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.
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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.
Apple Intelligence Finally Gets Green Light in China, Boosting Upgrade Hopes
Powered by Alibaba’s Qwen model, the AI features — including upgraded Siri — are set to launch this fall with iOS 27 for Chinese users.