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BEIJING, June 30 (Reuters) - China's food delivery giant Meituan said on Tuesday it had released and would open-source its next-generation LongCat large ‌language model, claiming it is the world's first trillion-parameter AI system trained and run ‌entirely on a 50,000-chip cluster powered by Chinese-made processors. Meituan, often compared to DoorDash, is a late entrant to China's crowded ​and well-funded AI sector, where rivals include DeepSeek and ByteDance's Doubao.

(Bloomberg) -- China’s Tencent Holdings Ltd. is ramping up buybacks as its Hong Kong-listed shares struggle to recover from a selloff that’s wiped out about $309 billion in market value since early October.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanSupreme Court Leaves Tru

(Bloomberg) -- After a banner year for Chinese stocks on the back of AI advances, 2026 is not going well.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesSupreme Court Leaves Trump’s Fed, Citizenship Gambits for LastPrabowo Risks Prompt Global Banks to Pull Cash Out of IndonesiaThe MSCI China Index has tumbled 15%, the worst performance glo

The clash over Claude could test Anthropic’s valuation by exposing how hard it is to protect frontier AI models after extraction.

Michael Burry is not a name the market ignores. The investor behind the "Big Short" trade that predicted the 2008 financial crisis has made his bearish stance on Palantir Technologies one of the more talked-about positions on Wall Street. Now, something has shifted. According to GuruFocus: Burry's ...

The Chinese giant isn't completely insulated from those higher tariffs and tighter restrictions.

U.S. stock markets are mostly headed for a month in the red amid a downbeat streak for technology names.

AI chip rally powers gains as inflation data looms.

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start o

(Bloomberg) -- SK Hynix Inc.’s planned $29 billion US listing has arbitrage investors dissecting securities filings and peppering brokers with questions about a single unresolved issue: whether the Korean chipmaker’s American depository receipts can be freely exchanged for Seoul-listed shares, a feature that could determine whether price gaps persist between the two markets.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale b

South Korea’s SK Hynix plans to issue American depositary receipts on Nasdaq. The world’s second-largest ​memory-chip maker said it is looking to raise more than $29 billion, and expects trading to begin July 10.

In a letter obtained by The Wall Street Journal, Anthropic alleged that Alibaba and its AI unit conducted “the largest known distillation attack” on the company to date.

(Bloomberg) -- Alibaba Group Holding Ltd. shares slid to a 16-month low in Hong Kong after Anthropic PBC accused the Chinese technology giant of “illicitly” accessing its artificial intelligence model. Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesGrand Ole Opry House

Anthropic has accused Chinese ecommerce giant Alibaba of obtaining illicit access to Claude by creating fake accounts designed to access the...

Anthropic has accused Chinese ecommerce giant Alibaba of obtaining illicit access to Claude by creating fake accounts designed to access the...

Anthropic ‌accused Alibaba, ‌the Chinese ​technology and e-commerce giant, of ‌illicitly ⁠extracting its Claude ⁠AI model ​capabilities, ​calling it ​the ‌largest known distillation attack on the company ‌to ​date, ​according ​to ‌a letter seen ​by ​Reuters.

The offering would be one of the biggest share sales in history, comparable to Saudi Aramco’s 2019 initial public offering and surpassing Alibaba’s U.S. ADR offering in 2014. Micron Technology shares were up about 10% in aftermarket trading. The chip maker reported fiscal third-quarter results after the close that beat consensus revenue and earnings estimates.

The Chinese tech giant Alibaba has sued the U.S. Department of Defense, demanding that it be removed from the Pentagon's list of Chinese military companies that prohibits them from landing U.S. defense contracts and carries reputational damage. In the petition filed this week in the San Jose division of the U.S. District Court in the Northern District of California, Alibaba, which is publicly traded on the New York Stock Exchange, argued that the designation, announced on June 8, has “no basis in fact or law" and that the Pentagon failed to reach its conclusion through any fair process. It is the latest lawsuit by a Chinese company against the Pentagon over such national security labels.

The chip maker is seeking to tap foreign investors to fund its expansion plans as the AI boom fuels a rush for advanced chips.

Chinese tech giant Alibaba has filed a federal lawsuit against the Defense Department for designating it a military-linked firm.

South Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be a record secondary listing, as the Nvidia supplier ‌seeks to capitalise on strong investor appetite for AI stocks. If completed at the top end, the offering would be ‌the largest U.S. listing by a Korean firm and potentially the biggest ever via American Depositary Receipts, surpassing Alibaba's $25 billion 2014 debut. The planned listing reflects strong global ​appetite for AI-linked equities, even as volatility increases across U.S. tech and semiconductor markets.

(Bloomberg) -- Tencent Holdings Ltd. is preparing to launch an AI agent for its Slack-like enterprise communication app, intensifying a high-stakes battle among Chinese tech giants to lock users into their ecosystems in the post-ChatGPT era.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $

Alibaba Group is seeking to be removed from a list of companies with alleged ties to China’s military.

(Bloomberg) -- SK Hynix Inc. is expected to submit a statement to Korea’s financial regulator for an offering of American Depositary Receipts, according to Korea Economic Daily.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesSpaceX Falls for Third Day, Erases $600 Billion in Market ValueKorean Stocks Tumble 10% as Extreme Volatility Rattles Investors‘FOMO Really Got Me’: Taiwanese Go Deep Into D

Investing.com -- Alibaba Group Holding Ltd. filed a lawsuit against the Department of Defense on Tuesday to remove itself from a blacklist that identifies the company as a supporter of the Chinese military.

June 23 () - Chinese ‌tech ‌and e-commerce ​giant Alibaba sued the ‌U. ⁠Department of ⁠Defense for ​designating ​it ​a "Chinese ‌military company," according to a ‌court ​filing ​on ​Tuesday.

Chinese tech and e-commerce giant Alibaba sued ‌the U.S. Department of ‌Defense for designations including saying it was ​a "Chinese military company," according to a court filing on Tuesday. "The determinations have no basis in ‌fact or law," ⁠Alibaba said in its lawsuit. "Alibaba is governed by ⁠an independent board, none of whom has any military affiliation."

Michael Burry has questioned SpaceX’s valuation, but the famed investor believes the cost to short SPCX is too high. Instead, he is buying these three stocks.

(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

(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