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Alibaba shares defy major AI scandal as Wall Street bites
TheStreet33d agoneutral
Alibaba shares defy major AI scandal as Wall Street bites

Alibaba Group Holding (BABA) stock surged in premarket trading on Wednesday after a wave of good news landed at once. Just days earlier, Alibaba and Anthropic were trading accusations, not compliments, in a dispute over stolen AI technology and hidden tracking code. The rally proves those two ...

Bloomberg33d agoneutral
SK Hynix Said to Guide US Offering Price 3.1% Above Korea Close

(Bloomberg) -- SK Hynix Inc. is telling investors it intends to price its US listing at $149 per American depositary receipt, according to people familiar with the matter, despite recent volatility in the Korean memory chipmaker’s shares.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran for Sec

Alibaba Stock Jumps as Investors Look for Less-Crowded AI Trades
The Wall Street Journal34d agobullish
Alibaba Stock Jumps as Investors Look for Less-Crowded AI Trades

Hong Kong tech stocks staged a comeback today, even as South Korea's Kospi, an AI darling, slipped into bear market. Investors aren't necessarily abandoning AI, they are moving away from the most crowded parts of the trade and looking for a different AI driver, according to Saxo Markets chief investment strategist Charu Chanana.

Alibaba shares rise on Pentagon legal reprieve and pre-earnings optimism
Proactive34d agoneutral
Alibaba shares rise on Pentagon legal reprieve and pre-earnings optimism

Alibaba Group (NYSE:BABA)'s US-listed shares jumped almost 11% on Tuesday, supported by a temporary legal reprieve in the United States and growing optimism ahead of the company's upcoming earnings report. Investor sentiment improved after a US federal judge temporarily blocked restrictions...

Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally
24/7 Wall St.34d agobullish
Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally

Shares of Alibaba (NYSE:BABA) are up 9% to $106 and change in early Wednesday trading, leading a broad rally in Chinese internet and e-commerce names. Alibaba stock closed at $98.14 on Tuesday, and even after this morning’s pop the shares remain down 28% year to date. The move extends well beyond Alibaba. Baidu (NASDAQ:BIDU) shares ... Alibaba Surges 9% Ahead of Earnings, Baidu Gains 5% as Chinese E-Commerce and Tech Stocks Rally

Alibaba Jumps Nearly 10% As China AI Stocks Rally
Investor's Business Daily34d agobullish
Alibaba Jumps Nearly 10% As China AI Stocks Rally

U.S.-listed Alibaba Group (BABA) stock jumped nearly 10% in early trading Wednesday, leading a broader rally for China tech and AI stocks. Alibaba stock gained more than 8% to 106 in premarket trades on the stock market today. China search-engine leader Baidu (BIDU) is ahead nearly 5% at 117.38 while Alibaba' e-commerce rival JD.com (JD) climbed 3% to 27.33. Wednesday's...

Bloomberg34d agobullish
Alibaba’s Shares Jump Most in Ten Months as Earnings Hopes Grow

(Bloomberg) -- Alibaba Group Holding Ltd.’s shares surged the most since September, after investors turned optimistic on its earnings and shifted capital into major Chinese internet companies that had lagged the market.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthUS Strikes Iran and Blocks Oil Sales in New Test of TruceChina Sent

Bloomberg35d agoneutral
Chinese Firms Leave Nvidia for Local AI Suppliers, Survey Shows

(Bloomberg) -- Chinese companies are ditching Nvidia Corp.’s advanced accelerators in favor of domestic silicon, underscoring how tensions with the US are reshaping the AI infrastructure buildout and propelling Beijing’s ambitions to substitute American technology.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash

Alibaba’s Anthropic ban hides bigger AI shift
TheStreet36d agoneutral
Alibaba’s Anthropic ban hides bigger AI shift

Alibaba’s reported ban on Anthropic’s Claude Code looks, on the surface, like an IT decision at a company. It’s probably bigger than that. A Chinese tech giant has warned staff not to use Anthropic’s AI coding helper at work and has directed them toward its own coding platform, Qoder, Reuters ...

