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Xpeng Robotics Unit Raises Over $900 Million in Funding
TechnologyReutersbloombergSCMP+3Yahooseeking-alphainvesting-com6h ago6 sources

Xpeng Robotics Unit Raises Over $900 Million in Funding

Xpeng's robotics unit has successfully raised over $900 million in a record funding round, valuing the unit at more than $6.3 billion. This significant investment positions Xpeng to challenge Tesla in the embodied AI sector.

Alibaba Plans $10 Billion Share Sale to Fund Global AI Expansion
BusinessReutersbloombergFT+14der-spiegelSCMPder-standarddie-pressenikkei-asiaobservadorYahoostraits-times+6 more1d ago17 sources

Alibaba Plans $10 Billion Share Sale to Fund Global AI Expansion

Chinese e-commerce giant Alibaba announced plans to raise over $10 billion through a share placement in Hong Kong, aiming to significantly expand its investments and drive in artificial intelligence.

Walmart and Flowers Foods Stocks Decline Amid Disappointing Earnings
BusinessBBCbloombergNYT+15wapoAl Jazeeracbcglobe-and-mailmarketwatchforbesfortuneYahoo+7 more3d ago18 sources

Walmart and Flowers Foods Stocks Decline Amid Disappointing Earnings

Walmart's stock slid significantly after reporting slower US sales growth, contributing to a broader market retreat. Flowers Foods also saw its stock decline following a miss on earnings and revenue expectations, with a drop in volume and a cut in guidance.

Alibaba Launches Lightweight Qwen AI Model
BusinessSCMP6d ago

Alibaba Launches Lightweight Qwen AI Model

Alibaba Group Holding has introduced its new lightweight AI model, Qwen3.8-27B, which is designed to compete with larger AI systems while being able to run on everyday hardware. The model has impressed developers with its performance.

AI Leaders to Meet White House Officials on Safety; Tech Companies Announce Strong Financial Outlooks
PoliticsbloombergFTThe Guardian+18Fox NewscnbcberlingskeSCMPsvenska-dagbladetmarketwatchBusiness Insiderindex-hr+10 more20d ago21 sources

AI Leaders to Meet White House Officials on Safety; Tech Companies Announce Strong Financial Outlooks

Major AI companies including OpenAI, Anthropic, Google, and Meta are set to meet with White House officials to discuss AI safety testing. Meanwhile, several tech firms like Palantir, Onsemi, and Adeia announced strong financial forecasts and revenue targets, with Palantir's earnings surging past expectations.

Alibaba Unveils New AI Model Amidst DeepSeek's Low-Cost Innovation
TechnologyReutersbloombergcnbc+9die-pressedelfi-ltobservadorTimes of Indiandtvvijesti-mechannel-news-asiaseeking-alpha+1 more21d ago12 sources

Alibaba Unveils New AI Model Amidst DeepSeek's Low-Cost Innovation

Alibaba has launched its latest and most powerful AI model, Qwen3.8-Max, as competition in the AI sector intensifies. Concurrently, DeepSeek's new AI model has been identified as the most cost-effective among well-known models to operate.

EU Fines AliExpress €550 Million, Considers Pausing Methane Penalties
BusinessBBCFTle-monde+58The GuardianAl Jazeeranzzyle-uutisethelsingin-sanomatnosruvtagesschau+50 more1mo ago61 sources

EU Fines AliExpress €550 Million, Considers Pausing Methane Penalties

The European Commission has imposed a record €550 million fine on Chinese e-commerce giant AliExpress for allowing the sale of illegal and dangerous goods. Simultaneously, the EU is considering pausing methane emission penalties amid the ongoing energy crisis and pressure from the US.

Alibaba Stock Surges Amid Rise of Cheaper AI Solutions
BusinessYahoo1mo ago

Alibaba Stock Surges Amid Rise of Cheaper AI Solutions

Alibaba's stock has seen a significant surge, attributed to the emergence of more affordable artificial intelligence technologies that are challenging US dominance in the sector. This trend highlights the evolving landscape of global AI competition.

