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.
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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.
Alibaba Profits Plunge 67% as Revenue Barely Grows — Why Its Massive AI Bet Is More Urgent Than Ever
Alibaba's December quarter 2025 earnings showed revenue up 2% to RMB 284.8 billion, but net income plunged 67%. Cloud revenue jumped 36% with AI-related products delivering triple-digit growth for the 10th consecutive quarter.
Alibaba's Qwen AI Tech Lead Junyang Lin Steps Down Suddenly
Junyang Lin, key architect of Alibaba's leading open-source Qwen AI models, has resigned unexpectedly after the Qwen 3.5 launch. This leadership change raises questions about Alibaba's AI strategy amid multiple senior departures.