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Wu laid out an ambitious roadmap for chips, models and infrastructure that stretches years into the future.

Alibaba Group Holding (NYSE:BABA) is under investigation by the Portnoy Law Firm for potential securities fraud on behalf of investors. The probe focuses on whether Alibaba made misleading statements or omitted material information in violation of federal securities laws. Portnoy Law Firm is evaluating a possible class action, inviting shareholders who purchased Alibaba securities to contact the firm. The Portnoy securities fraud inquiry into Alibaba adds to a broader context that recent...

A larger model and faster domestic chip deepen vertical integration before proving commercial returns.

A regulatory probe into rival AI startups sent Alibaba sliding even though Beijing named no Alibaba products, and traders are now wrestling with how far the scrutiny could spread across China's model layer.

Shares of Chinese AI model developers fell after a report that the country’s regulators have opened a probe into startups DeepSeek and Moonshot AI over data security concerns.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1%, and the actively tra

(Updates with economic data, recent oil price movements, world markets' overview, and corporate stoc

A rapidly growing cloud business now faces allegations that could affect access, customers and future regulation.

A federal advisory places Qwen's development methods inside the widening technology conflict between Washington and Beijing.

The newest threat targets something more valuable than computer chips

Recent developments in the e-commerce sector highlight challenges facing companies like Alibaba Group Holding Limited. The company is under scrutiny due to allegations of false and misleading statements about its affiliations and operational risks, leading to a class action lawsuit filed against it. Accusations include affiliations with the Chinese Ministry of Industry and Information Technology and unauthorized access to AI models, which has impacted its stock price. This legal dispute...

China's biggest internet stocks are moving in opposite directions Thursday, and the split points to a fault line running straight through the group that could reshape how investors position across the entire sector.

The three biggest stock sales by already-public companies this year now share one purpose. Every one of them is paying for the AI build-out.

Asian stocks were set for broad declines Tuesday after a tech-led selloff on Wall Street outweighed a drop in oil, as traders weighed Treasury Secretary Scott Bessent’s plan to isolate Iran from the global economy.

Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ET

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XL

XPeng's robotics unit just attracted Tencent and Alibaba in China's largest embodied AI funding round, yet the stock is tanking anyway as a revenue miss and a conservative outlook raise questions about whether humanoid robots can rescue an EV business under pressure.

PDD (PDD) reported second-quarter earnings ahead of Wall Street estimates on Monday even as operatin

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Alibaba (BABA) is tumbling after announcing a plan to raise about HK$80 billion ($10.2 billion) from a share sale. The share placement is expected to dilute earnings and hurt stock performance in the near term, analysts said. Meanwhile, the fundraising will help drive AI-led growth and the impact on earnings will be limited if the company can improve AI payoffs, they added. The tech and chip sectors are seeing a broader selloff globally. - SoftBank (SFTBY) is moving on news it plans a record ¥1 trillion retail bond sale to raise funds for its investment commitments to OpenAI. - Bitcoin (BTC) is continuing its rally. Spot Bitcoin exchange-traded funds had their strongest weekly inflow in 10 months last week as the original cryptocurrency surged.

Alibaba's AI spending spree just sent profits crashing 75% and free cash flow deep into negative territory, and now the company is selling billions in new shares to keep the machine running. Michael Burry already walked away, and he says the stock needs to fall a lot further before he looks back.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.2% and the actively tr

Alibaba raised $10.2 billion through a discounted Hong Kong share placement to fund its AI expansion.

Xpeng’s second-quarter revenue increased 8% to RMB19.74 billion but missed Wall Street’s RMB20.50 billion estimate, according to Fiscal.ai.

Treasury Secretary Scott Bessent is set to unveil what he called an "economic D-Day" against Iran on Monday, rattling energy markets

Retail sentiment on Stocktwits slipped to ‘bearish’ on SPY and QQQ.

Markets are kicking off an action-packed week featuring Nvidia earnings and the Federal Reserve's Jackson Hole Symposium.

The deal is the largest primary follow-on offering by a Hong Kong-listed company in history.

Aug 24 (Reuters) - Alibaba shares fell 8% in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at

BABA's Q1 earnings miss estimates as AI investments pressure margins, while revenues rise on strong AI Cloud and China Quick Commerce growth.

Cloud growth accelerated sharply, but infrastructure spending and weak adjusted earnings dominated the reaction.