'Magnificent Seven' Stocks Appear Cheapest in a Decade Amid Midday Moves
Businesscnbc1mo ago

'Magnificent Seven' Stocks Appear Cheapest in a Decade Amid Midday Moves

This report highlights the companies making headlines and experiencing the largest movements in midday trading, including Broadcom, Chevron, Alibaba, and Carnival. Additionally, the 'Magnificent Seven' megacap stocks are noted as appearing to be the cheapest in a decade by one measure, despite a challenging year.

Anthropic's Claude AI Faces Lawsuit and Corporate Restrictions
BusinessFrance 24Yahooindian-express1mo ago3 sources

Anthropic's Claude AI Faces Lawsuit and Corporate Restrictions

Anthropic's Claude AI is facing a new $75 million lawsuit for allegedly pirating books to train its models, while also being restricted by companies like Meta and Alibaba. Despite these challenges, Claude is now available in Microsoft Foundry powered by Nvidia GPUs.

Alibaba and Tencent Lose DC Lobbyists Due to US Curbs
Politicsjapan-times1mo ago

Alibaba and Tencent Lose DC Lobbyists Due to US Curbs

Alibaba and Tencent have been dropped by their DC lobbyists to comply with a new US law that bars the Defense Department from working with companies represented by lobbyists who also work for Pentagon-blacklisted entities.

Alibaba Raises $10 Billion for AI Push Through Share Sale
TechnologyReutersbloombergmarketwatch+3morningstarYahoocaixin-global4h ago6 sources

Alibaba Raises $10 Billion for AI Push Through Share Sale

Alibaba has raised $10 billion through a share placement in Hong Kong, with the funds earmarked for its artificial intelligence initiatives. The announcement led to a drop in Alibaba's stock as investors questioned the justification for the significant AI spending.

Devoted Health and Alibaba-Backed Robot Company Seek New Funding
BusinessBusiness Insiderseeking-alpha2d ago2 sources

Devoted Health and Alibaba-Backed Robot Company Seek New Funding

Devoted Health is reportedly raising a new funding round at a $25 billion valuation, while an Alibaba-backed robot company is seeking $3 billion in new funding. Both companies are in the process of securing substantial investments to fuel their growth.

Hong Kong Activists Convicted for Inciting Subversion Over Tiananmen Vigils
WorldBBCbloombergFT+39le-mondeThe GuardianAl Jazeeranzzyle-uutisetcbcnosruv+31 more3d ago42 sources

Hong Kong Activists Convicted for Inciting Subversion Over Tiananmen Vigils

Two prominent Hong Kong democracy activists have been convicted of inciting subversion for their roles in organizing annual vigils commemorating the Tiananmen Square massacre. The conviction highlights the ongoing crackdown on dissent in the city.

Alibaba's AI Spending Boosts Revenue But Dents Profit
Businessbloombergcnbcglobe-and-mail+3nikkei-asiaseeking-alphainvesting-com4d ago6 sources

Alibaba's AI Spending Boosts Revenue But Dents Profit

Alibaba reported a 9% jump in quarterly revenue, driven by its cloud business fueled by the AI boom, but increased AI spending dented its profit. Analysts are backing Alibaba despite concerns about the impact of AI outlays on earnings.

Alibaba to Sell Gaming Arm Lingxi Games for Over $2 Billion
TechnologyReutersbloombergwsj+6SCMPmorningstarYahoostraits-timesseeking-alphakhaleej-times7d ago9 sources

Alibaba to Sell Gaming Arm Lingxi Games for Over $2 Billion

Alibaba is reportedly selling its gaming division, Lingxi Games, in a deal valued at over $2 billion, as the tech giant shifts its strategic focus towards AI and e-commerce. This move signifies a major divestment from its gaming ventures.

Global Stock Markets Experience Fluctuations Amid Economic Factors
Businessiefimeridamoneycontrolinvesting-com7d ago3 sources

Global Stock Markets Experience Fluctuations Amid Economic Factors

Global stock markets are experiencing fluctuations, with the General Index in Greece seeing a 0.37% drop and the Sensex in India declining by 300 points. Elevated crude oil prices are cited as a key factor behind the market downturns, while Alibaba stock climbed.

