Alibaba Group Holding

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Hong Kong stocks on track for weekly gain after US indexes refresh record highs

Hong Kong stocks rose on Friday, mirroring Wall Street’s rally that was fuelled by strong US consumer data and earnings…

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New Business

Meituan executive bemoans ‘irrational’ instant-commerce price war with Alibaba, JD.com

A Meituan executive said the company had no choice but to join the latest round of what he called “irrational…

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New Business

Kuok Hui Kwong, daughter of Malaysia’s richest man, to lead hotel group Shangri-La Asia

Kuok Hui Kwong, daughter of Malaysia’s richest man, Robert Kuok Hock-nien, has been named CEO of luxury hotel group Shangri-La…

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Hong Kong stocks power up on Nvidia resuming chip sales to China

Hong Kong stocks rose for a fifth straight day amid signs of easing US-China tensions after Nvidia said it would…

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Alibaba to roll out ‘Super Saturdays’ event as China’s on-demand delivery market heats up

Alibaba Group Holding will roll out a programme called “Super Saturdays” over the next 100 days to lure more consumers…

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Manus AI lays off China staff, scrubs social media, shelves mainland service

The company behind the general-purpose artificial intelligence (AI) agent Manus laid off most of its staff in Beijing last week,…

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Hong Kong stocks pare gains after China’s second-quarter growth exceeds expectations

Hong Kong stocks rose on Tuesday after China’s second-quarter economic growth came in above expectations. The Hang Seng Index pared…

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New Business

OpenAI delays its first open-source AI model challenging DeepSeek

Sam Altman, founder and CEO of ChatGPT owner OpenAI, said the release of its open-source artificial intelligence (AI) model would…

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New Business

Meituan’s daily orders hit record 150 million amid heated battle with JD.com and Alibaba

Meituan, mainland China’s top on-demand delivery giant, said on Sunday that daily orders on its platform have surged to another…

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New Business

Chinese unicorn Moonshot launches AI model Kimi K2 in red-hot open-source market

Chinese start-up Moonshot AI has released a new open-source artificial intelligence (AI) model, called Kimi K2, that is touted to…

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