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The Latest Breaking News from Alibaba

Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co_ because it wants to retain its stake in an “important strategic partner.”

The Independent UK · Jul 24, 2023

How is Alibaba (BABA) Holding up as We Near July End?

How is Alibaba (BABA) Holding up as We Near July End?

With the possibility of regulatory scrutiny coming to an end, is Chinese tech giant Alibaba Group (BABA) a buy after the launch of its generative AI tool? Let’s take a look at its financial metrics to gauge its prospects….

StockNews.com · Jul 19, 2023

China just gave the world a blueprint for reigning in generative A.I.

China just gave the world a blueprint for reigning in generative A.I.

China’s top internet regulator released new regulations governing generative A.I. that address some of the technology’s most pressing issues.

Fortune · Jul 14, 2023

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Jack Ma, once Asia’s richest person, has seen more than half of his $61 billion fortune wiped out in the past 3 years

Beijing cracked down on the companies Ma founded after he publicly criticized Chinese regulators.

Fortune · Jul 12, 2023

Shopping the next frontier for TikTok

JAKARTA: Inside a shophouse in Northeast Jakarta, dozens of salespeople take turns peddling cosmetics, contact lenses and hair accessories. A woman helps a potential customer choose the right shade of lipstick for her skin tone, while a man yells out the latest markdown on vitamin tablets.

Bangkok Post · Jul 8, 2023

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Bangkok Post · Jul 7, 2023

Key Trumper works at China lobbying firm

"Susie could put Trump away for years in just one minute of testimony to Jack Smith," GOP operative says

Salon · Jun 30, 2023

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Weekly Must-Read: China Joins Effort to Avert Sovereign Debt Crisis

Weekly Must-Read: China Joins Effort to Avert Sovereign Debt Crisis

Nation fills new role as top creditor to poor countries rattled by the worst debt crisis since the 1980s

Caixin Global · Jun 30, 2023

Billionaires and bureaucrats mobilize China for AI race with US

China’s tech sector has a new obsession: competing with U.S. titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.

Tribune News Service · Jun 28, 2023

Chinese billionaires go all-in on AI

Chinese billionaires go all-in on AI

China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

Bangkok Post · Jun 28, 2023

Alibaba entrepreneur masterclass seeking applicants

Alibaba entrepreneur masterclass seeking applicants

The first global edition of Alibaba Netpreneur Masterclass is accepting applications from entrepreneurs worldwide, including Thailand, who are interested in gaining insights into the digital economy, until July 14.

Bangkok Post · Jun 25, 2023

Shanghai Composite Index Fell 1.31% on Wednesday

Shanghai Composite Index Fell 1.31% on Wednesday

Shenzhen Component Index closed down 2.18%

Caixin Global · Jun 21, 2023

Stock Market Today: Stocks Close Lower Ahead of Powell Testimony

Stock Market Today: Stocks Close Lower Ahead of Powell Testimony

Energy stocks were some of Tuesday's biggest decliners, while Alibaba slid on a C-suite shake-up.

Kiplinger · Jun 20, 2023

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies

The Independent UK · Jun 20, 2023

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Fortune · Jun 19, 2023

Chinese billionaire Jack Ma teaches first class at University of Tokyo as top exec at his tech empire insists he’s ‘alive’ and ‘happy’

The Alibaba cofounder has largely disappeared from public view since criticizing Chinese regulators in 2020.

The Independent UK · Jun 18, 2023

Consumption soft even amid deep discounts during major China shopping festival, analysts say

Chinese consumers have been snapping up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slash prices, but analysts say that consumer confidence still remains weak as China re-emerges from the pandemic

Tom’s Hardware · Jun 16, 2023

China's ByteDance Has Gobbled Up $1 Billion of Nvidia GPUs for AI This Year

China's ByteDance has already ordered around 100,000 Nvidia datacenter accelerators in 2023 — more than the entire Chinese market ordered last year.

Barchart · Jun 7, 2023

Chinese E-Commerce Companies Undercut by Weak Chinese Economy and Increased Competition

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

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StockNews.com · May 30, 2023

Is Alibaba (BABA) a Good Buy?

Over the last two years, the e-commerce giant Alibaba (BABA) was hit by heavy regulatory scrutiny, brutal competition, and China’s slowing economy. But the stock got a lift this year after the nation’s Covid reopening and easing of regulatory woes. Furthermore, the company announced a restructuring plan designed to enhance…

Caixin Global · May 26, 2023

Weekly Must-Read: China’s Effort to Move Mountain of ‘Hidden Debt’ Faces Uphill Climb

Local governments’ invisible debt could be as high as almost $10 trillion, double Japan’s GDP, posing a risk of destabilizing the banking and financial sector

The Guardian - UK · May 21, 2023

‘We in the west were blinded’: China crackdown on business has Maoist roots

‘Anti-spying’ raids on consulting firms and attacks on tech companies are being driven by party ideology, says academic Chris Marquis

TechRadar · May 19, 2023

Alibaba is pulling out of the cloud business

Chinese ecommerce giant Alibaba set to split into six units and selling off some of its businesses.

Evening Standard · May 19, 2023

FTSE 100 Live: Flat week as FTSE closes at 7757; Tesco chair to step down; US shares down on default fears

The FTSE 100 index found positive territory today despite Hong Kong shares falling after Alibaba sales came in below expectations.

The Independent UK · May 18, 2023

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth

Tom’s Hardware · May 8, 2023

Chinese Firms Foil US AI Sanctions With Older GPUs, Software Tweaks

Chinese AI developers simplify software and use all compute chips they can get to train large-scale AI models.

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