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The Latest Breaking News from Alibaba

Alibaba now has a ChatGPT rival for its cloud customers to use

Alibaba has announced a new LLM that it hopes to integrate within its numerous services for cloud customers and beyond.

TechRadar

China releases new AI rules as tech giant Alibaba unveils ChatGPT rival

Alibaba working on ChatGPT rival Tongyi Qianwen, which it plans to integrate across its services

The Independent UK

Chinese version of ChatGPT incoming as Alibaba announces AI rival

Alibaba, one of the largest tech companies in the world, has announced its own ChatGPT style AI called Tongyi Qianwen

Tom’s Guide

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SenseTime, Alibaba announce China ChatGPT competitors

SenseTime and Alibaba both announced new A.I. services in an effort to catch up to OpenAI's offerings.

Fortune

Dow Jones Futures: Market Rally Responds To Jobs Report, Tesla Price Cuts

The March jobs report was in line. Tesla cut U.S. EV prices after TSLA stock tumbled this week. U.S. markets are closed.

Investors Business Daily

Dow Futures: Market Rally Rebounds Into Jobs Report; Google, Alibaba Flash Buy Signals

The March jobs report looms Friday, but U.S. markets will be closed. The market rally bounced Thursday to cap a mixed week. Google and Alibaba flashed buy signals.

Investors Business Daily

China’s tech old guard make way for young blood in AI, crypto era

Beijing is seeking to assure tech sector that crackdown has passed amid questions about direction of regulatory policy.

Al Jazeera

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Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

Bangkok Post

Asian shares gain as bank worries ease

RECAP: Asian stock markets advanced yesterday as investors' focus shifted from worries about the global banking system. That followed a revival on Wall Street, where rate-sensitive property and technology stocks led gains on Thursday.

Bangkok Post

China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Financial Times

Stock Market Rallies On Micron, Alibaba, Lululemon, Ebbing Bank Fears: Weekly Review

The stock market rally staged a follow-through day on Wednesday, confirming the rally. Banking fears waned, while earnings and other corporate news were positive and inflation cooled.

Investors Business Daily

Opinion: Significance of Jack Ma’s Reappearance Should Not be Underestimated

Alibaba co-founder’s well-publicized visit to a local school signals a shift in China’s treatment of big tech

Caixin Global

Weekly Must-Read: Alibaba Splits Into Six Business Units in Biggest Overhaul

The $220 billion e-commerce colossus will become a holding company and grant management and financing independence to the new enterprises

Caixin Global

Chip Stocks Lead Market Rally; Nasdaq 100 Hits 2023 High While China Stocks Shine

Chip stocks led Thursday, lifting the semiconductor index more than 3% for the week.

Investors Business Daily

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Asharq Al-Awsat

Alibaba Considers Yielding Control of Some Businesses in Overhaul

Alibaba Group said on Thursday it will look to monetize non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company's breakup into separate businesses will allow…

The Independent UK

China e-commerce giant Alibaba outlines future strategy

The CEO of Chinese e-commerce and financial giant Alibaba says the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to unlock the value of its sprawling businesses

Investors Business Daily

Stock Screener Flags Baidu As China Search Engine Rolls Out AI Chat Bot

Baidu stock was selected from this IBD stock screener and is nearing a buy point. The leader's stock gained over 37% this year so far and outpaced the Nasdaq composite.

Barchart

Markets Today: Stock Indexes Climb as Tech Strength Buoys Sentiment

Morning Markets March S&P 500 futures (ESM2 3) this morning are up +0.79%, and March Nasdaq 100 E-Mini futures (NQM2 3) are up +0.82%. U.S. stock index futures this morning are moderately higher. Technology stocks are climbing in pre-market trading to lead stock index futures higher after Micron Technology forecasted...

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Barchart

Stocks Climb Before the Open as Banking Worries Subside, Alibaba Boosts Sentiment

June S&P 500 futures (ESM23) are up +0.91%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.93% this morning after three major U.S. benchmark indices finished the regular session lower, while U.S. Treasury yields climbed as market participants mulled the likely Fed’s interest rate trajectory amid easing bank jitters.

Investors Business Daily

Dow Jones Dips As Alibaba Flies; 3 New Cathie Wood Buys Trade Mixed; Micron Earnings Miss

The Dow Jones fell as Alibaba soared. Three stocks, including Coinbase, struggled despite Cathie Wood buying shares. Micron earnings missed.

France 24

French prosecutors raid banks in tax fraud case

Five of France's biggest banks are facing scrutiny in an ongoing investigation into possible tax fraud. BNP Paribas and Société Générale were among the lenders whose Paris offices have been raided by French prosecutors. They're accused of helping facilitate tax avoidance related to dividend payments. Also in the show -…

Barchart

Alibaba Split Boosts Optimism in Chinese Tech Stocks

Today’s announcement by Alibaba Group Holding (BABA ) that it will split its $220 billion business into six main units encompassing e-commerce, media, and the cloud is another factor that may extend the recent rally in Chinese technology stocks. In addition, mostly better-than-expected earnings results from China’s mega-cap technology stocks...

Investors Business Daily

Alibaba Stock Soars As Company Launches Massive Reorganization, Splits Into Six Units

In a groundbreaking move, Alibaba will split into six different companies that will operate independently and are free to raise funds.

Investors Business Daily

Dow Jones Reverses After Key Economic Data; Warren Buffett Stock Jumps On Upgrade

The Dow Jones reversed higher Tuesday amid key economic data. Warren Buffett stock Occidental Petroleum jumped on an analyst upgrade.

The Street

Alibaba to Split in 6 and Seek Possible IPOs; Stock Surges

'At 24 years of age, Alibaba is welcoming a new opportunity for growth,' Daniel Zhang, CEO of the e-commerce giant, says.

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