Alibaba

Alibaba Shares Rise By Over 7% After Launch Of DeepSeek competitor

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Beijing, China: Alibaba shares surged more than seven percent in Hong Kong trade on Thursday after the Chinese tech giant launched an artificial intelligence model it says can compete with DeepSeek, this year’s surprise tech star. Investors have been riding high on China’s AI capabilities since January, when DeepSeek unveiled a state-of-the-art chatbot seemingly at … Read more

China’s Tech Giant Alibaba To Invest $50 Billion In AI, Cloud Computing

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Beijing, China: Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Investors have piled into Chinese technology stocks since the start of the year, with Alibaba — which … Read more