Chinese stocks tumbled in US trading on Monday, led by the biggest selloff in Alibaba Group Holding Ltd. since 2022, after President Donald Trump’s latest directive stirred fears about deepening financial and technological decoupling between the world’s two largest economies.
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China. Alibaba said Thursday that its revenue for the quarter ended December grew 8% to 280.
The life of Jack Ma, founder of Alibaba. He grew up poor in China and was rejected from multiple jobs before finding success in tech.
Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.
Four years after launching a regulatory crackdown that plunged the tech sector into turmoil, China’s President Xi Jinping sat down publicly with Alibaba Group’s co-founder Jack Ma, whose firm bore the brunt of that campaign,
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China.
Apple's (AAPL) potential partnership with Alibaba Group (BABA) to roll out its artificial intelligence features in China could serve as a growth catalyst for the iPhone maker in the key region, Wedbush Securities said in a Monday client note.
Asian equities were mixed overnight as Indonesia outperformed, Taiwan underperformed, and South Korea was closed for Independence Day.
Chinese AI startup Zhipu, which is backed by companies including Alibaba (NYSE:BABA) and Tencent Holdings (OTCPK:TCEHY), has secured more than 1 billion yuan ($137.22 million), in its latest funding round.
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China
Wan 2.1, which boasts performance that rivals other leading offerings, is among a series of new models developed by Alibaba.
Beyond its home turf, Alibaba is expanding its international e-commerce businesses to diversify away from its reliance on its home market. This segment has been growing rapidly lately, with revenue up by 32% year over year in the latest quarter. In other words, Alibaba is making solid strides in rejuvenating the growth of its e-commerce businesses.