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Alibaba (BABA) Launches $1.5 Billion Pupu Bid As Meituan Rivalry Heats Up
Simply Wall St.43d agoneutral
Alibaba (BABA) Launches $1.5 Billion Pupu Bid As Meituan Rivalry Heats Up

Alibaba 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...

Bloomberg43d 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

Bloomberg43d 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

Bloomberg44d 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

Bloomberg45d 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

Reuters45d agoneutral
Tech, crypto firms to help tackle illegal wildlife trade

To look ⁠for ways to eradicate online listings, including through AI-enabled detection and prevention. Represent a ⁠fifth of the global e-commerce market and 90% of the world's social media users. Vodafone, Vodacom, Safaricom to use ​AI ​in anti-money-laundering and transaction monitoring ​systems across mobile money ‌platform M-Pesa.

Alibaba Group Holding (BABA): One of the Stocks with Potential to Explode in 2026
Insider Monkey45d agoneutral
Alibaba Group Holding (BABA): One of the Stocks with Potential to Explode in 2026

Alibaba Group Holding Limited (NYSE:BABA) is one of the Stocks with Potential to Explode in 2026. On June 12, Bloomberg reported that Alibaba Group Holding Limited (NYSE:BABA) is offering $1.5 billion to purchase Chinese grocery delivery firm, Pupu. Therefore, the company started a bidding war that’s part of a broader campaign to take the market share from […]

Here’s What JPMorgan Thinks of Alibaba Group Holding Ltd (BABA)
Insider Monkey46d agoneutral
Here’s What JPMorgan Thinks of Alibaba Group Holding Ltd (BABA)

Alibaba Group Holding Ltd (NYSE:BABA) is one of the best falling stocks to invest in, according to analysts. On June 16, Goldman Sachs touted Alibaba Group Holding Ltd (NYSE:BABA) as one of its preferred China internet stocks heading into the second half of the year. According to the investment bank, the company is well-positioned to […]

Michael Burry Just Backed Up the Truck on These 3 Undervalued Tech Stocks
24/7 Wall St.47d agoneutral
Michael Burry Just Backed Up the Truck on These 3 Undervalued Tech Stocks

Dr. Michael Burry of The Big Short fame might serve as a brilliant guide for an unprecedented AI hype-driven market environment. While the man has been known to be a bit early to some of his trades, including bearish bets against the iShares Semiconductor ETF (NASDAQ:SOXX), which has managed to move past its early-summer rough ... Michael Burry Just Backed Up the Truck on These 3 Undervalued Tech Stocks

Alibaba (BABA) Faces Pentagon Blacklist As It Pushes Deeper Into AI Robotics
Simply Wall St.48d agoneutral
Alibaba (BABA) Faces Pentagon Blacklist As It Pushes Deeper Into AI Robotics

Alibaba Group Holding (NYSE:BABA) was recently added to a new Pentagon blacklist that cites alleged ties to the Chinese military, which the company rejects and plans to contest. Analysts currently see limited direct business impact, but the move introduces fresh geopolitical and regulatory uncertainty for Alibaba. At the same time, Alibaba is accelerating its AI push, unveiling robotics models aimed at logistics, warehousing, and business operations. Ant Group has rolled out an AI overhaul...

Alibaba's Tsai, zu Furstenberg Discuss AI Investment
Bloomberg48d agoneutralVIDEO
Alibaba's Tsai, zu Furstenberg Discuss AI Investment

Alibaba Group Chairman Joe Tsai and General Catalyst Managing Director Jeannette zu Furstenberg discuss investment opportunities and leadership with the development of artificial intelligence with Bloomberg's Francine Lacqua and Tom Mackenzie at the VivaTech x Bloomberg Awards in Paris.

Bloomberg48d agoneutral
China Stock Gauge Heads for Bear Market as Tech Weakness Extends

(Bloomberg) -- A major Chinese stock gauge is on track for a bear market, pressured by weakness in Internet and consumer firms.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USTrump Blows Through His Iran Red Lines in Justifying Peace DealNetanyahu Pays a Political Price for Trump’s Iran DealThe MSCI China Index dropped as much as 2.1% Thursday, tak

Bloomberg49d agoneutral
China Stock Gauge Sinks as Traders Favor AI Winners Elsewhere

(Bloomberg) -- Chinese stocks listed in Hong Kong are facing bleak milestones as a global rush into artificial intelligence supply chain players sidelines the Internet and consumer companies that dominate the offshore benchmark.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealModi Warns of ‘Short

Alibaba Group Holding Ltd (BABA): Looking Beyond Pentagon’s Black List
Insider Monkey50d agoneutral
Alibaba Group Holding Ltd (BABA): Looking Beyond Pentagon’s Black List

Alibaba Group Holding Ltd (NYSE:BABA) is one of billionaire Ken Fisher’s top high growth stock picks. On June 8, the Pentagon blacklisted Alibaba Group Holding Ltd (NYSE:BABA) on claims that the company has ties with the Chinese military. Alibaba denies the accusations and has vowed to fight to clear its name. According to Citi analyst […]