Alibaba's stock surged nearly 5% following the anonymous release of its new AI video generation tool, HappyHorse 1.0, which quickly gained popularity and surpassed competitors like ByteDance's Seedance 2.0. The tool could boost Alibaba's cloud business as it prepares to offer it to enterprise clients. However, despite the initial rally, gains have slightly corrected, and uncertainties remain about the tool's long-term impact on Alibaba's financials, especially given the challenges faced by similar AI projects like OpenAI's discontinued Sora. Investors are watching closely to see if HappyHorse 1.0 can help Alibaba recover from its 19% loss in 2026.
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...
