$9988-HK News

Last published 7mo ago

7mo ago700-HK BABA 9988-HKAlibaba just revealed it’s behind a viral AI video model dominating leaderboardsCNBCA mysterious AI video model that has ascended global leaderboards has been confirmed as a project under Alibaba.
7mo agoBABA NVDA 9988-HK AAPLHuawei's cloud computing revenue dropped in 2025 as Chinese AI lagged U.S. rivalsCNBCWhen including internal customers, the telecommunications giant said cloud computing revenue grew from a year ago.
7mo agoBABA 9988-HK NVDA ARMAlibaba reveals new AI chip designed for 'agents'CNBCWhile much of the attention has focused on GPUs, an area Nvidia dominates, CPUs are seen as key for AI inferencing and agents.
7mo agoBABA 9988-HKAlibaba workforce shrinks 34% in 2025 as Chinese tech giant doubles down on AICNBCAlibaba cut its staff by roughly 34% over the course of 2025, as the company disposed of peripheral holdings to focus on its AI business.
7mo ago9988-HKAlibaba revenue misses estimates in December quarter as net income drops 66%CNBCThe tech giant is one of several Chinese AI firms that have been rushing to catch up to U.S. companies in the AI race.
8mo agoBABA MSFT 9988-HK GOOGL+2The Tech Download: Will China win the AI race?CNBCTech leaders are increasingly paying attention to AI developments in the country.
8mo ago9988-HKAlibaba unveils Qwen3.5 as China’s chatbot race shifts to AI agentsCNBCAlibaba Group has released its newest AI model series, featuring new agentic capabilities, as competition in China's AI space ramps up.
9mo ago1024-HK 9988-HK NVDA GOOGL+2It's been a big — but rocky — week for AI models from China. Here's what's happenedCNBCNew AI models launched by China's biggest players underscore how the country's companies are keeping up with the U.S.
9mo agoBABA 9988-HK BIDUChina's Baidu adds OpenClaw AI into search app for 700 million users ahead of Lunar New YearCNBCChinese search engine operator Baidu plans Friday to start letting smartphone app users to directly tell OpenClaw AI to perform tasks.
9mo agoTSLA NVDA BABA 9988-HKChina's Alibaba launches AI model to power robots as tech giants talk up 'physical AI'CNBCNvidia and Google are among a handful of major tech giants developing models for robotics and so-called "phyiscal AI."
9mo agoCSCO PANW 9988-HK 700-HKFrom Clawdbot to Moltbot to OpenClaw: Meet the AI agent driving buzz and fear globallyCNBCOpenClaw, formerly known as Clawdbot and Moltbot, has generated massive buzz from Silicon Valley to Beijing due to its impressive capabilities, but also its quirks and risks.
9mo ago700-HK 9888-HK BIDU BABA+1One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new modelsCNBCChinese companies are releasing new AI models and striving to gain an edge in the AI application race as the country's biggest holiday of the year nears.
9mo ago700-HK BABA 9988-HK NVDATrump wants Nvidia to sell powerful AI chips to Beijing. Washington’s China hawks are pushing backCNBCU.S. President Donald Trump's plan to approve Nvidia to ship some of its more powerful AI chips to China is ruffling the feathers of Washington's China hawks.
9mo ago700-HK TME GOOGL AMZN+2Chinese tech giants enter the 'agentic commerce' race as AI reshapes super appsCNBCChina's tech giants are jostling to gain an edge in the AI race, as firms seek to develop models capable of coordinating and performing functions across sites.
10mo agoGOOG GOOGL NVDA BABA+1China just 'months' behind U.S. AI models, Google DeepMind CEO saysCNBCChina's artificial intelligence models may be just "months" behind U.S. and Western capabilities, Demis Hassabis, the CEO of Google DeepMind told CNBC.
10mo agoundefined 9988-HK 700-HKMiniMax surges in Hong Kong debut, marking yet another Chinese AI listingCNBCShares of MiniMax surged in their first day of trading in Hong Kong, in what represents the second major Chinese LLM company to go public.
