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…
By Selena Li and Kane Wu HONG KONG (Reuters) -Alibaba Group Chairman Joe Tsai said on Tuesday there were clear signs China’s business entrepreneurs were more confident following a meeting with President Xi Jinping and that his company would re-commence hiring. “I think we have seen a very clear sign of businesses entrepreneurs becoming more…
(Bloomberg) — Donald Trump’s push to restrict US investments in China is testing what in theory should be an ironclad financial relationship — the tight link between Chinese shares trading in New York and Hong Kong. Most Read from Bloomberg Alibaba Group Holding Ltd.’s US shares traded at an average 2.1% discount to those in…
By Che Pan and Brenda Goh BEIJING (Reuters) – The Hong Kong-listed shares of Alibaba Group surged more than 8% on Thursday following the release of a new reasoning model that the company said was on par with global hit DeepSeek’s R1. Qwen, the e-commerce leader’s artificial intelligence unit, said on X that its QwQ-32B,…
Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine. The talks, which excluded Europe and Ukraine, ended with Moscow and Washington agreeing to appoint teams to negotiate an end to the Ukraine war. “Donald Trump continues to be the dominant force…
Beijing is repositioning the private sector as the cornerstone of China’s global competitiveness and technological edge in the face of growing geopolitical and economic headwinds, according to analysts’ assessments following President Xi Jinping’s meeting with prominent entrepreneurs. Observers also emphasised the importance of more stimulus and policy reforms to get the ball rolling. The first…
Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China’s top business leaders fanned hopes that a long-running crackdown on the private sector is coming to an end. The Hang Seng Index’s gains extended an impressive start to the year, with the emergence of…
When President Xi Jinping brought together China’s most prominent entrepreneurs for a high-profile symposium, markets and industry observers the world over were watching. News of the symposium had garnered a great deal of attention, as such a meeting had not taken place since late 2018. In the years after that gathering, a series of seismic…
News of Chinese President Xi Jinping‘s potential meeting with Alibaba co-founder Jack Ma has further buoyed the country’s soaring tech stocks and is expected to be the next catayst, according to a report by Bloomberg. The publication cited sources saying that Ma is on the list of prominent entrepreneurs invited to meet China’s top leaders….
Walmart, Occidental, Alibaba, Newmont, Booking, and More Stocks to Watch This Week U.S. stock and bond markets will be closed on Monday for Presidents Day. Then, earnings from Occidental Petroleum, Analog Devices, Alibaba, Booking, Newmont, and Walmart. Source link