Shares of the China-based technology conglomerate Alibaba Group (BABA 4.22%) were gaining ground on Monday after the Chinese government said yesterday that it would implement a plan to boost consumer spending in the country.
After a years-long wait, Michael Burry's massive bet on a selection of Chinese technology companies is paying off big in 2025.
CNBC's Deirdre Bosa reports on news regarding Alilbaba and Apple.
Alibaba unveiled a new version of its AI assistant called Quark, which will compete with Baidu and DeepSeek. The post Alibaba Launches Updated Artificial Intelligence Agent As Chinese AI Competition Heats Up appeared first on Investor's Business Daily.
Apple hopes that Alibaba's artificial intelligence will soon be powering its iPhones in China.
Alibaba Group on Thursday launched a new version of its artificial intelligence assistant app that will be powered by its own flagship Qwen AI reasoning model, amid a heating global race to produce next-generation tech. The launch is the company's latest effort to gain an edge amid growing competition on the AI application front, further intensified by the emergence of DeepSeek's blockbuster R1 model model earlier this year.
With the market pulling back, it's time to go bargain-hunting and find some cheap stocks. It's a good reminder that markets will go up and down, but stocks tend to outperform over the long run.
Chinese President Xi Jinping's meeting with entrepreneurs last month gave businesses confidence to make investments, Chairman of Alibaba Group Joe Tsai said at CNBC's CONVERGE LIVE in Singapore.
China's Minister of Commerce on Tuesday stated at the Third Session of the 14th National People's Congress that consumption remains the primary driver of economic growth. Service consumption has maintained positive momentum, emerging as a new growth engine in overall consumption.
Alibaba's Chairman Joe Tsai discusses the impact of tariffs on the company's ability to get U.S.-made goods to Chinese consumers.
Chinese President Xi Jinping's meeting with entrepreneurs last month gave businesses confidence to make investments, Chairman of Alibaba Group Joe Tsai told CNBC in Singapore on Wednesday.
Artificial intelligence may eliminate the need for research analyststec, Alibaba's Chairman Joe Tsai said Wednesday at CNBC's CONVERGE LIVE event in Singapore. But humans will be needed to "apply their judgment and make better recommendations," he said during CNBC's two-day live event at Jewel Changi Airport.