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Alibaba's shares jump after it lands a major customer for its AI chips

cnbc.com Arjun Kharpal 2025-09-21 09:08:51

Alibaba shares rose on Wednesday after Chinese state media reported that the e-commerce giant secured a major customer for its artificial intelligence chips. China Unicom will deploy Alibaba's AI accelerators from its semiconductor unit called Pingtouge or T-Head, according to a report from China state broadcaster CCTV. Alibaba does not sell chips directly, but companies can effectively use the computing power based on those semiconductors by buying Alibaba cloud services. A person familiar wi

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Alibaba shares surge as AI boom drives cloud unit sales

cnbc.com Arjun Kharpal 2025-10-18 19:30:42

Alibaba posted a better-than-expected bottom line in the June quarter on Friday, fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business, sending shares higher. Still, the Chinese giant's revenues came in under analyst forecasts. U.S.-listed shares of the Chinese giant had gained nearly 13% on Friday after the company announced results. On Monday, Alibaba's Hong Kong-listed shares surged more than 19% before paring some gains. Here's how Al

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Alibaba shares jump 19% on cloud unit acceleration, report of new AI chip

cnbc.com Arjun Kharpal 2025-10-18 19:42:18

Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Thursday, Feb. 6, 2025. Alibaba 's Hong Kong listed shares surged more than 19% on Monday as the Chinese tech giant's cloud computing unit drove strong quarterly results, while details emerged over its new AI chip development. It's the highest level for the stock since March. Investors have backed the company's improving performance in its key cloud unit and are content with the the tech giant's investment into new a

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Alibaba shares jump 13% as AI drives cloud unit acceleration

cnbc.com Arjun Kharpal 2025-10-19 01:06:24

Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant's revenues came in under analyst forecasts. Alibaba's stock climbed 12.9% in the U.S. after initially dipping. Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates: Revenue: 247.65 billion Chinese yuan ($34.6 billion), versus 252.9 billion yuan expected.

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Alibaba shares jump 10% as AI drives cloud unit acceleration

cnbc.com Arjun Kharpal 2025-10-20 01:15:39

Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant's revenues came in under analyst forecasts. Alibaba's stock climbed 10% in the U.S. after initially dipping. Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates: Revenue: 247.65 billion Chinese yuan ($34.6 billion), versus 252.9 billion yuan expected. N

Topics: alibaba billion commerce year yuan
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Alibaba shares jump 6% in premarket trading as AI drives cloud unit acceleration

cnbc.com Arjun Kharpal 2025-10-20 05:06:07

Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant's revenues came in under analyst forecasts. Alibaba's stock was up more than 6% in premarket trading in the U.S. after initially dipping. Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates: Revenue: 247.65 billion Chinese yuan ($34.6 billion), versus 2

Topics: alibaba billion commerce year yuan
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Alibaba's cloud unit shines even as rivalry heats up in China's 'instant commerce' space

cnbc.com Arjun Kharpal 2025-10-20 18:06:52

Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant's revenues came in under analyst forecasts. Alibaba's stock was up around 4% in premarket trade in the U.S. after initially dipping. Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates: Revenue : 247.65 billion Chinese yuan ($34.6 billion), versus 252.9

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Alibaba says smart car spinoff Banma plans to list shares in Hong Kong

cnbc.com Ari Levy 2025-11-03 14:18:06

Alibaba -backed Banma, a provider of technology for smart cars, is planning to list shares on the Hong Kong Stock Exchange, according to a filing. In a filing dated Aug. 21, Alibaba said it currently owns about 45% of Banma and will continue to control over 30% of the company's stock after the listing. Banma said in a filing that the announcement does not guarantee a listing will take place. Banma, founded in 2015 and based in Shanghai, is "principally engaged in the development of smart cockp

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China’s Newest Pair of Smart Glasses Are Meta’s Biggest Threat Yet

gizmodo.com James Pero 2025-12-18 14:00:08

It’s official: Alibaba is entering the smart glasses game. After rumors that percolated late last week, Alibaba unveiled its official plans to put out frames that look awfully similar to Meta’s Ray-Bans, but with a few key advantages that could help them blow way past U.S. competition. The smart glasses, called Quark AI, are actually a lot more similar to Meta’s Ray-Bans than I expected. For one, they do not feature a display of any kind and instead focus more on here-and-now features like call

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Alibaba to launch AI-powered glasses creating a Chinese rival to Meta

cnbc.com Arjun Kharpal 2025-12-22 11:01:28

Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba's first foray into the smart glasses product category. Alibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm's first foray into the product category. The e-commerce giant said the Quark AI Glasses will be launched in China by the end of 2025 with hardware powered by the firm's Qwen large language model and its

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China’s Smart Glasses Are Once Again Going All the Way Off

gizmodo.com James Pero 2025-12-21 22:00:14

There are officially too many wild pairs of smart glasses coming out of China to keep track of. First, it was Xiaomi with its Ray-Ban-stomping pair of glasses that can record 45 minutes of consecutive video and boast an 8.5-hour battery life. Then, just last week, a company called Wigain announced a breakthrough in making mass-producible smart glasses with optical waveguide lenses. Those, I might add, also feel very Meta-killing. Now, it’s Alibaba’s turn, or it’s about to be if rumors are to be

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Apple Intelligence could be about to launch in China despite US government fears

9to5mac.com Ben Lovejoy 2026-03-10 07:05:35

There are strong indications that Apple Intelligence could be about to launch in China, following its deal with Alibaba to use its Qwen models. A local report says that Alibaba has updated its ChatGPT competitor Qwen3, which has been optimized for the AI framework used on Apple devices … Apple can’t use ChatGPT in China Apple partnered with OpenAI for the launch of Apple Intelligence, with fallback to ChatGPT for anything Apple’s own AI systems can’t handle. However, ChatGPT is banned in Chi

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