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The Latest Breaking News from Joe Tsai

Alibaba's Cloud Was Born Out Of 'Necessity,' Says Chairman Joe Tsai — Dependence On US Vendors Threatened 'All Of Our Profits'

Speaking at the HKU Business School Edward K Y Chen Distinguished Lecture, Alibaba Group Holdings (NYSE:BABA) chairman Joe Tsai said the company built its cloud business out of urgent need—not strategy—as rising reliance on U.S. technology vendors put its future profitability at risk.

Benzinga

Alibaba Opens Second Dubai Data Center To Boost AI Adoption

Alibaba Group (NYSE:BABA) recovered its losses from Tuesday in Wednesday premarket trading, supported by its ongoing push into artificial intelligence (AI).

Benzinga

Alibaba's Joe Tsai Pushes Back On US-China 'AI Race' Rhetoric: 'Why Would Any One Country...'

Alibaba Group Holding Ltd (NYSE:BABA) Chairman Joe Tsai shared his thoughts on the U.S.-China AI competition this week, suggesting that the U.S. should reconsider its approach.

Benzinga

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How Alibaba Cloud Plans To Turn NBA Games Into AI-Powered Fan Experiences

Alibaba Cloud, the digital technology arm of Alibaba Group (NYSE:BABA), and NBA China have launched a landmark, multiyear partnership set to fundamentally transform fan engagement across China.

Benzinga

What Taylor Swift taught RBC CEO Dave McKay

Also: All the news and watercooler chat from Fortune.

Fortune

Chinese Stocks See Broad Rally As US Eases Chip Curbs

U.S.-listed Chinese stocks, including tech giants Alibaba Group Holding (NYSE:BABA), PDD Holdings (NASDAQ:PDD), JD.com (NASDAQ:JD), and Baidu (NASDAQ:BIDU), experienced significant gains on Tuesday.

Benzinga

Alibaba Streamlines Leadership Amid AI and Global Push

Number of partners reduced from 26 to 17 as Alibaba sharpens focus on revitalizing growth

Caixin Global

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Nvidia Stock Is Plunging on Trump’s Export Restrictions: Time to Buy?

Nvidia stock is trading sharply lower today after the Trump administration barred the company from exporting its H20 chips to China. Should you buy the dip?

Barchart

Alibaba's chair issues 'bubble' warning about U.S. AI investments

Joe Tsai took aim at the $500 billion attached to OpenAI's Stargate project—and the idea of investors building data centers "on spec."

Fortune

China’s way to drive economic growth is getting consumers to unleash $20 trillion of rainy-day savings, says Alibaba chair Joe Tsai

Tariffs and geopolitics mean China can’t count on exports for growth anymore, but restoring consumer confidence could allow domestic consumption to become a growth driver.

Fortune

Nets owner Joe Tsai hints at longer-term approach, which could benefit Rockets’ future draft picks

Brooklyn’s sudden emphasis on taking a longer-term approach could benefit Houston, which owns first-round draft assets from the Nets through 2027.

USA Today Sports Media Group

Jack Ma Breaks Silence, Endorses Alibaba's Restructuring Efforts

Jack Ma breaks years of silence to endorse Alibaba's comprehensive restructuring, praising the company's leadership.

International Business Times

Brooklyn Nets Owner Joe Tsai Considering Selling Minority Stake

Brooklyn Nets owner Joe Tsai in talks to sell minority stake to Koch family's 1888 Management, with potential implications for team's future.

Top News

Alibaba is replacing its e-commerce head after just nine months in the job as it tries to beat back Pinduoduo- and Temu-owner PDD

Eddie Wu, Alibaba Group CEO, is now taking direct control over the tech giant's e-commerce division.

Fortune

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The Independent UK

China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

Fortune

New York Liberty owner Clara Wu Tsai gave her team NBA-like amenities

Wu Tsai and her husband Joe Tsai, Alibaba's chair, bought the New York Liberty in 2019.

USA Today Sports Media Group

Liberty set ticket record after Mike Wilbon wrongly said Barclays Center had ‘worst’ home-court advantage

Mike Wilbon belongs on @OldTakesExposed for these comments.

Chicago Sun-Times

Michael Jordan considering selling stake in the Hornets

Jordan is the NBA’s only Black owner. He purchased the expansion team from Bob Johnson for $180 million in 2010. The team had a net worth of $1.7 billion after the 2021-22 season, according to Forbes.

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Tribune News Service

Inside the downfall of the Nets’ Kevin Durant-Kyrie Irving era

NEW YORK — Kevin Durant and Kyrie Irving chose the Nets. Not the other way around.

USA Today Sports Media Group

Draymond Green calls Nets owner Joe Tsai ‘petty’ for not trading Kyrie Irving to the Lakers

Draymond Green seems to care a lot considering he doesn't play for either team.

Tribune News Service

Kyrie Irving’s timeline: From broken promises in Boston to being shipped out of Brooklyn

Kyrie Irving’s arrival in Brooklyn energized a Nets fan base constantly reminded that they were the “little sibling” in terms of basketball relevancy in New York City. The tandem of Kevin Durant and Irving made the Nets championship contenders. However, that window slammed shut after the star guard was traded…

USA Today Sports Media Group

A look at the Lakers’ recent efforts to trade for Kyrie Irving

The Lakers reportedly made a real effort to acquire Kyrie Irving, but a couple of issues got in their way.

Tribune News Service

Nets' Kyrie Irving expected to clear suspension Sunday vs. Grizzlies

Nets star Kyrie Irving is expected to clear his suspension for Sunday’s matchup against the Memphis Grizzlies.

Tribune News Service

Nets' Kyrie Irving could return on Sunday vs. Grizzlies: report

After being suspended for “conduct detrimental to the team,” All-Star Kyrie Irving is close to returning to action with the Brooklyn Nets, according to ESPN’s Adrian Wojnarowski.

Tribune News Service

NBPA VP Jaylen Brown takes aim at Joe Tsai over Kyrie Irving ban: ‘It’s time for a larger conversation’

Jaylen Brown, National Basketball Players Association Vice President and Boston Celtics All-Star, says “it’s time for a larger conversation” now that star Nets guard Kyrie Irving continues to miss games beyond his minimum five-game suspension.

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