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The Latest Breaking News from Alibaba

Alibaba Shares Show Growth After Completion of 3-Year Regulatory Overhaul

Alibaba's shares show an increase after the e-commerce giant completed its "rectification" process.

International Business Times

Alibaba is upgrading its Hong Kong listing to primary, and that could potentially unlock billions in new investment

A primary listing in Hong Kong would allow eligible mainland Chinese investors to purchase Alibaba shares through a stock connect program.

Fortune

Alibaba To Upgrade Hong Kong Listing Amid Profit Drop

Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.

International Business Times

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'Big Short' Investor Michael Burry Ditches Gold, US Stocks For Cheap Chinese Internet Companies

Burry reduced Scion Asset Management's portfolio size by almost half in Q2 to just over $50 million as part of a reshuffling that involves investments in healthcare and China's tech firms.

International Business Times UK

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.

Barchart

Equities Surge On Strong US Consumer Data

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

Latin Times

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.

TechRadar

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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

Colin Huang, Temu owner’s billionaire founder, becomes China’s richest person

After several moderately successful ventures in gaming and e-commerce, Colin Huang got sick and retired. At one point, the young entrepreneur stayed home for a year thinking about his next move.

The Times of India

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.

Fortune

Hundreds of China merchants join protest against Temu

Hundreds of merchants staged a rally at PDD Holdings Inc’s offices in southern China this week, protesting what they called unfair penalties that Temu’s owner is increasingly levying.

The Times of India

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

TV Tech

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Fortune

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.

Fortune

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.

Tom’s Hardware

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.

Bored Panda

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…

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Tom’s Hardware

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.

Fortune

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.

Fortune

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.

TechRadar

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

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

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