Alibaba is helping power a broad rebound in Chinese internet stocks.
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The company’s existing investors including Ant Group and Alibaba Group participated in the round.
The Morning Bull - US Market Morning Update Tuesday, Jul, 21 2026 US stock futures are pointing slightly higher this morning, as investors weigh softer US inflation against rising global interest rate worries. The US 10 year Treasury yield has eased to about 4.52% after cooler price data, which helps reduce pressure on borrowing costs for households and companies. At the same time, import prices rose 0.3% in June instead of falling, a reminder that the cost of goods coming into the country is...
China's Zhongji Innolight, a manufacturer of optical transceivers, will launch a Hong Kong listing on Wednesday and is seeking to raise at least $8 billion, according to three sources with direct knowledge of the matter. Zhongji Innolight did not immediately respond to a request for comment from Reuters. The deal will be Hong Kong's largest share sale in nearly seven years since Alibaba Group's $12.9 billion listing in 2019.
Chinese authorities are considering tightening export controls on AI and semiconductor technologies, the Financial Times reported on Tuesday. The step reflects Beijing's push to keep domestic AI at home and show that China, like the U.S., now sees advanced AI as a critical national asset requiring controls. Earlier this month, Reuters had exclusively reported that Chinese authorities had earlier held meetings with top tech firms about potentially restricting overseas access to China's most advanced AI models, including those yet to be released.
Chinese regulators are considering tightening export controls on artificial intelligence and semiconductor technologies, as the US-China rivalry...
Ant International, an overseas affiliate of the Jack Ma-founded Chinese fintech firm Ant Group, has raised $1.2 billion in its latest equity fundraising as it seeks to expand. Affiliates Ant Group and Alibaba Group participated in the private funding round, the company said on Tuesday, without disclosing the size of their commitment. Ant International plans to accelerate its expansion in the merchant payment business, account management and other financial services for enterprises globally.
<p>Looking to diversify your U.S. equity-centric portfolio? Emerging markets are touted as one of the best solutions, but these days they’re strikingly similar in tech concentrations to U.S. funds. Pictet’s Young Jae Lee offers a different perspective and approach to EM investing with genuine diversification via the RISE ETF on this week’s Behind the Ticker. </p>
A chip-stock rebound lost steam Monday as artificial-intelligence anxieties and Mideast tensions weighed on markets. Major U.S. stock indexes edged lower, with the Dow industrials leading losses. The Dow dropped 0.6%, or 307 points, while the S&P 500 fell 0.2%.
Kimi K3 boosts demand as Moonshot targets a Hong Kong IPO within six months.
Xi promotes global AI cooperation as Chinese models expand adoption and security scrutiny grows in both China and the U.S.
There are only two AI leaders that matter in the fight for coding supremacy right now, and neither is backing down from the other. Anthropic’s Claude Fable 5 remains the benchmark every Chinese lab measures itself against, and two different companies made that exact comparison within three days. ...

<body><p>STORY: Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform.</p><p>The company said it will appeal the fine as it considers it excessive.</p><p>Thomas Regnier is an EU spokesman.</p><p>"AliExpress has just received a fine of 550 million euros for breaching the Digital Services Act. AliExpress failed to assess and mitigate the risks of illegal products being offered on its marketplace. Just to give you a figure, the company itself reported that almost 15 million illegal products were recommended last year to users in the European Union. We're mostly speaking about unsafe and counterfeit products, such as cosmetics, toys, clothes, or gadgets, to name just a few."</p><p>The EU said AliExpress had not properly evaluated whether it had enough people to review the risks and had overestimated the effectiveness of its system in detecting and removing illegal products.</p><p>AliExpress said in an email that the decision ignores its quote, “sound risk management framework and the significant, proactive enhancements we have made."</p><p>The fine was the third issued under the EU's landmark new law which requires very large online platforms to do more to counter illegal and harmful content.</p><p>The company could face further penalties if the regulator decides in December that it is not complying with the ruling.</p><p>AliExpress’ competitor Temu has also been fined under the new law while Shein is facing an ongoing investigation.</p><p>Temu was hit with a €200 million fine in May while Elon Musk's social media platform X received a €120 million penalty in December last year.</p></body>
Jim Cramer took a bullish stance on Alibaba despite its brutal year-to-date slide, pairing the call with two steady compounders he thinks belong in every long-term portfolio. Here is what he told one caller sitting on a sizable BABA position.
The penalty is the largest issued under the Digital Services Act, surpassing earlier fines against X and Temu
STOCKS Investors are kicking off the trading week with AI bubble anxieties seemingly in the rearview mirror, pushing chip stocks higher and powering a nearly 1% advance in the Nasdaq composite. The gains come despite Alibaba previewing its new artificial-intelligence model-the second time in a week that China has flexed its advances in AI.
Any hopes the U.S. held for building an impregnable lead in the technology were dashed by the progress seen at a convention in Shanghai.
(Bloomberg) -- Crowds rushed to an obscure corner of China’s premier tech summit, moving past monumental booths from Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to catch a glimpse of the hottest name in domestic AI.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17
Qwen 3.8 Max raises pressure on global AI rivals
Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SP
Alibaba Stock Pops as Qwen AI Targets Anthropic's Top Model
Alibaba shares climbed in Hong Kong today after the company previewed a new large-language model that it says is second only to Anthropic’s Fable 5—the second time in a week that China has flexed its AI strength. Generally, the more parameters an AI model has, the more capable and powerful it is. Markets generally took the announcement in stride, with U.S. chipmakers rising in premarket trading—a sharp reversal from Friday when Beijing-based Moonshot AI unveiled its Kimi K3 model, with 2.8 trillion parameters.
Alibaba says its new AI model is among the most powerful currently available. Could Alibaba be the antidote to the OpenAI and Anthropic IPO doldrums?
U.S.-listed Alibaba Group stock climbed after the Chinese tech giant touted its latest AI model as trailing only Anthropic.
The latest release adds momentum to China's fast-moving race for advanced AI models.