Alibaba Group News - June 29, 2026

US Lobbying Firms Drop Alibaba, Tencent to Comply With New Pentagon Rule

Washington D.C. lobbying firms are cutting ties with Chinese tech giants like Alibaba and Tencent ahead of a new law taking effect on June 30, 2026. [4, 5, 7]...

AI² and X Square Hit $2.9B Valuations, Rivaling US Robotics

AI² Robotics and X Square Robot reached valuations of nearly $2.9 billion each following recent funding rounds. These capital injections support China’s...