Alibaba shares jump 19% on cloud unit growth, report of new AI chip
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Thursday, Feb. 6, 2025. Qilai Shen…
Alibaba is developing a new AI chip — here’s what we know so far
Key Points The chip is specifically for inferencing rather than training but Alibaba will still use semiconductors from…
Stock market today: Live updates
Traders work at the New York Stock Exchange on Aug. 29, 2025. NYSE Stocks fell on Friday as…
SoftBank founder Son makes his biggest bet by staking the future on AI
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in…
South Korea to launch national AI model in race with U.S. and China
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms…
Chinese firms are waging price wars. The consumer isn’t always winning
A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty…
Is China going through a consumption revival? 618 festival suggests so
Chinese e-commerce giant Alibaba’s Taobao and Tmall reported strong sales in categories eligible for government subsidies. Serene Lee…
Tencent bets on WeChat empire to get ahead in China AI race
China has not released specific regulation around non-fungible tokens. But technology platforms like Tencent’s WeChat are taking a…
Here are the 3 things we’re watching in the stock market in the week ahead
Trade deal progress dominated last week’s stock market and promises to be influential in the week ahead. In…
A tech boom is underway
Visitors attend a major auto show in Shanghai on April 25, 2025. Hector Retamal | Afp | Getty…