The Latest Breaking News from Alibaba

Chinese warehouse stores have struggled to break into the membership-based, bulk-buying format

Alibaba Group (NYSE:BABA), Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD) pledged on Friday to end aggressive price-based competition that has squeezed margins and drawn regulatory scrutiny.

Alibaba Group (NYSE:BABA) stock is trading lower on Friday amid reports indicating the e-commerce juggernaut and other major Chinese tech firms have slashed the prices of AI coding models to roughly one-fifth of what leading international rivals charge.

The U.S. and China are taking vastly different approaches to AI development.

There is one big discrepancy between the EPS growth rates and valuations between the S&P and China's stock market, creating an opportunity to rotate.

Alibaba Group (NYSE:BABA) launched an upgraded version of its third-generation Qwen3 family of large language models (LLMs), enhancing its AI capabilities in math and coding to outperform top models from OpenAI and DeepSeek in key benchmarks.

On Friday, China’s State Administration for Market Regulation (SAMR) called upon three of the country’s leading food delivery platforms: Alibaba Group’s (NYSE:BABA) Ele.me, Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD). The regulator urged these companies to adopt more “rational” competitive practices amidst an escalating price war within the sector.

Equities mostly rose Monday on optimism countries will reach US trade deals before an August 1 deadline, while the yen gained after Japanese Prime Minister Shigeru Ishiba said he would stay in office despite another election defeat.

Alibaba Group (NYSE:BABA) escalated China’s instant delivery price war by launching a massive 50 billion Chinese yuan subsidy program for consumers and merchants on its Taobao Shangou platform, intensifying an already cutthroat battle for market share against JD.com (NASDAQ:JD) and Meituan (OTC:MPNGY).