China’s Instant Grocery Battle Intensifies as Alibaba Bids $1.5 Billion for Pupu
The move intensifies competition with Meituan in China’s instant grocery delivery market.
/ 29 items
#BABA↓
China E-Commerce Stocks Sink as Beijing Cracks Down on 618 Discount Wars
Beijing targets misleading 618 deals by JD, PDD, Alibaba; stocks fall as regulators curb subsidy wars and unclear discounts.
China Cracks Down on Foreign Brokers: Futu, Tiger & Longbridge Face Penalties
China is cracking down on brokers helping locals invest abroad, restricting accounts to stop illegal money outflows.
Alibaba Q4 Earnings: Cloud & AI Surge 38% as Revenue Misses Estimates
Alibaba grew slightly but missed expectations; profits dropped due to AI investments, while cloud and AI businesses showed strong growth.
Meta Just Launched Muse Spark – Its New AI to Take On ChatGPT
Meta launched Muse Spark, a fast new AI for its apps. It’s free for now, supports chat and shopping, but still trails top AI rivals.
Alibaba Launches Massive AI Data Center Powered by 10,000 Homegrown Chips
Alibaba partners with China Telecom to launch a powerful AI data center using 10,000 homegrown Zhenwu chips, aiming to scale up to 100,000.