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Xpeng Inc.’s robot unit plans to raise $900 million from investors including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., bolstering the automaker’s push into humanoid robots.
Find insight on Samsung , MPI and more in the latest Market Talks covering technology, media and telecom.
Chinese automaker Xpeng said on Monday its robotics unit had raised more than $900 million in its first funding round, setting a new record for a single private financing in China's embodied AI sector. The funding round, led by IDG Capital and backed by strategic investors Tencent and Alibaba, values the robotics business at more than $6.3 billion, Xpeng said in a statement. The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said.
Global tech stocks weakened following equity and bond issues from the sector in Asia and pressure on longer-dated Treasurys eased slightly as oil prices fell.
Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong's biggest secondary share sale. Bloomberg reporters and Bloomberg Intelligence talk about what this means and why it's sparked backlash from some investors like Michael Burry.
BEIJING, Aug 24 (Reuters) - Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share
Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending. The new model can generate 30-second videos from documents, spreadsheets, slides and web pages, Alibaba Cloud said in a post on the WeChat platform. Alibaba said Wan3.0 had been used in short drama and film production, advertising and marketing, tourism promotion and music video creation since a public beta version was launched on August 6.
By Andrew Silver SHANGHAI, Aug 24 (Reuters) - Weight-loss drugmakers, vying to tighten the belts of Chinese consumers, are promoting obesity awareness in metro stations, exercise studios and soccer
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co.
Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co.
Hong Kong-listed shares of Alibaba are set to open 8% lower on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share placement to fund AI development. Alibaba said on Monday said it has priced its HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in an offering aimed at funding artificial intelligence-related development.
The Chinese company has been spending heavily on the technology as it jostles with rivals for dominance in the rapidly growing AI sector.
Michael Burry criticized Alibaba Group Holding Ltd. shares as overvalued and disclosed that he recently exited his position in the Chinese tech giant in order to build a “large” position in rival online retailer JD.com Inc.
Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10.2 billion) from a share sale, its latest move to compete for global leadership in artificial intelligence.
Alibaba is betting heavily on AI as cloud revenues accelerate, margins improve and management defends rising CapEx while targeting quicker payback.
Find insight on netEase, Alibaba, Megaport and more in the latest Market Talks covering technology, media and telecom.
Alibaba Group (NYSE:BABA) reported June-quarter revenue growth of 9% as accelerating demand for artificial intelligence products and cloud services helped offset the effects of heavier technology investment on profitability. Chief Executive Officer Eddie Wu said Alibaba Cloud’s external revenue ros
75 % That's the increase in quarterly capital expenditure that the Chinese tech and e-commerce company reported just now. It invested almost $10 billion in the three months through June, much of it on AI infrastructure.
Alibaba’s earnings slumped in its fiscal first quarter, as the Chinese e-commerce titan continued to invest heavily in artificial intelligence, racing to preserve its lead in the AI sector.
Alibaba Group Holding Ltd.’s profit plunged more than 75% after China’s e-commerce leader ratcheted up AI spending while grappling with a broad Chinese consumption slowdown.
Alibaba's financial subsidiary Ant Group's quarterly profits rose 1% year-on-year to around 4.7 billion yuan ($698 million) in the quarter ending June 30, Reuters calculations from Alibaba's quarterly earnings report showed. The fintech giant has been attempting to pivot towards agentic commerce, digital health and embodied AI services in recent years, with its hugely popular AQ AI personal health app. It said in June that it spent a record $5.17 billion on AI R&D in 2025.
Today Earnings (a.m.): Walmart, Alibaba, Deere & Co., Advance Auto Parts, Earnings (p.m.): Ross Stores Economic data: Unemployment insurance initial weekly claims, Philadelphia Fed manufacturing survey, U.
Weibo Corp (WB) reports 2% revenue growth in Q2 2026, driven by a 19% surge in VAS, while navigating advertising softness and investing in AI to enhance user engagement and ad performance.
Alibaba is set to report its fiscal Q1 earnings on Aug. 20. Here’s how the data suggests BABA shares will respond to the earnings event.
Today Federal Reserve: FOMC minutes from Fed’s July meeting Earnings (a.m.): Target, Lowe's, TJX, Analog Devices, Estee Lauder Economic data: EIA weekly petroleum status report, CPI (UK), PPI (UK) Tomorrow Earnings: Walmart, Alibaba, Deere & Co.
Baidu (NASDAQ:BIDU) said its AI-powered businesses accounted for half of its general business revenue in the second quarter of 2026, as the company reported rapid growth in AI cloud infrastructure and outlined continued investment in chips, models, applications and autonomous driving. Total revenue
Investing.com -- ShengShu Technology, an artificial intelligence video platform backed by Alibaba Group Holding Ltd., is exploring a Hong Kong initial public offering that could raise more than $500 million, Bloomberg reported Tuesday.
ShengShu Technology, an artificial intelligence video platform backed by Alibaba Group Holding Ltd., is considering a Hong Kong initial public offering, according to people familiar with the matter.
Today Earnings (a.m.): Home Depot, Baidu Earnings (p.m.) Toll Brothers Economic data: Housing starts for July, pending home sales, import and export price indexes, July industrial production and ...
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