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The Latest Breaking News from Alibaba

Alibaba Leads Goldman's Top Chinese Picks For Global Growth

Goldman Sachs urged investors to focus on Chinese companies expanding overseas, citing a weaker yuan, cost advantages, and China’s strength in global supply chains as growth catalysts.

Benzinga

Consumer Tech News (Oct 13-17): Elon Musk's Starlink Under US Probe, Salesforce Eyes $60B Revenue, Apple Launches M5 Chip And More

A bipartisan committee in the U.S. Congress has reportedly begun a probe into Elon Musk‘s Starlink satellite business for its alleged involvement in providing internet access to scam centers in Myanmar.

Benzinga

Alibaba Cloud's New System Cuts Nvidia GPU Usage By 82%, Amid Trump's Flip Flop On AI Chip Ban On China

Alibaba Group Holding (NYSE:BABA) has introduced a new computing pooling system called Aegaeon, which dramatically reduces the reliance on Nvidia (NASDAQ:NVDA) GPUs by 82% for AI models.

Benzinga

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Alibaba Stock Surges 95% As Company Doubles Down On AI, Cloud

Alibaba Group Holding Limited (NYSE:BABA) remains aggressively invested in a gamut of activities, including integrating artificial intelligence across its e-commerce ecosystem and expanding its global footprint through significant investments in Hong Kong real estate to drive value.

Benzinga

US-China Trade Fight Hits Chinese Tech Stocks

U.S.-listed shares of major Chinese corporations, including Alibaba Group Holding Ltd. (NYSE:BABA), Baidu Inc. (NASDAQ:BIDU), PDD Holdings Inc. (NASDAQ:PDD), JD.com Inc. (NASDAQ:JD), NIO Inc. (NYSE:NIO), Li Auto Inc. (NASDAQ:LI), and XPeng Inc. (NYSE:XPEV), slid on Friday amid escalating geopolitical tensions between Beijing and Washington.

Benzinga

Alibaba's Ant Group Open-Sources dInfer, Claims AI Framework Outpaces Nvidia

Alibaba (NYSE:BABA) fintech affiliate Ant Group has open-sourced dInfer, an inference framework for diffusion language models, claiming it can make AI systems more efficient than Nvidia's (NASDAQ:NVDA) framework.

Benzinga

Hims & Hers, Salesforce, Omeros, United Airlines, And Sea Ltd: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices ended mixed on Wednesday, with the Dow Jones Industrial Average slipping 0.04% to 46,253.31. The SP 500 added 0.4% to 6,671.06, while the Nasdaq climbed nearly 0.7% to 22,670.08.These are the top stocks that gained the attention of retail traders and investors through the day: Hims Hers…

Benzinga

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Cathie Wood Goes Big On Chinese Tech: Ark Invest Places $26 Million Bet On Alibaba And Baidu, Dumps Palantir Stock

On Wednesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its stake in Alibaba Group Holding Ltd (NYSE:BABA) and Baidu Inc (NASDAQ:BIDU), while reducing its holdings in Palantir Technologies Inc (NASDAQ:PLTR) and Archer Aviation Inc (NYSE:ACHR).

Benzinga

Billionaire bosses like Jeff Bezos and Reid Hoffman denounce work-life balance—and some think working nonstop is key to success

Jeff Bezos hates the word ‘balance’—and he’s not alone. Reid Hoffman says chasing it means you’re not serious about winning, while other billionaire CEOs argue it’s incompatible with success.

Fortune

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

Can NVDA Still Be a $300 Stock If Nvidia Loses Its Monopoly in AI GPUs?

While Nvidia’s market share in the AI GPU market might come down, the sheer size of growth in that market means that NVDA stock could still continue to be a winner.

Barchart

Alibaba's Stock Comeback Has More Room To Run, Say Analysts

Alibaba Group Holding Ltd. (NYSE:BABA) stock climbed on Monday as strong performance in its cloud business and advances in artificial intelligence models offset investor concerns over escalating U.S.-China tensions.

Benzinga

Treading Fine Line, NBA Money Machine Kicks Into Gear On China Return

The NBA brought star-studded lineups to Macau this week for the league's return to China after six years but many of the biggest wins happened off the basketball court, industry insiders and experts told AFP. Thousands of fans cheered Friday as the Phoenix Suns -- led by four-time NBA All-Star…

International Business Times

Trump's new China tariff sparks wide sell-off, wiping 2.7% off the S&P 500 on the bull market's third birthday

“Some very strange things are happening in China!” Trump posted, hinting that he’ll cancel his upcoming talk with Xi Jinping.

Fortune

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Benzinga

Alibaba To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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

China Tightens The Screws On Rare Earths, But Who's Feeling The Heat?

U.S.-listed Chinese stocks, including Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), PDD (NASDAQ:PDD), Nio (NYSE:NIO), and XPeng (NYSE:XPEV), extended losses amid escalating geopolitical tensions between Beijing and Washington.

Benzinga

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.

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Benzinga

Meta, Ray-Ban Target 10 Million AI Glass Production By 2026

Meta Platforms (NASDAQ:META) is positioning itself as a leader in the emerging smart glasses market.

The Independent UK

NBA stars return to China six years after controversy over pro-democracy post

Today's match will mark NBA’s first game played in a Chinese territory since 2019 as millions of fans await the return of one of the most beloved sports leagues to mainland, Alisha Rahaman Sarkar reports

Benzinga

Cisco Takes On Broadcom With Its Most Powerful Router Yet

Cisco (NASDAQ:CSCO) launched the Cisco 8223 on Wednesday, calling it the industry’s most powerful fixed Ethernet router, built to meet soaring demand from artificial intelligence workloads.

Benzinga

Alibaba Launches Robotics Team to Turn AI Models Into Real-World Machines

Alibaba Group (NYSE:BABA) has launched an in-house robotics team, marking its entry into the competitive race for AI-powered physical products.

Benzinga

Cathie Wood Unloads This Rocket Stock, Pours $7M Into DoorDash—But Won't Stop Buying This Chinese Giant

On Monday, Cathie Wood-led Ark Invest made significant trades, notably increasing its stake in DoorDash Inc. (NASDAQ:DASH), Alibaba Group Holding Ltd. (NYSE:BABA) , while reducing its position in Brera Holdings PLC (NASDAQ:BREA) and Rocket Lab Corp. (NASDAQ:RKLB).

Barchart

The Next 7 Days Could Be Key for Alibaba Stock. Here's Why.

The next few days could make or break BABA stock as China's holiday season leads to a boom in AI usage.

Barchart

Wall Street Can’t Get Enough of Alibaba Stock. Should You Buy BABA Here?

Alibaba’s AI bets and global expansion excite investors, though heavy spending clouds its near-term profitability.

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