Alibaba Group Holding founder Jack Ma delivered a rare speech to the company’s cloud unit on Thursday, laying out his ideas and vision for a responsible and human-oriented artificial intelligence (AI), as the tech giant pivots to become China’s AI enabler. Ma, 60, made a surprise visit to Alibaba Cloud’s campus in Hangzhou on Thursday,…
Washington: The stock market rout triggered by US President Donald Trump’s punishing tariff wars wiped over $10 trillion off major markets across the globe. The financial destruction, historic in scale, was equivalent to just over half of the GDP of the European Union, according to a report by Bloomberg. After Trump announced sweeping tariffs last…
CLN KraneShares Key News Asian equities experienced another deep drawdown, except for Hong Kong, Mainland China, and Thailand, as the Philippines missed the fun due to “Araw ng Kagitingan,” which celebrates the heroism of Filipino and American soldiers in World War II. This morning, China’s government reciprocated the U.S. government’s tariff increase by increasing tariffs…
Ant Digital Technologies, the technology arm of Ant Group, has chosen Hong Kong for its international headquarters in a show of commitment to artificial intelligence (AI) and Web3 technologies, the unit announced on Tuesday. The subsidiary cited Hong Kong’s role as a “bridgehead” for its global strategy. The company plans to establish joint laboratories with…
Misa Zhu Mingming, an engineer who had worked at Alibaba Group Holding, left in 2014 to found his own venture, Rokid. The start-up, which develops smart glasses, was backed by angel investors that included Vision Plus Capital, formed by Eddie Wu Yongming and others before Wu became CEO of Alibaba in 2023. A decade later,…
Chinese travellers will make a beeline for flowers over the long holiday weekend that starts Friday, with overall bookings topping last year’s totals according to industry analysts as many take advantage of deals and government-backed incentives. Many of those seeking getaways for the annual Ching Ming Festival break are booking trips to Japan or the…
Chinese stocks’ world-beating rally faces a reality check after the US slapped a 34 per cent reciprocal tariff on imports from the mainland, casting a shadow on its fragile economic recovery. The levy is in addition to the existing 20 per cent tariff imposed by President Donald Trump shortly after he took office in January,…
Chinese stocks’ world-beating rally faces a reality check after the US slapped a 34 per cent reciprocal tariff on imports from the mainland, casting a shadow on its fragile economic recovery. The levy is in addition to the existing 20 per cent tariff imposed by President Donald Trump shortly after he took office in January,…
CLN KraneShares Key News Asian equities were lower overnight following President Trump’s “Liberation Day” tariff announcements. Vietnam and Japan were hit hard, while Taiwan and Indonesia picked the right day to be closed. Hong Kong, Mainland China, and South Korea were all off, but quite resilient as all markets were down less than -2%. I…
Alibaba Cloud, the cloud computing unit of the Hangzhou-based tech giant, plans to launch its Qwen3 LLM this month, according to people familiar with the matter. Alibaba owns the South China Morning Post. The upgraded model is expected to come in multiple variants, including a standard version and a Qwen3-MoE, which uses a mixture-of-experts architecture,…