Alibaba Group Holding Ltd. shares fell 7% to $121.17 on Friday as investors repriced the cost of its AI infrastructure buildout, despite cloud revenue rising 45% to 48.44 billion yuan ($7.2 billion) i…
Alibaba Group Holding Ltd. reported a 75% drop in net income to RMB 10,444 million ($1.5 billion) for the quarter ending June 30, while revenue rose 9% to RMB 268,953 million ($39.6 billion), as the C…
Billionaire investors Stanley Druckenmiller and David Tepper reshuffled their Chinese technology stock holdings in the second quarter, with Druckenmiller's Duquesne Family Office buying 88,200 Baidu A…
China released draft amendments to its e-commerce law on Saturday, proposing 20 provisions that expand domestic platform regulation and add legal countermeasures to protect Chinese companies like Temu…
China's 618 shopping festival in 2026 hit a record 855.6 billion yuan in GMV, but weak consumer demand persisted as platforms stretched promotional windows. AI integration became central, with Alibaba…
Shares of Chinese e-commerce companies including JD.com and PDD Holdings fell after Beijing regulators summoned major platforms to criticize misleading advertising and unclear promotion rules tied to …