Alibaba Shares Soar 27.4% in July
BusinessYahoo17d ago

Alibaba Shares Soar 27.4% in July

Alibaba's shares experienced a significant increase of 27.4% during the month of July. The article explores the reasons behind this substantial rise in the company's stock value.

Alibaba, Baidu Shares Surge on Reported Apple AI Partnership
Technologycnbcseeking-alpha1mo ago2 sources

Alibaba, Baidu Shares Surge on Reported Apple AI Partnership

Shares of Alibaba and Baidu rallied significantly in Hong Kong following reports of a potential artificial intelligence partnership with Apple. Investors reacted positively to the news, driving up the stock prices of both Chinese tech giants.

Alibaba to Pay $600 Million to Settle US Illegal Drug Sales Probe
BusinessBBCbloombergNYT+12Fox NewsSCMPirozhlasBusiness InsiderThe Independentklix-bandtvchannel-news-asia+4 more1mo ago15 sources

Alibaba to Pay $600 Million to Settle US Illegal Drug Sales Probe

Alibaba and its US payments unit have agreed to pay $600 million to settle a US Department of Justice probe into allegations of facilitating illegal drug and drug paraphernalia sales. This settlement addresses charges that the e-commerce giant allowed such transactions on its platforms.

Anthropic Accuses Alibaba of Illegally Copying AI Data, Seeks US Action
Businessberlingskela-vanguardiaindian-express1mo ago3 sources

Anthropic Accuses Alibaba of Illegally Copying AI Data, Seeks US Action

AI company Anthropic has accused Alibaba of illegally and massively copying data from its Claude AI model, seeking tougher action from US authorities. This accusation points to a potential intellectual property dispute in the artificial intelligence sector.

Alibaba Sues Pentagon Over Blacklist Designation
BusinessBBCbloombergNYT+14FTAl Jazeerale-figaroSCMPtvn24digi24hindustan-timesjapan-times+6 more2mo ago17 sources

Alibaba Sues Pentagon Over Blacklist Designation

Chinese e-commerce giant Alibaba has filed a lawsuit against the U.S. Pentagon, seeking its removal from a blacklist that designates it as a 'Chinese military company.' Alibaba asserts that it is not a military company and the designation is unfounded.

Michael Burry Bets on Chinese Stocks, Warns of US AI Valuations
BusinessTimes of India2mo ago

Michael Burry Bets on Chinese Stocks, Warns of US AI Valuations

Michael Burry, known for predicting the 2008 housing crash, has increased his investment in Chinese e-commerce giant Alibaba, citing its AI strategy and buyback program as undervalued. He maintains a bearish stance on U.S. AI companies, warning of inflated valuations.

Asian Tech Stocks Decline Amid AI Focus and Nvidia Price Hike
Businessbloombergwsjmorningstar+4Yahooeconomic-timesmoneycontrolinvesting-com4h ago7 sources

Asian Tech Stocks Decline Amid AI Focus and Nvidia Price Hike

Asian tech stocks experienced a decline, led by companies like Samsung and Alibaba, amidst a focus on AI spending and Nvidia's price hike. This market movement reflects investor concerns and shifts in the technology sector.

Analyst Upgrades and Downgrades Impact Key Stocks on Thursday
Businessglobe-and-mailseeking-alpha4d ago2 sources

Analyst Upgrades and Downgrades Impact Key Stocks on Thursday

Several major stocks, including Broadcom (AVGO), Merck (MRK), Hewlett Packard Enterprise (HPE), and Alibaba (BABA), saw analyst upgrades and downgrades on Thursday. These revisions influenced market movements and investor sentiment.

Alibaba Sells Gaming Arm to Boost AI Focus
TechnologyYahoo7d ago

Alibaba Sells Gaming Arm to Boost AI Focus

Alibaba is reportedly selling its gaming division for $1.5 billion, a strategic move aimed at bolstering its pivot towards artificial intelligence and strengthening its core technology investments.

