Alibaba Launches "China’s Most Powerful AI Chip" and Massive Data-Center Expansion
Alibaba launched the Zhenwu V900, called China’s strongest AI chip, plus 5–10 trillion parameter Qwen models and a 20GW data-center goal by 2032.
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Alibaba Shares Plunge After $10.2 Billion AI Fundraising at Steep Discount
Michael Burry sold his Alibaba stake for a large JD.com position, saying the stock must fall 50% and rejecting share issuances after the $10.2B AI raise.
Alibaba’s June Quarter: Strong Cloud Growth, Weak Profits, and Surging Capex
Alibaba reports 9% revenue growth to RMB269B. AI Cloud accelerates 45%, but heavy tech investments and e-commerce softness drive sharp profit declines.
Alibaba Sells Lingxi Games to Trustar Capital in Deal Worth Over $2 Billion
Alibaba is selling gaming unit Lingxi Games to Trustar Capital in a deal worth more than $2 billion to focus on AI and cloud computing.
Alibaba Unveils Qwen3.8-Max: Its Most Powerful AI Model Yet as Shares Rally
Shares rise as it rivals Anthropic’s Fable 5.
Alibaba’s Qwen 3.8 Max Challenges AI Frontier as Chinese Models Surge
Alibaba’s new 2.4T-parameter Qwen 3.8 Max claims second place behind Anthropic’s Fable 5. Shares surged as China’s AI race intensifies with Moonshot’s Kimi K3.