Alibaba and Other China Tech Stocks Tumble
Shares in U.S.-listed Chinese technology companies such as Alibaba, JD.com and Temu's parent company PDD fell sharply Monday. Alibaba recently stood about 9.5% lower, while PDD lost 8%. The pullback follows an extraordinary runup for some of these stocks,
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Like its U.S. counterparts, Alibaba is going all-in on generative AI. Its cloud computing business saw an 11 percent ...
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data ...
Chinese tech giant Alibaba announced on Monday its plan to invest over $52.4 billion in artificial intelligence (AI) ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
Alibaba Cloud invests $53 billion in artificial intelligence to drive AI infrastructure, cloud computing and LLMs as Alibaba ...
Alibaba Group Holding Ltd. has announced an ambitious plan to invest over 380 billion yuan ($53 billion) in AI infrastructure over the next three years. Alibaba joins global AI race by investing $53 ...
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