11mo ago.STOXX .SPX .DJI .IXIC+3CNBC Daily Open: A rough and historically atypical November for U.S. stocksCNBCWith approximately just 3 hours of trading left for the month, major U.S. indexes are looking to end November in the red, based on CNBC calculations.
11mo agoBABA 9988-HK METAAlibaba's AI glasses to rival Meta go on sale for $500CNBCAlibaba, like other tech giants such as Meta, are betting that smart glasses could be the next big consumer device after the smartphone.
11mo agoBABA 9988-HKAlibaba shares rise as AI drives 34% cloud sales jumpCNBCAlibaba reported a 34% year-on-year rise in cloud computing revenue to 39.8 billion yuan.
11mo ago9988-HK BABA AMZNHow Alibaba overcame Beijing's crackdown to become an AI giantCNBCThe Alibaba empire was once under intense scrutiny from Beijing and competition from rivals. Now a big AI bet is helping it stage a revival.
1y agoBABA 9988-HK 1810-HKAlibaba prices AI glasses at $660 to rival Meta and launches ChatGPT challengerCNBCThe Quark AI glasses and chatbot product highlight an increasing area of focus for Alibaba — AI that is aimed at consumers.
1y ago9988-HKAlibaba shares rise over 6% after CEO unveils plans to boost AI spendingCNBCAlibaba shares surged to their highest point since 2021 after it announced plans to boost spending on artificial intelligence and unveiled new AI products.
1y ago9988-HK BABAAlibaba's shares jump after it lands a major customer for its AI chipsCNBCChina Unicom will deploy Alibaba's AI chips via the e-commerce giant's cloud computing unit, according to state media CCTV.
1y ago9988-HK BABAAlibaba shares jump 19% on cloud unit acceleration, report of new AI chipCNBCAlibaba's Hong Kong-listed shares jumped 19% on strong results at its cloud computing division driven by its AI investments.
1y agoBABA 9988-HKAlibaba's key cloud unit sales shine even as quarterly revenues missCNBCAlibaba posted a a revenue miss in the June quarter even as it showed an acceleration at its cloud computing unit.
1y ago9984.T-JP INTC 6857.T-JP 6723.T-JP+8SoftBank Group shares plunge over 9% as Asian tech stocks declineCNBCLosses were also seen in other technology stocks in South Korea, Taiwan and Hong Kong.
4y agoBABA BIDU 9988-HK 700-HK+6Alibaba, Tencent shares plummet 11% alongside China tech stocks as Xi tightens grip on powerCNBCInvestors fear Chinese President Xi Jinping's tightened grip on power will lead to continued strict policies on the tech sector.
4y ago700-HK 1024-HK 9988-HKAs gaming sales slump, China's Tencent signals a hot ad trend it's betting onCNBCTencent said advertising in its nascent short video platform could become a "substantial" revenue source as other areas of its business face pressure.
4y ago9988-HK BABAAlibaba says will work to keep trading in U.S., Hong Kong after being added to SEC delisting risk listCNBCThe statement came after Alibaba was added to the SEC's list of Chinese companies at risk of being delisted for not meeting auditing requirements on Friday.
4y ago9988-HKAlibaba pops 6% after announcing plans for a dual primary listing in Hong KongCNBCThe Chinese tech giant's shares are already traded on both U.S. and Hong Kong exchanges, but the listing in Hong Kong is a secondary one.
4y agoBIDU BABA 9988-HK 9888-HK+3Tencent wants to be foreign automakers' go-to company for tech in China's electric car marketCNBCChinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China's EV market.
5y agoDIDI 700-HK 9988-HKDidi removed from China's WeChat and Alipay apps for new users in another big blowCNBCThe main Didi service has been removed as a shortcut from Tencent's WeChat and searching for the app no longer yields any results.
5y agoYMM DIDI BZ 9988-HK+1China steps up supervision of overseas-listed firms after Didi IPO dramaCNBCChina will step up supervision of Chinese firms listed offshore, its cabinet said on Tuesday, days after Beijing launched an investigation into Didi Global.
5y agoWB 9988-HK TRMNFWeibo chairman, state firm plan to take China's Twitter privateCNBCThe deal would value the Twitter-like firm at at least $20 billion and facilitate major shareholder Alibaba Group's exit, two sources said.
