI temporarily paused new subscriptions for its Kimi chatbot service following a surge in demand for the Kimi K3 model. Usage over the past 48 hours...
Alibaba debuts Qwen3.8 Max AI, challenging Claude with 2.4 trillion parameters
Alibaba released a preview of its flagship Qwen3.8 Max AI model. This model features 2.4 trillion parameters. Alibaba claims its performance rivals leading...
Alibaba Open-Sources SAIL Software, Challenging Nvidia’s CUDA Dominance
Alibaba's chip design unit, T-Head, open-sourced its SAIL AI software stack at the World AI Conference in Shanghai. This move directly challenges Nvidia’s...
Zhipu AI Hits $1B Revenue, Outpacing Anthropic via Enterprise Demand
Chinese AI startup Zhipu AI (Z.ai) reached $1 billion in annual recurring revenue (ARR) in July 2026. This achievement marks the first time an independent...