Alibaba Group Holding

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Former ByteDance executive takes helm at Baidu-backed Shengshu amid generative AI boom

A former ByteDance executive has joined Shengshu AI as CEO, marking a significant hire by one of China’s leading artificial…

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Hong Kong stocks slip with Asian markets, Nasdaq on heightened recession risks

Hong Kong stocks slid for a third straight day, tracking losses in major Asian markets, amid concerns rising tensions in…

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As stablecoins grow, Hong Kong’s US dollar peg seen as advantage despite Web3 challenges

The growing strength of stablecoins as a bridge between Web3 and traditional finance could give an edge to markets like…

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NetEase to shut down public cloud service as AI boom intensifies competition

Chinese internet and video-gaming giant NetEase is shutting down one of its public cloud computing services amid intense competition in…

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Alibaba touts AI model as better than DeepSeek, OpenAI products, driving stock surge

Following the launch of its QwQ-32B model, Alibaba’s Hong Kong-listed shares surged 7.2 per cent to HK$139.30 in Thursday morning…

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AI-led boom of Chinese stocks revives refinancing activities in Hong Kong

The artificial intelligence (AI) boom that propelled Chinese technology stocks higher has also galvanised refinancing activities in Hong Kong, as…

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China’s ‘Fantastic Four’: the new breed of entrepreneurs reshaping the global tech landscape

A new generation of Chinese entrepreneurs, represented by a group of start-up founders known as the “Fantastic Four”, are reshaping…

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Alibaba’s research arm launches new RISC-V processor for high-performance computing

Damo Academy, Alibaba Group Holding’s research arm, has launched its first server-grade central processing unit (CPU), marking a significant step…

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China’s robotics star Unitree warns of scams as investors seek a way in

Unitree Robotics, one of the hottest start-ups in China, issued a warning about scams that aimed to exploit growing interest…

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Hong Kong stocks fluctuate in volatile trading as tech-driven rally calms down

Hong Kong stocks swung between gains and losses on Thursday, as volatility increased after a tech-driven rally sent key benchmarks…

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