Quartz93d agoneutral
Alibaba sues Pentagon to remove Chinese military company labelThe e-commerce and cloud giant called its designation "arbitrary and capricious" and says the label has already cost it business partners
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GuruFocus.com93d agobullish
Tencent Shares Jump 6% as WeCom Rolls Out DeepSeek-Powered AI AgentDayuan launches to select WeCom users, offering AI-powered analysis of chats, emails, and calendars.
Investor's Business Daily93d agoneutral
Alibaba Stock Slides To 52-Week Low Amid Legal Fight With Pentagon, Consumer Spending ConcernsU.S.-listed Alibaba stock fell early Wednesday toward a new 52-week low, with shares down more than 30% year-to-date.
Quartz93d agoneutral
SK Hynix plans $29 billion Nasdaq ADR listing in 2026The South Korean memory chipmaker plans to issue 17.79 million new shares, with trading expected to begin July 10
Reuters Videos93d agoneutralVIDEO
South Korea's SK Hynix says to raise up to $29 bln in ADR listing<body><p>STORY: :: SK Hynix</p><p>SK Hynix plans to raise up to $29.43 billion via the listing of American Depositary Receipts, the South Korean chipmaker said on Wednesday.</p><p>The move comes as the company seeks to expand its investor base and production capacity for chips used in artificial intelligence.</p><p>The world's second-largest memory chipmaker plans to issue 17.79 million new shares to back a listing of ADRs on the Nasdaq market on July 10, it said.</p><p>Proceeds will be used to build a chip factory, an advanced packaging fab and purchase equipment.</p><p>The company said 10 ADRs will be equivalent to one common share.</p><p>If completed at the top end of the indicated price range, the deal would become the largest-ever ADR offering.</p><p>:: SK Hynix</p><p>It would surpass the $21.8 billion raised by Chinese e-commerce giant Alibaba in 2014.</p><p>SK Hynix is a dominant supplier of high-bandwidth memory chips used in AI systems for customers such as Nvidia and Alphabet's Google.</p><p>it's one of the biggest beneficiaries of the global AI boom, becoming South Korea's most valuable company on Monday, overtaking Samsung Electronics.</p></body>
The Wall Street Journal93d agoneutral
SK Hynix Seeks to Raise About $29 Billion in U.S. ListingThe chip maker is seeking to tap foreign investors to fund its expansion plans as the AI boom fuels a rush for advanced chips.
CBS News93d agoneutral
Alibaba sues Pentagon over blacklist designationChinese tech giant Alibaba has filed a federal lawsuit against the Defense Department for designating it a military-linked firm.
Stocktwits93d agobullish
Nasdaq, S&P 500 Futures Rebound As Micron Rally Lifts Chip Stocks: Why SPCX, QCOM, TSM, BABA, PLTR, CBRS, WEN, IBRX Are In FocusRetail sentiment remained cautious, with Stocktwits data showing SPY sentiment stuck in bearish territory while QQQ sentiment improved to bullish.
Reuters93d agobullish
South Korea's SK Hynix to raise up to $29 billion in US listing in JulySouth Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be a record secondary listing, as the Nvidia supplier seeks to capitalise on strong investor appetite for AI stocks. If completed at the top end, the offering would be the largest U.S. listing by a Korean firm and potentially the biggest ever via American Depositary Receipts, surpassing Alibaba's $25 billion 2014 debut. The planned listing reflects strong global appetite for AI-linked equities, even as volatility increases across U.S. tech and semiconductor markets.
Bloomberg93d agoneutral
Tencent Tests DeepSeek-Powered AI Agent for WeChat Corporate App(Bloomberg) -- Tencent Holdings Ltd. is preparing to launch an AI agent for its Slack-like enterprise communication app, intensifying a high-stakes battle among Chinese tech giants to lock users into their ecosystems in the post-ChatGPT era.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $
Stocktwits93d agoneutral
BABA Stock Slides: Alibaba Reportedly Sues Pentagon Over China Military-Linked BlacklistInvestors worry that geopolitical risks may lead to contract restrictions for the Chinese tech giant.
Reuters Videos93d agoneutralVIDEO
Alibaba sues US over charge it's linked to Chinese military<body><p>STORY: Alibaba is suing the U.S. over Washington’s allegation it is linked to the Chinese military.</p><p>The e-commerce and technology giant filed the suit in a California court on Tuesday.</p><p>That’s after the Pentagon moved earlier this month to expand its list of alleged “Chinese military companies”.</p><p>It says Alibaba is a “contributor to the Chinese defense industrial base” through its affiliation with Beijing’s Ministry of Industry and Information Technology.</p><p>The company says that allegation has “no basis in fact or law”.</p><p>Alibaba says it is governed by independent board members, none of whom have any military affiliation.</p><p>Its lawsuit seeks removal from the list.</p><p>A Pentagon spokesperson declined to comment, saying the agency does not discuss pending litigation.</p><p>Under recent U.S. law, the Defense Department cannot contract with companies on the blacklist.</p><p>Other firms on the list include search engine giant Baidu and automaker BYD.</p></body>
The Wall Street Journal93d agobearish
Alibaba Files Lawsuit Against Pentagon Seeking Removal From Military ListAlibaba Group is seeking to be removed from a list of companies with alleged ties to China’s military.
