Alibaba and its U.S. payment processor AUS Merchant Services will pay a total of $600 million to the U.S. Department of Justice after admitting they failed to prevent tens of thousands of illegal product sales, including pharmaceuticals and controlled substances, through Alibaba.com and AliExpress.com. The violations occurred between 2016 and 2024, involving about 80,000 unlawful sales worth over $200 million. Alibaba acknowledged shortcomings in monitoring high-risk transactions and agreed to improve compliance measures. The settlement includes criminal penalties and forfeitures, with both companies committing to strengthen their anti-money laundering and product compliance programs while continuing cooperation with federal investigators.
Ant Group has led a $73.58 million funding round in Zeroth, a humanoid robotics startup, marking its 12th investment in the sector since early 2025. Zeroth focuses on robots for elderly care, pet care, and children's education, with plans to expand s...
The Schall Law Firm is investigating Alibaba Group for potential securities law violations following a Reuters report accusing Alibaba of illicitly extracting AI model capabilities from U.S. company Anthropic. This investigation may impact shareholde...
China's data center market is projected to grow at an 8.94% CAGR from 2025 to 2031, reaching an estimated $101.47 billion by 2031. Growth is fueled by government initiatives promoting local GPU production, AI chip development by Alibaba, and the AI P...
Alibaba's stock has dropped sharply due to claims by Anthropic that Alibaba copied AI models, combined with rising memory costs, a large Chinese data center buildout, and a recent earnings miss. Despite these challenges, Alibaba's AI business is grow...
