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The Latest Breaking News from Alibaba

Nvidia Faces Billions In Revenue Loss As U.S. Bans Chip Exports To China

China's biggest tech firms, including Alibaba and ByteDance, cancel AI chip orders worth $5 billion

Zenger

Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

Fortune

Chinese retailers are already slashing the prices of the iPhone 15 by over $100 amid reports of a sluggish launch for Apple's latest smartphone

Analyst reports are suggesting that Apple's latest iPhone may be struggling in the Chinese market.

Fortune

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New York Liberty owner Clara Wu Tsai gave her team NBA-like amenities

Wu Tsai and her husband Joe Tsai, Alibaba's chair, bought the New York Liberty in 2019.

Fortune

Alibaba (BABA) and NetEase (NTES): Is It Time to Invest in These China Stocks?

China’s faster-than-expected GDP growth in the third quarter and solid consumption and industrial activity last month showed economic recovery gaining traction amid a recent flurry of stimulus measures. So, let’s find out if it is the right time to invest in Chinese stocks Alibaba Group (BABA) and NetEase (NTES). Continue…

StockNews.com

Man tried to buy meth from 'Chinese Amazon', court told

A man told an overseas seller on the Alibaba website that he wanted to "get around customs" by hiding methamphetamine in an order for rust treatment chemicals.

AAP

Alibaba Think Tank Dispels Closure Rumors

Luohan Academy is undergoing a reorganization that will see some of its research operations taken over by its parent

Caixin Global

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Belgian intelligence scrutinising potential security risks of Alibaba warehouse

The Belgian intelligence service has confirmed a report by the Financial Times saying it was looking into potential espionage at the main European logistics centre for Chinese tech giant Alibaba. The warehouse mostly handles goods shipped to European customers from the company's e-commerce site Ali Express. Intelligence officials said the…

France 24

Alibaba’s Belgian hub is being monitored over ‘espionage’ concerns, report says

A representative for Alibaba told Fortune it strongly denied the claims "based on prior conjecture."

Fortune

Softbank’s CEO says you’ll end up like a mindless goldfish if you don’t get on board with AI

“Take advantage of it or be left behind,” warned Masayoshi Son, whose early bet on Alibaba built his reputation as a tech visionary.

Fortune

Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong

Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong

The Independent UK

Solidigm Introduces D7-P5810: 144L SLC NVMe Drive for Write-Intensive Workloads

Solidigm's datacenter SSD offerings have been clearly delineated into different categories - the D3- SATA offerings for legacy servers, the D5- QLC-based offerings (with different models offering different tradeoffs between cost and endurance), and the D7- NVMe drives for the best performance and endurance ratings. The company has been using…

AnandTech

Stocks higher, Tesla surges, Alibaba, UAW strike, $5 billion Twinkies

The Street

Alibaba shares lower as CEO Daniel Zhang opts to leave China tech giant

Daniel Zhang, tabbed to run Alibaba's lucrative cloud division, has abruptly decided to step away from the China-based tech giant.

The Street

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The Independent UK

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle

Al Jazeera

China’s Alibaba sees shares tumble as outgoing CEO quits cloud business

Announcement that Daniel Zhang will not continue to lead cloud business takes markets by surprise.

Investors Business Daily

Alibaba's Daniel Zhang Exits Chinese Internet Giant Entirely

Alibaba Group said former CEO Daniel Zheng has unexpectedly left the Chinese internet giant's cloud unit as well.

StockNews.com

Alibaba Group Holding (BABA): Buy or Sell September 2023?

Alibaba Group Holding's (BABA) business momentum, strategic reorganization, robust financials, and extended partnerships suggest a favorable outlook for sustained growth. So, should you buy or sell BABA this September? Let’s look at its financial metrics to gauge its prospects….

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news in one place.

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Tom’s Hardware

Chinese GPU Companies See AI Opportunities, Despite Nvidia: Report

U.S. restrictions for AI and HPC hardware sales to Chinese entities open doors for People's Republic's GPU developers.

TechRadar

Microsoft is still blocking some of its biggest customers from running Windows apps

Microsoft changed its terms earlier this month to permit its apps on Amazon WorkSpaces - but Google and Alibaba miss out.

Investors Business Daily

Alibaba, JD.com Shares Rise After China Moves To Boost Capital Markets

Shares of Chinese e-commerce leaders Alibaba and JD.com were rising Monday following moves from the government to bolster markets.

Fortune

China just took another step forward in the A.I. arms race, as Alibaba releases a new chatbot

The models can identify images rather than text, for uses like writing photo captions and assisting the blind.

Fortune

What happened to the once-mighty Japan, Inc.?

Japan's Mitsubishi Corporation used to be the world's largest company by revenue. Now it's No. 46.

Investors Business Daily

JD.com Tops Earnings Estimates But Shares Fall Due To China Woes

U.S.-listed shares of JD stock fell by as much as 4.5% in early trading, underlining concerns about consumer spending in China.

Barchart

2 Chinese Stocks to Buy Now, Despite Economic Growth Concerns

While China's economic growth has disappointed in 2023, Alibaba and Xpeng Motors are two attractively priced Chinese stocks worth buying at current levels.

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