Bloomberg93d agoneutral
SK Hynix to File in Korea in Step Toward ADR Sale, Report Says(Bloomberg) -- SK Hynix Inc. is expected to submit a statement to Korea’s financial regulator for an offering of American Depositary Receipts, according to Korea Economic Daily.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles Investors‘FOMO Really Got Me’: Taiwanese Go Deep Into D
Investing.com94d agoneutral
Alibaba sues Pentagon to remove it from military blacklistInvesting.com -- Alibaba Group Holding Ltd. filed a lawsuit against the Department of Defense on Tuesday to remove itself from a blacklist that identifies the company as a supporter of the Chinese military.
GuruFocus.com94d agoneutral
Tencent Rethinks Japan Gaming Bets As AI Race Heats UpTencent is weighing exits from several Japanese studio investments, including Marvelous, while keeping major bets like FromSoftware unaffected.
Benzinga94d agoneutral
Google, Meta Unite With Crypto Analytics Firms At Prince William's Forum To Fight Illegal Wildlife Trade: ReportMajor technology and cryptocurrency companies pledged to combat the illegal wildlife trade during London Climate Action Week, according to a report released on Monday. A Concerted Bid To Save Wildlife This commitment was made at a business forum convened by Prince William and The Royal Foundation’s United for Wildlife, reported Reuters. Don’t Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must
Reuters94d agoneutral
Alibaba sues US Department of Defense for branding it a 'Chinese military company'June 23 () - Chinese tech and e-commerce giant Alibaba sued the U. Department of Defense for designating it a "Chinese military company," according to a court filing on Tuesday.
Reuters94d agoneutral
Alibaba sues US Department of Defense for branding it a 'Chinese military company'Chinese tech and e-commerce giant Alibaba sued the U.S. Department of Defense for designations including saying it was a "Chinese military company," according to a court filing on Tuesday. "The determinations have no basis in fact or law," Alibaba said in its lawsuit. "Alibaba is governed by an independent board, none of whom has any military affiliation."
Barchart94d agobullish
Michael Burry Just Refused to Buy the SpaceX IPO. Here Are 3 Companies He Is Buying Instead.Michael Burry has questioned SpaceX’s valuation, but the famed investor believes the cost to short SPCX is too high. Instead, he is buying these three stocks.
Simply Wall St.94d agoneutral
Alibaba (BABA) Launches $1.5 Billion Pupu Bid As Meituan Rivalry Heats UpAlibaba Group Holding (NYSE:BABA) has launched a $1.5b bid for grocery delivery firm Pupu. The offer puts Alibaba in direct competition with Meituan, which has been expanding in fresh produce and local commerce. The move follows Meituan's purchase of Dingdong Fresh and intensifies pressure on rivals including JD.com. Alibaba Group Holding, trading at $104.97, is leaning harder into local commerce at a time when its stock has seen mixed recent performance. The shares are down 6.7% over the...
Bloomberg94d agoneutral
Chinese Stocks in Hong Kong Extend Slump to Enter Bear Market(Bloomberg) -- Chinese equities in Hong Kong entered a bear market as sentiment soured on tepid consumer spending and fading confidence in e-commerce firms. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred, Taps Founder to Head WhatsApp
Bloomberg94d agoneutral
Tencent Is Said to Mull Exits From Game Studios Like Marvelous(Bloomberg) -- Tencent Holdings Ltd. is negotiating exits from several game studio investments in Japan, including Tokyo-traded Marvelous Inc., as part of a reassessment of the company’s global portfolio, people with knowledge of the matter said.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US
Zacks95d agoneutral
Alibaba Group Holding Limited (BABA) Is a Trending Stock: Facts to Know Before Betting on ItRecently, Zacks.com users have been paying close attention to Alibaba (BABA). This makes it worthwhile to examine what the stock has in store.
Reuters95d agoneutral
Analysis-US curbs on AI spur European firms to spread the riskBy Leo Marchandon PARIS, June 22 (Reuters) - Limits on access to some U.S. artificial intelligence services are pushing major European companies to speed up spreading risk across multiple providers
Bloomberg95d agoneutral
Chinese Stocks in Hong Kong Rebound From Edge of Bear Market(Bloomberg) -- A gauge of Chinese equities in Hong Kong trimmed losses, supported by a rotation into financial shares as investors shifted out of artificial intelligence-linked names.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USDOJ Rejects Judge Request to Certify $1.8 Billion Fund NixedTrump’s Fears About Economy Undercut US Leverage in I
Bloomberg95d agoneutral
Tencent Tests AI Assistant for Its Super App WeChat in China(Bloomberg) -- Tencent Holdings Ltd. has started testing a new AI assistant for WeChat as part of its efforts to catch up with peers in China’s white-hot artificial intelligence race.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USDOJ Rejects Judge Request to Certify $1.8 Billion Fund NixedTrump’s Fears About Economy Undercut US Leverage in I