Goldman Sachs turns its back on major semiconductor stock
TheStreet36d agoneutral
Goldman Sachs turns its back on major semiconductor stock

Goldman Sachs spent more than a year telling clients that Taiwan Semiconductor Manufacturing (TSM) was one of the best stocks to own in Asia. However, on July 1, 2026, the bank changed its mind. Goldman dropped TSM from its Asia-Pacific Conviction List. This list is the bank's short roster of ...

Bloomberg36d agoneutral
Singapore Files New Charges in Nvidia Chip Fraud Case

(Bloomberg) -- Singaporean prosecutors filed additional charges including money laundering against a key suspect in an AI server fraud case, part of the Southeast Asian nation’s growing efforts to clamp down on Nvidia Corp. chips being diverted illicitly to other locations including China. Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Globa

Bloomberg36d agoneutral
ByteDance, Alibaba Pull AI Companions as Beijing Tightens Rules

(Bloomberg) -- ByteDance Ltd. and Alibaba Group Holding Ltd. are pulling the plug on features that let users build and chat with AI companions, preparing for new Chinese regulations governing human interactions with artificial intelligence.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests Af

Bloomberg37d agoneutral
Alibaba Gets Reprieve From Lobbying Ban Tied To Pentagon’s Curbs

(Bloomberg) -- A federal judge ordered the Pentagon to give Alibaba Group Holding Ltd. a reprieve from a law that caused all of its lobbyists to drop it while she considers its constitutionality in a case set to test the ability of the US government to restrict Chinese companies’ activities.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great American State Fair Looks So EmptyOil’s Supply

Bloomberg37d agoneutral
SK Hynix Seeks Access to AI Investors in $29 Billion US Listing

(Bloomberg) -- This week’s $29 billion US stock-market listing for SK Hynix Inc. may be the biggest-ever first-time share sale by a foreign company, but it isn’t just about raising cash. It’s also about competing in the hottest corner of the global stock market — memory chips used in AI computing.Most Read from BloombergWhy the Great American State Fair Looks So EmptyBrazil Freezes $2 Billion, Pursues Arrests After US SanctionOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutTanker

Alibaba, Tencent back Kuaishou's Kling AI in $2.8 billion fundraise
Reuters39d agoneutral
Alibaba, Tencent back Kuaishou's Kling AI in $2.8 billion fundraise

China's Kuaishou Technology said on Thursday a group of investors including Alibaba and Tencent will inject ‌over 19 billion yuan ($2.80 billion) in Kling AI, while ‌valuing the popular AI video arm at $15 billion on a pre-money basis. The fundraising ​underscores investors' appetite for China's fast-growing AI sector, which continues to attract billions of dollars in fresh capital. Technology companies have raised a total of $3.1 billion from stock market listings in China this ‌year to mid-June, ⁠more than five times the amount raised last year.

Alibaba to ban employees from using Anthropic's coding tool, source says
Reuters39d agoneutral
Alibaba to ban employees from using Anthropic's coding tool, source says

Chinese tech giant Alibaba has banned employees from using Anthropic's Claude Code at work after the tool drew scrutiny for features that can ‌help identify China-linked users, according to a person familiar with the order. The ban is part ‌of a deepening spat between the two companies after Anthropic accused Alibaba of illicitly extracting its Claude AI model capabilities — a dispute ​that highlights the frantic race between the U.S. and China to take the lead in artificial intelligence. Claude Code is Anthropic's AI coding assistant for software developers.

Alibaba to pay US $600M to settle allegations it allowed illegal drug and equipment sales
Associated Press41d agoneutral
Alibaba to pay US $600M to settle allegations it allowed illegal drug and equipment sales

The Chinese tech giant Alibaba will pay $600 million to resolve a dispute with the U.S. government over allegations that the Hangzhou-based firm sold and imported illegal pharmaceuticals, controlled substances, regulated chemicals, and pill-making equipment into the U.S. Alibaba operates some of the world's largest e-commerce platforms, including Alibaba.com and AliExpress.com. The U.S. alleges that Alibaba’s U.S.-based payment processor, AUS Merchant Services, violated federal law by failing to prevent merchants from selling and importing illegal products into the U.S. through Alibaba.com and AliExpress.com.

Bloomberg42d agoneutral
Chip Stocks’ Best Quarter Ever Is Ending With Some Wild Swings

(Bloomberg) -- Chip stocks are heading for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS St