“The assertions and innuendos in the article are completely false,” an Alibaba representative said. “We question the motivation behind the anonymous leak, which the FT admits that they cannot verify.” The Alibaba representative called the article a “malicious PR operation” that appears to “undermine President Trump’s recent trade deal with China”. Hangzhou-based Alibaba owns the…
Key News After the market closed overnight, the government released the “Recommendations of the Central Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development”, which covered 15 key focus areas comprising sixty-one sub-areas. For investors, a few key points stood out: Accelerate high-level self-reliance in science and technology, and lead the…
The other day US President Donald Trump said: “With a communist in charge? Look, you just go back a thousand years, it’s been done many times, a thousand years, it’s never worked once.” He was talking about Zohran Mamdani, the leading candidate for New York City’s mayoral election on November 4, who says he is…
China has positioned itself as a responsible major collaborative force in AI development and governance, contrasting with a recently released survey finding that most Americans view US leadership in the field as crucial. Beijing arrived at its assessment this week as China hosted a workshop on AI capacity building, the third of its kind in…
Beijing stole a page from Washington’s playbook last month by effectively instituting its own chip ban, with Chinese companies now discouraged from purchasing Nvidia’s AI chips. The bold, calculated move has surely rattled Trump administration officials, with their assumptions about China needing American technology. Indeed, the move suggests US President Donald Trump has little leverage….
This article first appeared on GuruFocus. Alibaba (BABA, Financials) announced a multi-year partnership with NBA China to develop new artificial intelligence and cloud-based tools designed to enhance live viewing and fan experiences. The deal comes as the NBA returns to China for the first time in six years, with the Brooklyn Netsowned by Alibaba Chairman…
China’s push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will struggle to match the technical might of US powerhouse Nvidia within the current decade. Ramping up its chip industry is a way for Beijing to beat restrictions imposed by Washington on exports of the most advanced chips — used…
The belief that China is a country only good at adopting technologies at scale has been a “misperception”, according to the author of The New Geography of Innovation, a recently published book that maps the rise of new tech powers around the world excluding the US. “The geography of innovation is shifting”, the book, which…
For over a decade, commentators have warned of China’s looming economic decline. Today, the challenges are real: US-China trade frictions, weak household consumption, an overstretched property sector and a shrinking workforce. Making money in China may feel harder than before. Yet to see China solely through the lens of stagnation is to miss the profound…
Alibaba‘s mapping app Amap recorded more than 360 million daily active users on the first day of China’s eight-day National Day holiday on Wednesday, setting an all-time high for the platform, the company said in a statement. Alibaba and rival Meituan have been locked in a bitter battle for market share, with Amap moving away…