Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.
The life of Jack Ma, founder of Alibaba. He grew up poor in China and was rejected from multiple jobs before finding success in tech.
Four years after launching a regulatory crackdown that plunged the tech sector into turmoil, China’s President Xi Jinping sat down publicly with Alibaba Group’s co-founder Jack Ma, whose firm bore the brunt of that campaign,
Alibaba’s revenue and profit in December quarter topped estimates, helping the Hang Seng Index log its longest winning run since January 2023.
Hong Kong is betting on the RISC-V open-source chip architecture to drive innovation and secure a position in China's semiconductor landscape amid escalating US chip restrictions. The city, which is planning to host the International Young Scientist Forum on Artificial Intelligence,
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Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.
Cainiao, Alibaba's logistics arm, announced Feb. 27 that Alibaba Group has fully acquired the remaining shares held by Cainiao’s minority shareholders. In
Asian stocks fell after President Donald Trump's move to curb Chinese investments and proceed with tariffs on Canada and Mexico prompted investors to trim risky bets. A decline in US stocks at the end of trading also hurt sentiment.
The Hang Seng Tech Index, which has recently benefited from euphoria over DeepSeek’s artificial intelligence (AI) breakthrough, slipped 0.1 per cent. On the mainland, the CSI 300 Index slid 0.4 per cent and the Shanghai Composite Index retreated 0.1 per cent.
SHANGHAI/HONG KONG -- Hong Kong shares hit their highest in three years on Friday as better-than-expected earnings by e-commerce conglomerate Alibaba Group Holding stoked a rally that has been driven by hopes of a homegrown artificial intelligence boom.
HONG KONG (AP) — HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal third-quarter profit of $6.71 billion. On a per-share basis, the Hong Kong-based company said it had net income of $2.79. Earnings, adjusted for one-time ...
Alibaba releases free AI video model Wan2.1, boosting competition with OpenAI as China pushes open-source tech to drive innovation.
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