The Pentagon has added Chinese tech giants Alibaba, Baidu, and automaker BYD to a list of companies it believes support China's military. This move prohibits the US Defense Department from contracting directly with these firms starting later this month, and from buying their products through third parties by 2027. The update highlights ongoing US concerns about Chinese technology's role in national security and complicates US-China relations despite recent trade talks. Some affected companies, like WuXi AppTec, have disputed their inclusion and plan to seek removal from the list.
Astrada Advisors has increased its valuation range for Alibaba to $144-$165 per share, up from $128-$148, due to shrinking losses in Alibaba's Quick Commerce segment and strong momentum in AI and cloud services. The Quick Commerce unit is nearing bre...
Alibaba shares surged over 11% following UBS analysts' positive growth outlook, boosting the Global X NYSE 100 ETF. Investors are closely watching developments in the Middle East and recent Federal Reserve minutes for market direction. Additionally, ...
Alibaba's US-listed shares surged nearly 11% following a US federal judge's temporary block on Pentagon restrictions linked to the company's alleged ties to China's military. This legal reprieve allows Alibaba to continue engaging with US policymaker...
Alibaba's shares surged 12.2% in Hong Kong trading, their biggest single-day gain since September last year, reflecting renewed investor interest in Chinese tech stocks. The broader Chinese technology sector also saw gains after lagging behind rallie...
China's Ministry of Industry and Information Technology has identified a serious security back-door vulnerability in the U.S.-based AI coding tool Claude Code, which can send sensitive user data like location and identity to a remote server without c...
