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The Latest Breaking News from Alibaba

China’s former entrepreneurial golden child, Jack Ma, appears to be back with a food venture

Alibaba founder Jack Ma largely disappeared from public life following a crackdown by the Chinese government—now it seems he's back.

Fortune

China in a bull shop: One of the largest Chinese tech companies has announced a 'game-changing' 3,072-core RISC-V server that used an indigeneous CPU — on US soil

China hits a key milestone with Alibaba demonstrating the first cloud server powered by a RISC-V chip.

TechRadar

Baidu reveals expectations-beating earnings and touts its new ChatGPT-like AI models, amid leadership chaos at U.S. competitor OpenAI

Baidu took an early lead in the race to dominate China's AI sector with the release of ERNIE Bot earlier this year.

Fortune

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Baidu Posts Better-Than-Expected Earnings, Highlights AI Progress

BIDU stock rose Tuesday, after Chinese internet giant Baidu reported earnings and sales ahead of expectations for its third quarter.

Investors Business Daily

Will Improving Fundamentals Inspire Foreign Investors to Return to Chinese Stocks?

Shares of China’s Alibaba Group Holdings (BABA ) tumbled more than -10% last Thursday and Friday after the company canceled a spinoff of its cloud division, citing U.S. restrictions on advanced semiconductor sales to China. Tencent Holdings (TCEHY ) also fell more than -3% last Friday, despite reporting better-than-expected quarterly...

Barchart

Diving Into Chinese Tech: Analyzing the Prospects of Alibaba (BABA) and Hello Group (MOMO) for Investors

Despite several challenges, the Chinese economy has demonstrated exceptional resilience recently. Therefore, top-tier Chinese stocks, such as Alibaba Group (BABA) and Hello Group (MOMO), could be ideal portfolio additions now. Continue reading.

StockNews.com

Alibaba scraps plans to spin off its cloud business

US and global geopolitical tensions see Alibaba reverse its decision, but investors are still upset.

TechRadar

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A series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba's market cap

Alibaba blamed U.S. chip controls for its decision to abandon plans to spin-off its cloud computing unit as an independent company.

Fortune

Stock market today: Asian stocks pulled lower by profit warnings and signs the US economy is slowing

Asian stocks are mostly lower after Wall Street drifted to a mixed finish as momentum slowed following a strong rally in the first half of November

The Independent UK

Stock Market Losses Persist; Chip Stock Rallies On An Upgrade

The stock market remained in the red across the major indexes. Intel stock rallied and led the Dow Jones on Thursday after an analyst upgrade.

Investors Business Daily

Alibaba Stock Tumbles As Chinese Tech Giant Scraps Cloud Spinoff, Citing Chip Restrictions

Alibaba earnings beat estimates but BABA stock fell as the company canceled its cloud spinoff plan.

Investors Business Daily

Alibaba Expands in Europe With Investment in B2B Platform Visable

The move is part of the tech giant’s efforts to grow its country- or region-specific business, as some Chinese products lose their edge in price globally

Caixin Global

Alibaba and JD's decision to withhold Singles Day data punctures last chance to see a China consumption revival this year

"Everyone's waiting for this consumption boom," one analyst said. "I don't think it's really going to come."

Fortune

Worried Chinese shoppers scrimp, dimming the appeal of a Singles' Day shopping extravaganza

Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect the annual Singles’ Day online retail extravaganza

The Independent UK

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Investors Business Daily

China's 'Double 11,' Black Friday's Big Brother, Is Set To Slow

China's Singles Day is much larger than Black Friday, but the shopping event is expected to slow this year as China retailers struggle.

Barchart

BABA vs. JD: Which Is the Better Chinese Tech Stock to Buy Now?

Chinese tech stocks have continued to underperform in 2023, even as their counterparts in the U.S. have rebounded. Among Chinese tech names, Alibaba and JD.com are both worth considering after the sell-off - but there's an argument to be made that one of these tech stocks looks more compelling right…

The Street

Singles Day is approaching: What to know about Alibaba's shopping holiday

Alibaba's annual Singles Day festival is expected to see deeper discounts than normal.

Tom’s Hardware

Chinese Tech Giant Alibaba Launches PCIe Gen5 SSD Controller Based on RISC-V

Alibaba's T-Head launches PCIe Gen5 SSD controller featuring RISC-V cores aimed at cloud storage.

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news in one place.

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The Conversation

Israel-Hamas war puts China's strategy of 'balanced diplomacy' in the Middle East at risk

On Oct. 30, 2023, reports began to circulate that Israel was missing from from the mapping services provided by Chinese tech companies Baidu and Alibaba, effectively signaling – or so some believed – that Beijing was siding with Hamas over Israel in the ongoing war.

Windows Central

The US government's newly imposed export rules block $5 billion worth of advanced AI GPUs from China

The US government is doubling down on AI safety and recently imposed new exportation rules and guidelines affecting the shipment of AI chips to China, Saudi Arabia, the United Arab Emirates, and Vietnam. Early implementation of the rules has deterred NVIDIA's plans to ship $5 billion worth of AI chips…

Investors Business Daily

Alibaba Slumps As This Chinese Retailer Aims To Extend 568% Gain

As fellow Chinese retailer Alibaba slumps and China's economy slows, Miniso fights to build on its already huge run.

Zenger

Nvidia Faces Billions In Revenue Loss As U.S. Bans Chip Exports To China

China's biggest tech firms, including Alibaba and ByteDance, cancel AI chip orders worth $5 billion

Fortune

Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

Fortune

Chinese retailers are already slashing the prices of the iPhone 15 by over $100 amid reports of a sluggish launch for Apple's latest smartphone

Analyst reports are suggesting that Apple's latest iPhone may be struggling in the Chinese market.

Fortune

New York Liberty owner Clara Wu Tsai gave her team NBA-like amenities

Wu Tsai and her husband Joe Tsai, Alibaba's chair, bought the New York Liberty in 2019.

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