Olympian Motors partners with Nvidia to develop AI-powered EV platform, leveraging advanced computing solutions for modular design and deployment.
PBOC keeps benchmark LPR rates steady amid economic growth efforts and a weakening yuan. US-listed Chinese stocks trading lower.
Chinese tech giants Alibaba, ByteDance, and Meituan are expanding their AI teams in Silicon Valley to attract U.S. talent, despite U.S.-China tensions and restrictions on AI chip exports.
Alibaba Group Holding plans to issue USD and CNY bonds to repay debt and support stock buyback, leveraging low interest rates for shareholder value.
Peter Thiel predicts that President-elect Donald Trump's proposed 60% tariff on Chinese goods would severely harm China while having only a minor negative impact on American consumers, as manufacturing shifts to countries like Vietnam.
Chinese President Xi Jinping has expressed China's willingness to collaborate with the U.S. government, regardless of the administration in power. This statement comes amid the ongoing U.S.-China tensions and the impending return of Donald Trump to the White House.
Alibaba Group Holding Ltd. (NYSE: BABA) reported strong Q2 results, including 5% revenue growth and $2.15 adjusted earnings per ADS. Focus on user experience and partnerships for growth.
U.S. stocks could open on a negative note on Friday after the Federal Reserve chair Jerome Powell's comments on Thursday that the economy is showing enough strength that there is no need to be "in a hurry" on further rate cuts just yet.
Chinese retail sales grew by 4.8% year-on-year in October picking up from September's 3.2% growth, as per the National Bureau of Statistics on Friday. That annual retail sales forecast exceeded the 3.8% growth precited by a Reuters poll.
US stock market experienced a downward trend on Thursday, with both the Nasdaq Composite and the S&P 500 indices falling by nearly 0.6% respectively.
Alibaba investors are hoping for growth in core and cloud divisions despite challenging Chinese market and competition.
Trump's return could lead to a trade conflict with China, prompting a stimulus response. Chinese stocks down ahead of US election.
Alibaba's AliExpress is launching Singles' Day in the U.S. for the first time, offering discounts of up to 90% and competing with Black Friday and Cyber Monday.
China's lawmakers propose $1.4 trillion stimulus to revive economy and address local debt. Chinese stocks and EVs gain momentum.
Alibaba Group Holding Limited (NYSE:BABA) the Chinese e-commerce giant, has recently made significant cuts to its metaverse division, Yuanjing, as part of a broader trend of tech companies scaling back their investments in the once-hyped sector.
Alibaba reported strong demand during the initial sales period of its Singles' Day shopping festival, signaling a potential rebound in consumer confidence in China.
French luxury fashion house LVMH and Alibaba Group have announced an expanded partnership to elevate the luxury experience in China using Alibaba's cloud and AI-powered retail innovations. This deeper collaboration underscores their commitment to retail innovation and tech-driven luxury experiences, helping LVMH enhance its omnichannel presence in China and access Alibaba's advanced technologies to optimize operations and customer insights.
PDD Holdings Inc (NASDAQ: PDD) reported 131% revenue growth, beating analyst estimates. Adjusted earnings and operating profit also exceeded expectations.
Bearish bets against BlackRock Inc's iShares China Large-Cap Exchange Traded Fund have reached their highest since October 2020.
Goldman Sachs sees potential for further rise in Chinese stocks due to improving macroeconomic performance and policy support, with a 60% probability of continuing gains and potential average returns of 35% in the next 6 months.
Alibaba Group (NYSE:BABA) has drastically cut prices on its AI services by up to 97%, sparking a fierce price war in China's burgeoning AI sector. Competitors Baidu (NASDAQ:BIDU) and ByteDance have swiftly responded with aggressive pricing and free services. This competition highlights the intense race among Chinese tech giants, including Tencent, to dominate the AI market, fueled by massive investments and strategic restructuring efforts.
Alibaba's Taobao and Tmall platforms are teaming up with Douyin to attract users for the Chinese shopping festival. AI is also being used to boost e-commerce.
China announces aggressive measures to boost property market, including easing mortgage rules and urging local governments to purchase unsold homes. Stocks and commodities tied to China rally in response to the news.
Key Takeaways: Alibaba International’s “Choice” service accounted for over 70% of its AliExpress B2C platform’s total orders, becoming a key growth driver Upgrading business models, supply chain arrangements, product innovation and continued investment are keys to rapid growth, said CEO Fan Jiang
Alibaba Group uses AI to stay competitive in Chinese e-commerce market. Wenwen chatbot gives personalized recommendations. Net profit up, stock down.
Alibaba saw a rise in its shares Thursday afternoon after experiencing a decline on Tuesday following the release of its quarterly earnings report. Thursday's positive movement may be partly due to an X post from Citron Research.
Michael Burry, famous for predicting 2008 crisis, made headlines with his latest 13F filing. He shifted towards commodities & renewable energy and decreased holdings in tech giants.
JD.com reported Q1 2024 results, with revenue of $36.02B beating expectations and adjusted net income per ADS of $0.78. Stock gained after results.