Businessbenzinga9d ago

Consumer Tech News Roundup (Aug 10-14)

A summary of consumer technology news from August 10-14 includes updates on federal lawsuits faced by Donald Trump and the collaboration between Apple and Alibaba to develop an AI model for China.

Apple Developing AI Model for China with Alibaba Support
Technologyder-standardpublicocapital-bg+4japan-timesseeking-alphaRapplerexpress-tribune10d ago7 sources

Apple Developing AI Model for China with Alibaba Support

Apple is reportedly training its own artificial intelligence model specifically for the Chinese market, with support from Alibaba. This initiative aims to tailor AI capabilities for the unique demands of the region.

Businessbloombergseeking-alpha20d ago2 sources

Chinese AI Startups Consider Hong Kong IPOs

Chinese AI startups AI² Robotics and Alibaba-backed 3D-modeling startup Vast are reportedly considering initial public offerings (IPOs) in Hong Kong. This move signals a potential expansion for these technology companies in the financial market.

Chinese AI Models Catch Up to US Counterparts
Businessfaz1mo ago

Chinese AI Models Catch Up to US Counterparts

New artificial intelligence models from China, including those from Moonshot and Alibaba, are reportedly closing the gap with leading US models from companies like Anthropic and OpenAI, causing shifts in the stock markets.

China's Moonshot AI Unveils Kimi K3 Model, Challenging US Rivals
TechnologyBBCbloombergNYT+16nzzcnbctagesschauberlingskemarketwatchBusiness InsiderYahoohindustan-times+8 more1mo ago19 sources

China's Moonshot AI Unveils Kimi K3 Model, Challenging US Rivals

Chinese AI startup Moonshot AI has unveiled its new Kimi K3 model, which it claims can rival leading US AI systems from OpenAI and Anthropic. The release has sparked discussions about China's growing capabilities in artificial intelligence and its potential impact on the global AI landscape.

Apple Intelligence Approved for iPhones in China
BusinessTimes of India1mo ago

Apple Intelligence Approved for iPhones in China

After two years, Chinese regulators have granted approval for Apple to release its artificial intelligence service, Apple Intelligence, on iPhones in the country, with Alibaba and Baidu serving as technical partners.

Alibaba Bans Employees from Using Claude Code Over Security Concerns
BusinessSCMPYahooTimes of India+2ndtvseeking-alpha1mo ago5 sources

Alibaba Bans Employees from Using Claude Code Over Security Concerns

Alibaba Group Holding has prohibited its employees from using Anthropic’s Claude Code for work, citing security risks. This decision follows reports of the US artificial intelligence firm's previous use of hidden code to track Chinese users, sparking widespread backlash and leading Alibaba to classify Claude Code as high-risk software.

Alibaba's Ant Group Invests in Humanoid Robotics
Businesscnbcseeking-alpha1mo ago2 sources

Alibaba's Ant Group Invests in Humanoid Robotics

Alibaba-affiliate Ant Group is rapidly expanding its investments in humanoid robotics, backing Zeroth Robotics and making a dozen deals in the sector within 18 months. This move signifies a strong push into AI ventures.

Anthropic Accuses Alibaba of Illicitly Accessing AI Models
BusinessBBCbloombergFT+14cnbcfazder-standardorfdie-presseBusiness Insiderforbeshotnews+6 more2mo ago17 sources

Anthropic Accuses Alibaba of Illicitly Accessing AI Models

AI company Anthropic has accused Chinese tech giant Alibaba of a large-scale, illicit attack to extract capabilities from its Claude AI models. This accusation has led to a significant drop in Alibaba's stock price.

Alibaba Launches AI Models for Enhanced Robot Autonomy
BusinessSCMPpublicoseeking-alpha2mo ago3 sources

Alibaba Launches AI Models for Enhanced Robot Autonomy

Alibaba has introduced its first suite of AI models specifically designed for robots, aiming to enhance their autonomy and capabilities in the physical world. This move signifies the company's expansion beyond chatbots into advanced robotics.