Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.
President Donald Trump said tariffs on Canada, Mexico, and China will go into effect Tuesday. Trump is proposing an additional 10% tariff on Chinese imports. China vowed to respond. Chinese stocks struggled today after President Donald Trump said additional tariffs on Chinese imports are slated to go into effect Tuesday.
The fresh round of funding comes amid fierce competition in China's AI sector and follows the emergence of rival DeepSeek's ( DEEPSEEK) success with a low-cost AI model. Zhipu secured a 3 billion yuan investment in December last year,
Nvidia's H20 chip gains traction in China amid AI demand surge, with Tencent, Alibaba, ByteDance leading orders. Discover how U.S.
Chinese tech giants Tencent, Alibaba, and ByteDance have ramped up orders for Nvidia's H20 AI chips, driven by the rising adoption of DeepSeek's cost-efficient AI models, reinforcing Nvidia's dominance in China despite U.
Chinese tech stocks continued to be a bright spot in the stock market as the tech-heavy Nasdaq Composite fell slightly. Chinese officials have signaled they are open to supporting the sector as it becomes increasingly important for the struggling Chinese economy.
Chinese AI startup Zhipu, which is backed by companies including Alibaba (NYSE:BABA) and Tencent Holdings (OTCPK:TCEHY), has secured more than 1 billion yuan ($137.22 million), in its latest funding round.
When you invest in Chinese stocks, the regulatory landscape in China and geopolitical tensions are going to be a big part of the story. Tariffs and export controls by the U.S. have been in play since Trump's first term and through former President Joe Biden's term, and have now ramped up even further in Trump's second term.
Chinese startup Zhipu raised more than 1 billion yuan ($140 million) in a financing round led by local government-backed firms, underscoring the growing interest in domestic AI following DeepSeek’s ascent.
The Hunyuan Turbo S artificial intelligence model is designed to respond as instantly as possible, distinguishing itself from the deep reasoning approach of DeepSeek's eponymous chatbot
Alibaba Group Holding Limited recently delivered earnings that surpassed expectations, sending its stock soaring. With this rally, Alibaba is no longer the deeply undervalued, overlooked stock it was in past years.
Chinese tech giants Tencent, Alibaba, and ByteDance have ramped up orders for Nvidia's H20 AI chips, driven by the rising adoption of DeepSeek's cost-efficient AI models, reinforcing Nvidia's dominance in China despite U.