Chinese tech companies like Alibaba and ByteDance are training AI models in Southeast Asia to access Nvidia chips, circumventing US export controls while remaining legally compliant.
Pentagon recommends adding Alibaba, Baidu, BYD and 5 other Chinese tech firms to military companies list, raising concerns for US investors despite recent Trump-Xi trade agreement.
Alibaba reports 5% revenue growth to $35B, driven by AI development and quick commerce expansion. Cloud revenue up 34% as China tech giant doubles down on artificial intelligence investments.
Alibaba's (BABA) Qwen AI assistant reaches 10 million downloads within a week of launch, competing with ChatGPT in China's growing consumer AI market.
PDD Holdings (PDD) reports 9% revenue growth and beats profit forecasts, but shares fall as company cautions about fierce competition and regulatory challenges affecting its China and Temu businesses.
Alibaba, JD.com, and Douyin see record-breaking Singles’ Day sales as AI helps brands grow amid a slow economy.
