Alibaba shares plunge 10% after $10.2 billion share placement to fund AI push
Night view of Alibaba’s headquarters building located by the Huangpu River in Shanghai, China on Nov. 16, 2025.…
China AI firms tap Nvidia power overseas as U.S. weighs crackdown
Nvidia’s effective monopoly over the most powerful chips has made U.S. export controls a key tool in Washington’s…
Money or power? The key to winning the U.S.-China AI race
An AI-themed ‘AGI Bar’ in Beijing’s tech-focused Zhongguancun district on Aug. 9, 2026. Pedro Pardo | Afp |…
U.S. wants Asia to use its AI, but China dominates cheaper models
Google’s display at APEC Digital Weeks in Chengdu on July 23, 2026 did not focus on Gemini. Evelyn…
SoftBank sinks as Asia chip stocks track Wall Street AI rout
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a…
Goldman Sachs picks its favorite Chinese AI models
Goldman Sachs has three preferred Chinese artificial intelligence models, only one of which is publicly traded. The investment…
Kuaishou shares jump after securing Tencent funding for Kling AI
Kuaishou headquarters is pictured on November 5, 2020, in Beijing, China. VCG | Visual China Group | Getty…
Airwallex raises $320 million to power finance run by AI agents
The Airwallex logo appears on a laptop computer screen in this photo illustration in Athens, Greece, on December…
UBS says to buy China tech stocks as AI ecosystem grows
China’s expanding AI ecosystem and easing U.S.-China tensions are reviving the case for Chinese equities, in particular the…
China’s Tencent sees boost from gaming, AI demand despite revenue miss
Chinese tech giant Tencent on Wednesday reported revenues rose 9% in its first-quarter 2026 earnings, but missed analyst…
Stock market news for May 12, 2026
Traders work at the New York Stock Exchange on May 7, 2026. NYSE The S&P 500 slipped on…
A sanctioned Chinese firm says cheaper models can still win
China’s artificial intelligence race has no finish line. DeepSeek, Moonshot AI, Alibaba and even consumer electronics firm Xiaomi…