The Latest Breaking News from Alibaba

Is the rally is Alibaba shares just getting started after its strong earnings and announcement that it will invest $53 billion in AI and cloud computing?

When small Chinese artificial intelligence (AI) company DeepSeek released a family of extremely efficient and highly competitive AI models last month, it rocked the global tech community. The release revealed China’s growing technological prowess. It also showcased a distinctly Chinese approach to AI advancement.

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.

Alibaba is doubling down on its e-commerce and cloud operations and optimizing its underperforming segments. Analysts are bullish about BABA’s prospects.

China’s tech earnings this week now give an early glimpse into how its tech CEOs are thinking about DeepSeek.

Global markets show mixed performance with France and Japan up, Germany and Britain down. BoJ hints at rate hikes, Alibaba's strong results boost Hang Seng.

The yen pulled back a day after rallying past the 150-per-dollar mark following a warning on rising bond yields by Japan's finance minister saw a rethink over bets on how many interest rate hikes the central bank will announce this year.

March S&P 500 E-Mini futures (ESH25) are up +0.11%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.28% this morning, partially rebounding from yesterday’s slump on Wall Street, while investors brace for U.S. business activity data.

March S&P 500 E-Mini futures (ESH25) are up +0.05%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.12% this morning, stabilizing after yesterday’s slump on Wall Street, while investors brace for U.S. business activity data.