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Alibaba Shares Soar Over 6% After CEO Unveils Aggressive AI Expansion Plans

Alibaba Group’s stock jumped more than 6% on Wednesday after CEO Eddie Wu announced ambitious plans to ramp up investment in artificial intelligence and unveiled its most advanced AI model yet. The strong market reaction echoes growing investor confidence in Alibaba’s pivot from pure e-commerce toward becoming an AI powerhouse. At its annual conference, Alibaba […]

Alibaba Shares Surge in Hong Kong After Earnings Beat Estimates

Alibaba Group’s shares soared in Hong Kong trading on February 21, 2025, after the Chinese e-commerce giant reported quarterly earnings that exceeded market expectations. The company’s robust performance was driven by strong growth in its cloud computing and international commerce segments. Alibaba’s revenue for the quarter reached 45.6 billion, surpassing analysts′ estimates of 43.8 billion. Net […]

Apple to Integrate Alibaba’s AI into iPhones in China, Chairman Joe Tsai Confirms

In a groundbreaking move, Apple has announced plans to integrate Alibaba’s advanced artificial intelligence (AI) technology into iPhones sold in China. The collaboration, confirmed by Alibaba Chairman Joe Tsai, marks a significant step in Apple’s efforts to enhance its products for the Chinese market. The integration of Alibaba’s AI will bring localized features to iPhones, […]