Alibaba unveiled the Zhenwu M890, an AI chip with three times the performance of its previous model, featuring 144 GB GPU memory and 800 GB/s bandwidth. The chip aims to boost Alibaba and its subsidiary T-Head's position in China's AI processor market against competitors like Nvidia, Huawei, and Cambricon. Alibaba also announced the upcoming release of its next-gen AI model, Qwen3.7-Max, expecting AI-driven revenue to reach $4.42 billion by year-end. Despite advancements, analysts note Alibaba's chip still lags behind Western rivals in some key performance metrics.
China's regulator has approved Apple Intelligence, Apple's generative AI service, for launch in China through a partnership integrating Alibaba's Qwen AI model into Apple’s operating systems. This collaboration enables AI features like text and image...
Alibaba confirmed that its Qwen AI model will be integrated into Apple's iOS, iPadOS, macOS, and visionOS services for users in China, leading to a 4% rise in its U.S.-listed shares in premarket trading. This integration allows users to access advanc...
Pomerantz LLP is investigating Alibaba Group for potential securities fraud and unlawful business practices following reports that Alibaba illicitly accessed AI technology and failed to prevent illegal pharmaceutical sales on its platform. These alle...
Last week, leveraged ETFs linked to Alibaba, Meta, Broadcom, and Nvidia delivered strong gains ranging from 17% to over 34%. Alibaba-focused ETFs led with over 34% returns, driven by positive earnings previews, AI revenue growth, and share buybacks. ...
In Q2 2026, Baird's Chautauqua International Growth Fund returned +10.39%, trailing the MSCI ACWI ex-U.S. Index's +14.49%. Key detractors included Alibaba and Lululemon, while Recruit and ASML contributed positively. The Global Growth Fund also lagge...
