Chinese tech giants Tencent, Alibaba, and ByteDance have ramped up orders for Nvidia's H20 AI chips, driven by the rising adoption of DeepSeek's cost-efficient AI models, reinforcing Nvidia's dominance in China despite U.
· 15h · on MSN
Alibaba Stock Falls. Why a $52 Billion AI Spending Pledge Is Rattling Investors.
Alibaba’s stock falls on expensive AI-investment pledge
Alibaba Group Holding Ltd.’s U.S.-listed stock fell more than 10% on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud computing and artificial-intelligence infrastructure.
Alibaba Stock Falls After China Tech Giant Pledges $52 Billion AI Spending Push
Alibaba Cloud Revenue Accelerates. The big spending plans comes as investors are scrutinizing costs related to AI, particularly after China startup DeepSeek launched a powerful AI
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain consumer sentiment and decelerating economic
Chinese stocks reacted favorably after China's President Xi Jinping held meetings with Chinese tech and start-up leaders in a move indicating a more friendly approach to the sector. The meeting included Alibaba co-founder Jack Ma and DeepSeek founder Liang Wenfeng.
Alibaba, Futu, and Tencent all have strong potential. However, due to economic struggles and the Chinese government's influence, they are likely to be more volatile, so investors need to be aware of this and have the stomach to weather more erratic moves.
Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. BABAF BABA jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and ...
Alibaba Group Holding's Q3 earnings beat expectations, and its AI and cloud investments position it well for long-term gains. Click to read why BABA is a Buy.
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Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown.
Shares in Chinese tech group Alibaba (BABA) climbed nearly 4% in pre-market trading today on hopes that President Xi is ready to support
China's President Xi Jinping met with private sector business leaders Feb. 17, offering them assurances that policies regarding the private sector would not change, state media reported, as
Ant Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field.
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