![Ant to Buy Back Shares at 70% Lower Valuation Than at IPO](/i/c/ced2cdc2-33cb-7954-33f7-ed820b1ef840.webp)
Ant to Buy Back Shares at 70% Lower Valuation Than at IPO
Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an
2023-07-08 10:54
![China Ends Probe of Jack Ma-Backed Ant With $984 Million Fine](/i/c/d954bec4-cdb3-a81f-307f-a5a0eac8b3cd.webp)
China Ends Probe of Jack Ma-Backed Ant With $984 Million Fine
Chinese regulators imposed a 7.12 billion yuan ($984 million) fine on Ant Group Co., according to a statement
2023-07-07 20:55
![China's Alibaba unveils AI image generator to take on Midjourney and DALL-E](/i/c/855a198d-a3f3-54c0-5e49-b393733ccf5c.webp)
China's Alibaba unveils AI image generator to take on Midjourney and DALL-E
By Josh Ye HONG KONG Alibaba Group Holdings Ltd announced on Friday an artificial intelligence (AI) image generator,
2023-07-07 15:51
![Alibaba Surges on Report China to Unshackle Ant With Fine](/i/c/dd86b4ef-8db9-aeb8-ea8f-58c8f0605e7b.webp)
Alibaba Surges on Report China to Unshackle Ant With Fine
Alibaba Group Holding Ltd. shares jumped in Hong Kong trading after Reuters reported that China is likely to
2023-07-07 14:56
![US to Curb China Access to Cloud Services Like Amazon, WSJ Says](/i/c/a8e06684-2a31-bb38-3b42-42849249847b.webp)
US to Curb China Access to Cloud Services Like Amazon, WSJ Says
The US is preparing to curtail Chinese companies’ access to cloud computing services including Amazon.com Inc.’s and Microsoft
2023-07-04 13:25
![China’s Economic Woes Are Multiplying — and Xi Jinping Has No Easy Fix](/i/c/d08a29ff-8ca5-66e3-8699-428eb40b7986.webp)
China’s Economic Woes Are Multiplying — and Xi Jinping Has No Easy Fix
It was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back
2023-06-30 14:48
![Meituan Joins AI Race by Buying Co-Founder’s Months-Old Firm](/i/c/40469a01-1366-3391-35ac-cca442cabeb6.webp)
Meituan Joins AI Race by Buying Co-Founder’s Months-Old Firm
Meituan is buying a co-founder’s generative AI startup for almost $234 million, a deal that gets the food-delivery
2023-06-30 08:49
![China's eastern Hangzhou city signs comprehensive strategic agreement with Alibaba](/i/c/d6f8fe0a-9f1f-3d52-7006-efa33f686e41.webp)
China's eastern Hangzhou city signs comprehensive strategic agreement with Alibaba
BEIJING/HONG KONG China's eastern Hangzhou city has signed a comprehensive strategic cooperation agreement with the e-commerce giant Alibaba
2023-06-29 21:49
![China Lures Billionaires Into Race to Catch US in AI](/i/c/4174c316-4e17-5718-1ad1-fc4b296ac9e6.webp)
China Lures Billionaires Into Race to Catch US in AI
China’s tech sector has a new obsession: competing with US titans like Google and Microsoft Corp. in the
2023-06-28 07:18
![Baidu Claims Its Ernie Bot Now Beats ChatGPT on Key Measures](/i/c/afee0f52-fd17-2bb6-40bc-6385eaf524d8.webp)
Baidu Claims Its Ernie Bot Now Beats ChatGPT on Key Measures
Baidu Inc.’s ChatGPT-style service has outperformed OpenAI’s seminal product on several measures, China’s search leader said on Tuesday.
2023-06-27 13:00
![JD.com Creates Groceries Arm as Rival Alibaba Weighs Spinoffs](/i/c/fa19b584-5e96-81f5-732b-29164c2e0f8b.webp)
JD.com Creates Groceries Arm as Rival Alibaba Weighs Spinoffs
JD.com Inc. aims to create an independent unit by merging its 7Fresh supermarket chain with other online services,
2023-06-26 14:23
![Meet Alibaba’s Next Chairman: Joseph Tsai, Brooklyn Nets Owner and Blockchain Investor](/i/c/3f12ea67-1ff7-d7b1-75f0-ca2440756a29.webp)
Meet Alibaba’s Next Chairman: Joseph Tsai, Brooklyn Nets Owner and Blockchain Investor
Alibaba Group Holding Ltd. is bringing back Joseph Tsai, who has become a prominent blockchain proponent and owner
2023-06-21 00:45