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(Bloomberg) -- Alibaba Group Holding Ltd. released its latest flagship AI model, with performance claims putting it alongside global leaders like Anthropic’s Fable.Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesIndia’s Family Offices Embrace Profit-Sharing to Attract Top TalentCrushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to BuyThe new
Meta CEO Breaks Ranks, Says Banning Chinese AI Is the Wrong Move
Zhongji Innolight made a lackluster debut after completing Hong Kong’s largest listing since 2019, as investors calibrate their confidence in artificial-intelligence stocks.
Shares in China's Zhongji InnoLight fell in the first few minutes of its Hong Kong debut Thursday, after raising at least US$6.8 billion in the city's biggest IPO since 2019.The Shenzhen-listed firm priced shares at HK$980, raising about HK$53.4 billion (US$6.8 billion) in Hong Kong's biggest public offering since Chinese tech behemoth Alibaba listed in 2019.
Morgan Stanley kept Alibaba a top pick after cutting its target to $180, now about 60% above the share price.
The latest trading day saw Alibaba (BABA) settling at $114.06, representing a -2.14% change from its previous close.
BABA is down 19.7% YTD as profit pressure, rising AI spending and legal overhangs cloud the outlook despite a recent July rebound.
The Financial Times reported that both OpenAI and Google confirmed they have been supplying advanced AI services to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent — three Chinese tech companies…
Investing.com -- Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.
<body><p>STORY: From Samsung's huge quarter to Microsoft's big lay offs...</p><p>This is AI Weekly.</p><p>:: AI Weekly</p><p>Samsung flagged a 19-fold jump in second-quarter profits from a year earlier.</p><p>The South Korean giant estimated April-June operating profit at just over $58 billion - ahead of analyst projections.</p><p>The global AI boom drove huge demand for Samsung's chips, and sent prices for silicon sky-high.</p><p>Although investors wiped more than $80 billion off the firm's market value after the results were announced over worries about how long the AI bonanza will last.</p><p>China plans to allow its top AI firms to buy a limited number of Nvidia's most powerful AI chip, the H200.</p><p>That's according to a report from The Information.</p><p>It said Chinese officials recently told local leaders Alibaba, ByteDance and DeepSeek they may soon get permission to buy some of the chips.</p><p>Beijing has until now withheld approval of buying the H200 as it looks to support domestic suppliers.</p><p>Microsoft said it will cut more than 2% of its workforce, or roughly 4,800 jobs.</p><p>It joins a wave of layoffs at tech titans as they move investments to AI infrastructure.</p><p>Booming AI demand has powered growth at Microsoft's Azure cloud-computing business.</p><p>But the growing cost of building data centers to run those services has hit cash flows.</p><p>And sources told Reuters China's DeepSeek is developing its own AI chip.</p><p>It could lower its reliance on Nvidia and Huawei chips which is needed to train and run its AI models.</p><p>The sources said the chip is designed for inference, rather than for training new models.</p><p>Inference is the stage of AI computing where a trained model generates responses for users.</p><p>DeepSeek didn't respond to a request for comment.</p></body>
The Morning Bull - US Market Morning Update Thursday, Jul, 9 2026 US stock futures are pointing lower this morning, with E mini S&P 500 contracts down about 0.8%, as investors react to a mix of higher borrowing costs and fresh inflation worries. The US 10 year Treasury yield is sitting near 4.58%, a 4 week high, which means mortgages, car loans and business borrowing could stay expensive. At the same time, one year US inflation expectations are at 3.7%, and a drop in US oil inventories is...
US stock prices were falling in Wednesday's premarket session as oil prices jumped after President T
Ark Invest has almost completely unwound its once-large Alibaba position.
Investors are pivoting to AI chatbot developers after a monthslong spell of dominance for memory-chip makers like Micron and SK Hynix.
As Asian demand for mining equities strengthens, Silvercorp’s proposed Hong Kong listing could broaden its investor base and support a valuation re-rating. For years, Alibaba was one of the most important companies in China, yet much of its shareholder base sat thousands of miles away in New York.
According to a Bloomberg report on Tuesday, the offering has attracted strong interest from global long-only investors and technology-focused funds.
China's Alibaba will bar employees from Anthropic's Claude Code, citing back-door security risks and mandating Qoder.
The Chinese e-commerce company and its U.S.-based payment processor admitted to roughly 80,000 unlawful product sales over nearly a decade
(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
Strategy, Alibaba Group and Nike shares slumped to 52-week lows last week amid declining Bitcoin prices, an accusation from Anthropic, and a series of price target cuts, respectively.
Investing.com -- Alibaba Group (NYSE:BABA) shares slid 3% on Wednesday following reports that AI startup Anthropic has accused the Chinese tech giant of illicitly scraping its Claude AI models. According to a letter sent by Anthropic to US senators and White House officials, operators linked to Alibaba’s Qwen AI lab launched a massive, coordinated campaign to bypass restrictions using thousands of fraudulent accounts. Anthropic characterized the incident as the largest known attempt by a Chinese
Alibaba Group is seeking to be removed from a list of companies with alleged ties to China’s military.
Investing.com-- Chinese food delivery stocks, led by Meituan (HK:3690), fell on Thursday after the country’s markets regulator issued new rules on regulating subsidies in the sector.
Regulatory Pressure Returns to China Tech as Alibaba, JD.com Fall Sharply
Beijing believes the internet giants’ aggressive price-cutting campaign could push retailers across China into losses, potentially undermining the economy.