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A federal advisory places Qwen's development methods inside the widening technology conflict between Washington and Beijing.

Asian stocks were set for broad declines Tuesday after a tech-led selloff on Wall Street outweighed a drop in oil, as traders weighed Treasury Secretary Scott Bessent’s plan to isolate Iran from the global economy.

PDD (PDD) reported second-quarter earnings ahead of Wall Street estimates on Monday even as operatin

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Alibaba (BABA) is tumbling after announcing a plan to raise about HK$80 billion ($10.2 billion) from a share sale. The share placement is expected to dilute earnings and hurt stock performance in the near term, analysts said. Meanwhile, the fundraising will help drive AI-led growth and the impact on earnings will be limited if the company can improve AI payoffs, they added. The tech and chip sectors are seeing a broader selloff globally. - SoftBank (SFTBY) is moving on news it plans a record ¥1 trillion retail bond sale to raise funds for its investment commitments to OpenAI. - Bitcoin (BTC) is continuing its rally. Spot Bitcoin exchange-traded funds had their strongest weekly inflow in 10 months last week as the original cryptocurrency surged.

Markets are kicking off an action-packed week featuring Nvidia earnings and the Federal Reserve's Jackson Hole Symposium.

Aug 24 (Reuters) - Alibaba shares fell 8% in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at

Cloud growth accelerated sharply, but infrastructure spending and weak adjusted earnings dominated the reaction.

Alibaba's (BABA) fiscal first-quarter earnings missed expectations even as revenue edged past Wall S

All three major US stock indexes were down in late-morning trading Thursday, as yields on Treasury b

China’s technology giant Alibaba on Thursday reported a 75% drop in profit for the latest quarter as it invested big in artificial intelligence infrastructure, even as revenue coming from its AI-related services gained 45%. The Hong Kong- and U.S.-listed company, which started out in e-commerce and online retail but is increasingly focused on AI technologies, said that its profit for April-June was at 10.5 billion yuan ($1.6 billion), down from 43.1 billion yuan ($6.4 billion) the same quarter last year. Quarterly revenue grew 9% to almost 269 billion yuan (nearly $40 billion), with revenue from its AI cloud and compute services up 45% to 48.4 billion yuan ($7.2 billion).

Cloud revenue jumped 45% as AI demand stayed strong. Summary

Net income fell to 10.54 billion yuan in the June quarter, while cloud revenue grew 45% on surging AI demand

Investing.com -- Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.

Investing.com -- Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.

China's Alibaba on Thursday reported a 9% rise in quarterly ‌revenue, as strong demand for AI services ‌fueled growth in its cloud business, while an extended "618" ​shopping festival boosted its core e-commerce unit. As businesses increasingly deploy artificial intelligence applications, demand for the cloud computing power needed to train and ‌run those systems ⁠has surged, benefiting China's largest technology companies. Alibaba, the country's biggest cloud services ⁠provider, has stepped up investment in AI infrastructure, proprietary models and applications, positioning the technology ​as ​a key growth driver ​for its cloud ‌and consumer businesses.

U.S. stock futures mostly pointed higher, buoyed by the unexpected intervention that broadly lifted global market sentiment.

Alibaba stock has slipped this year but earnings are an opportunity to flip the narrative on its artificial-intelligence progress.

Open-source artificial intelligence is no longer the discount alternative to Silicon Valley's frontier labs. It is setting the pace on the newest battleground: the laptop sitting in front of the user. The pitch behind that lead was simple. Download the weights, run the model on your own hardware, ...

Shares of the Chinese search-engine provider plummet after it posts a dismal set of second-quarter results.

On this episode of Stock Movers: - Shares of Alibaba (BABA) rise after disclosing a deal to sell its gaming arm and touting claims of more than 3 billion downloads for its open AI model. - Shares of DR Horton (DHI) and Macy's (M) are moved higher after Berkshire Hathaway disclosed stakes in the companies in a filing. - Shares of Snap (SNAP) are down in trading Monday. The stock is set to end its win streak over past two sessions.

By Kane Wu and Eduardo Baptista HONG KONG, Aug 17 (Reuters) - Alibaba Group is expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm

Alibaba Group is selling its videogame arm in a deal worth at least $1.5 billion, as the Chinese company shifts its focus to artificial intelligence.

Alibaba Group Holding Ltd. is selling its gaming arm in a deal worth at least $1.5 billion that will boost the Chinese e-commerce leader’s pivot to AI.

(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

Zhongji Innolight made a lackluster debut after completing Hong Kong’s largest listing since 2019, as investors calibrate their confidence in artificial-intelligence stocks.

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

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

(Bloomberg) -- Elon Musk’s SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO — but banks are still likely to rake in about $500 million from the record-setting market debut.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Sa

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