Latest News for: alibaba

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Alibaba to continue investments in core tech

ECNS 19 Nov 2024
Alibaba reported late on Friday a 5 percent year-on-year revenue increase to 236.5 billion yuan ($32.7 billion) for the July-September period, while net income reached 43.5 billion yuan, up 63 percent year-on-year.
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Feature: China's excavators, rollers dig long-haul success abroad via e-commerce

People Daily 19 Nov 2024
19 (Xinhua) -- A little-known road called Kaixuan in Jining, east China's Shandong Province, has become an undeniable presence on the world's leading cross-border B2B e-commerce platform, Alibaba ... "Jining has already been a brand itself on Alibaba.
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China's excavators, rollers dig long-haul success abroad via e-commerce

Beijing News 19 Nov 2024
19 (Xinhua) -- A little-known road called Kaixuan in Jining, east China's Shandong Province, has become an undeniable presence on the world's leading cross-border B2B e-commerce platform, Alibaba ... "Jining has already been a brand itself on Alibaba.
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China’s tech giants hunt for US talent despite AI chip tensions

Cryptopolitan 19 Nov 2024
Alibaba, ByteDance, Meituan, and even smaller players are aggressively recruiting engineers and researchers from America’s top firms ... Alibaba’s AI blitz in Sunnyvale. Alibaba is going all in ... Alibaba’s plans might even be more ambitions .
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Alibaba Cloud revenue up 7% for the quarter, cites AI as key factor

Web Hosting Talk 19 Nov 2024
China's Alibaba Group saw its cloud computing business revenue grow by seven percent during Q3 2024. The company posted revenue for Alibaba Cloud of RMB29.6 ...
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Alibaba’s Stock Connect link shows Hong Kong’s strength as conduit to mainland markets

South China Morning Post 19 Nov 2024
Mainland investors have amassed 4 per cent of Alibaba’s public float and contributed 15 per cent to its trading volume through the Stock Connect scheme ... .
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Alibaba Skids On Latest Quarterly Figures

MENA FN 19 Nov 2024
(MENAFN - Baystreet) Chinese e-commerce behemoth Alibaba (NYSE.BABA) on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world's second-largest ... .
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Beijing to back more China listings, bond issues in HK

Hong Kong Standard 19 Nov 2024
Reuters and staff reporter ... The Standard Channel. IOS Android. IOS Android. More>> ... Joseph Tsai Chung-hsin, chairman of Alibaba Group, said the dual primary listing in Hong Kong in September brought higher liquidity to the company's stock trading ... .
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Huawei becomes the latest casualty of US AI policies

Cryptopolitan 19 Nov 2024
Huawei’s chips were designed to challenge Nvidia’s market dominance ... Huawei faces mounting challenges in acquiring AI chips ... For instance, Chinese AI startup is currently valued at $2.5 billion, following a billion-dollar round led by Alibaba.
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Alibaba seeks $5B in dual currency bond deal

The Manila Times 18 Nov 2024
SYDNEY, AustraliaChinese e-commerce giant Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the ...
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Alibaba aims to raise $5 bln in dual currency bond deal, sources say

Hong Kong Standard 18 Nov 2024
Chinese ecommerce giant Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter.
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Fitch affirms Alibaba’s credit rating at ‘A+’

Amwal Al Ghad 18 Nov 2024
Fitch Ratings assigned an ‘A+’ rating to Alibaba Group Holding Limited’s proposed US dollar and offshore Chinese yuan senior unsecured notes ....
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Alibaba seeks $5b in dual-currency bond offering

Amwal Al Ghad 18 Nov 2024
China's e-commerce giant Alibaba Group is aiming to raise $5 billion through a multi-tranche bond issuance ....
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Chinese tech groups build AI teams in Silicon Valley

Financial Times 18 Nov 2024
Alibaba, ByteDance and Meituan seek to poach top talent from US rivals despite Washington’s chip curbs ....

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