5y agoBZ YMM 700-HK 3690-HK+2After crackdown on Didi, China opens cybersecurity probes into 3 more tech firmsCNBCChinese regulators have opened a cybersecurity review into companies under the New York-listed Full Truck Alliance and Boss Zhipin.
5y agoAAPL TDC AMZN 9988-HKCNBC’s Halftime Report traders answer your questions on Apple, Amazon and TeradataCNBCThe contributors answered questions from CNBC Pro subscribers, including whether Amazon or Alibaba is more likely to break out.
5y agoUBER 700-HK 3AG1-FFsoftbank DIDIdidi+13Blockbuster IPO day produces big gains for Uber, Delta Airlines and tech VCsCNBCWith Didi, SentinelOne, CLEAR and LegalZoom debuting on Wednesday, strategic investors, venture capitalists and private equity firms shared in the wealth.
5y agoMF undefined 700-HK 9988-HK+2Investors show no appetite for Chinese online grocery firms that just listed in the U.S.CNBCInvestors are concerned about cut-throat competition in China and whether Missfresh and Dingdong can ever become profitable.
5y agoRTP 9888-HK 9988-HK 9618-HK+4Cramer's lightning round: Buy the stock of CloroxCNBC"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
5y agoZ921-CN .IMOEX VOW3-DE FDX+7Chinese companies sign up for Euro 2020 soccer sponsorships in a bid to go globalCNBCBehind soccer players at this year's Euro 2020 championship, ads roll for a number of Chinese sponsors, including Alibaba-affiliate Alipay.
5y ago9988-HK 700-HKChinese ridesharing giant Didi aims for $60 billion valuation in IPOCNBCChinese ride-hailing giant Didi plans to list the equivalent of 72 million shares of Class A common stock on the New York Stock Exchange under ticker DIDI.
5y agoL87A-FF NIO TSLA XPEV+2Chinese Tesla rival Xpeng Motors to raise up to $2 billion in Hong Kong listingCNBCXpeng Motors will raise money to compete in China's increasingly crowded electric car market against the likes of Tesla and Nio.
5y agoNAUKRI-IN 9988-HKTop Zomato shareholder won't sell all its stake in Indian start-up's upcoming IPOCNBCIndian food delivery start-up Zomato in April filed for an IPO of up to 82.5 billion rupees ($1.1 billion).
5y agoBTC.CM 1398-SZ 1288-SZ 9988-HKChina's central bank urges Alipay and banks to crack down on crypto speculationCNBCThe People's Bank of China said it summoned payments firm Alipay and several major lenders to tell them they must not provide crypto-related services.
5y ago9988-HKAlibaba co-founder, Nets owner Joe Tsai says Asians 'scapegoated' in times of turmoil in U.S.CNBC"If there's a crisis — if there's a pandemic, if there's a war or if there's an economic downturn — Asian Americans get scapegoated," Joe Tsai told CNBC.
5y ago9988-HKBillionaire Alibaba founder Jack Ma spending his time on philanthropy and hobbies like paintingCNBCAlibaba founder Jack Ma is still lying low, focusing his efforts on his hobbies and philanthropy, according to a company executive.
5y ago9888-HK 9988-HK 700-HK SEGrab and GoTo IPOs could spawn more Southeast Asian startups, says venture capital firmCNBCThe public listings of two Southeast Asia tech giants will likely pave the way for more high-growth businesses from the region, said 500 Startups.
5y agoGOOGL AMZN MSFT 700-HK+1Alibaba expands cloud products with livestream shopping in its battle against AmazonCNBCAlibaba trails Amazon and Microsoft in the global cloud computing market and hopes new products such as livestreaming e-commerce can help it stand out.
5y ago9988-HKJack Ma's Ant Group gets nod to operate consumer finance firm, a key step in fixing regulatory issuesCNBCAnt Group will hold a 50% stake in the new entity with six other shareholders having the remaining 50%.
5y agoNOVA 9988-HK BHP-AU VIRT+2Cramer's lightning round: Alibaba and Virtu Financial are buysCNBC"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.