Chinese Tech Surge: Alibaba Leads Hang Seng Tech Rally on Accelerating Cloud Growth
Strong Cloud revenue outlook and narrower Taobao losses drove the surge, lifting the Hang Seng Tech Index 5%.
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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.
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.