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The Latest Breaking News from Alibaba

3 Cheap Contrarian Stocks That Top Fund Managers Bought in Q2

The recently filed 13Fs revealed some contrarian bets that top fund managers made in Q2. Of these, Ulta Beauty, Alibaba, and Nike deserve special mention, as these stocks have underperformed badly and were squarely out of favor with markets.

Equities Surge On Strong US Consumer Data

Equities Surge On Strong US Consumer Data

The dollar rose more than one percent against the yen after the retail sales report was released.

Alibaba sees revenue hit by caution in cloud space

Alibaba sees revenue hit by caution in cloud space

News follows previous results from this quarter suggesting that cloud dominance is still very much a three-horse race.

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Asian Markets Surge On Strong US Consumer Data

Japanese stocks surged and markets across Asia started strong on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world's biggest economy.

International Business Times

Chinese Tech Giant Alibaba's Quarterly Profit Shrinks 29 Percent

Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic slowdown.

International Business Times

Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier

The Independent UK

Alibaba president can’t catch up to AI

Kuo Zhang is far more concerned about the rapid development of AI than geopolitics.

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Alibaba Cloud, OBS Launch AI-Fueled OBS Cloud 3.0 for Paris Olympics

Alibaba Cloud, OBS Launch AI-Fueled OBS Cloud 3.0 for Paris Olympics

Delivery of live signals over OBS Live Cloud becomes the main method of remote distribution to broadcasters, a first

Timothy Armoo lost over £74k on Alibaba Stock, before tapping into his generation's love for avocados and influencers—now he’s a self-made multimillionaire

Timothy Armoo lost over £74k on Alibaba Stock, before tapping into his generation's love for avocados and influencers—now he’s a self-made multimillionaire

Timothy Armoo says an avocado business and lithium mine have been his best investments.

China's businesses are 'noticeably ahead' of the rest of the world when it comes to adopting AI—and preparing for the inevitable regulations

China's businesses are 'noticeably ahead' of the rest of the world when it comes to adopting AI—and preparing for the inevitable regulations

A survey from SAS finds that 80% of Chinese business leaders are already using GenAI in their organization's operations.

Local Chinese firms rush to fill the AI void after OpenAI abandons China market — Tencent, Baidu, and Alibaba sweeten LLM offers

Local Chinese firms rush to fill the AI void after OpenAI abandons China market — Tencent, Baidu, and Alibaba sweeten LLM offers

OpenAI announced that it China, including Hong Kong, will no longer have access to its API by next week. Home-grown LLMs are now taking steps to woo customers their way.

Tom’s Hardware

$This 17 Y.O. Girl From China Stunned The Entire World With Her Achievement In Global Math Contest$

This 17 Y.O. Girl From China Stunned The Entire World With Her Achievement In Global Math Contest

While typically fashion has nothing to do with math, this 17 Y.O. fashion student from China showed quite the opposite by beating over 500 AI teams and her own teacher. The post This 17 Y.O. Girl From China Stunned The Entire World With Her Achievement In Global Math Contest first…

Alibaba Cloud ditches Nvidia's interconnect in favor of Ethernet — tech giant uses own High Performance Network to connect 15,000 GPUs inside data center

Alibaba Cloud ditches Nvidia's interconnect in favor of Ethernet — tech giant uses own High Performance Network to connect 15,000 GPUs inside data center

Alibaba Cloud developed a High Performance Network (HPN) so the 15,000 GPUs inside each data center of the company could communicate using Ethernet.

Tom’s Hardware

China’s AI companies are reportedly rationing the use of their services because they don’t have enough chips

China’s AI companies are reportedly rationing the use of their services because they don’t have enough chips

Blame the U.S. and its export controls blocking AI chip sales to China.

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SoftBank's billionaire CEO says he was put on Earth to create artificial superintelligence that's 10,000 times smarter than a human—'I am super serious about it'

"For what purpose was Masa Son born? It may sound strange, but I think I was born to realize ASI," SoftBank's CEO said.

Tom’s Hardware

Chinese AI models storm Hugging Face's LLM chatbot benchmark leaderboard — Alibaba runs the board as major US competitors have worsened

AI training and optimization leader Hugging Face has released its second LLM leaderboard, with a host of new and edited trials to put LLMs through their paces. Variants of Alibaba's Qwen LLM hold the 1st, 3rd, and 10th spots.

Alibaba unveils the network and datacenter design it uses for large language model training

This is what Alibaba uses for large language model training.

The Guardian - UK

Geologists raise concerns over possible censorship and bias in Chinese chatbot

GeoGPT developed in Chinese-funded earth sciences programme aimed at researchers in global south

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The Independent UK

A vocational school student stuns China by besting university competitors in a math contest

A 17-year-old vocational school student from rural China has become a celebrity on Chinese social media after getting into the final round of a math competition, beating many others from elite universities while raising questions about the education system

Imagine owning 5% of Nvidia but selling it all 5 years ago—tech investor rues over $150 billion slipping through his fingers as ‘fish that got away’

Softbank founder Masayoshi Son dumped his entire stake in Nvidia after a crypto downturn hurt sales to miners—now he wants to make good with a huge bet on artificial super intelligence.

Should Nvidia Be Worried as an AI Price War Escalates in China?

Chinese tech companies have lowered prices for their AI services, triggering a price war. Will the AI price war in China land on U.S. shores, too - and what could it mean for companies like Nvidia?

The Guardian - UK

David Beckham becomes ambassador for Chinese tech group sponsoring Euro 2024

Ex-England footballer’s deal with Alibaba’s AliExpress follows tie-ups with Hugo Boss and SharkNinja

The Independent UK

David Beckham signs deal to be brand ambassador for Chinese giant Alibaba

Alibaba is also a sponsor of the upcoming Euros, despite a European Union probe into AliExpress

The race to lead China's AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices

China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.

AI price war kicks off in China after Alibaba slashes prices

Chinese tech firms are battling it out to offer cheaper AI services to spark investments and attract customers.

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