Alibaba Group chairman Joe Tsai has challenged the prevailing narrative of US-China artificial intelligence competition, arguing that the race has no definitive winner because success should be measured by adoption speed rather than model superiority. “When it comes to AI, there’s no such thing as winning the race. It’s a long marathon,” Tsai said at…
We recently published Massive Gains: 10 Stocks Investors Can’t Stop Buying. Denison Mines Corp. (NYSEAmerican:DNN) is one of the top performers on Thursday’. Shares of Denison Mines grew by 4 percent on Thursday to close at $2.86 apiece as investors loaded positions amid renewed optimism for the uranium and nuclear industries. During the session, a…
This article first appeared on GuruFocus. Sep 24 Alibaba Group Holding (NYSE:BABA) shares climbed nearly 8% in Hong Kong on Wednesday, touching their highest level in close to four years. The rally came after CEO Eddie Wu said the company plans to expand its artificial intelligence spending beyond the previously announced $53 billion, or 380…
Alibaba Group Holding on Wednesday launched an artificial intelligence-powered ranking feature on its online mapping service Amap, as the tech giant doubles down on AI applications and deepens its rivalry with food delivery leader Meituan. Amap Street Stars, a ranking featured on the app’s homepage, used AI algorithms to rank offline destinations including restaurants, hotels…
After a chastening crackdown that wiped billions off their value and forced top executives out of the public eye, China’s technology giants are back in favour and on the front foot, making deals and snapping up assets. At the top of the pile are Alibaba Group and Tencent , two huge players that used to…
A mainland Chinese bank in Hong Kong is investigating unauthorised transactions on the Faster Payment System (FPS) involving one of its clients, the Post has learned, with experts saying breaches on the widely used platform are uncommon and may involve hacking. A client of the China Construction Bank (Asia) in Hong Kong told the Post…
HONG KONG (Reuters) -Ant Group, an affiliate of China’s e-commerce giant Alibaba Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not…
Pharus Diagnostics, a Li Ka-shing-backed developer of diagnostic tests for cancer powered by artificial intelligence (AI), said it would tap into fundraising channels in Hong Kong. The Taiwan-based start-up aims to complete a round of fundraising and a clinical study on lung cancer by the end of the year, said CEO Philip Huang. “Currently, we…
About 70 shops in Hong Kong have allegedly sold banned oxo-degradable plastic products, including waste bags for pets, according to an environmental charity. The Green Earth said its investigation suggested that plastic bags, bin liners and waste bags for pets labelled as “oxo-degradable” were still being sold by large retail shops and online stores, prompting…
More than $16 billion in orders for Nvidia’s (NVDA, Financials) H20 server chips have been placed by Chinese firms during the first quarter of 2025, according to a report by The Information citing individuals familiar with the matter. The buyers include some of China’s most prominent technology companies: ByteDance, Alibaba Group (BABA, Financials), and Tencent…