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BIZARRE: 2 - You Need To See This

Global Market: Alibaba shares slide after $10.2 billion share placement to fund AI expansion

Alibaba shares fell as much as 10% after the company launched a $10.2 billion share placement to fund AI expansion. The discounted offering raised dilution concerns, while heavy AI spending and a 75% profit decline intensified investor scrutiny over returns. Alibaba plans major infrastructure investments as competition in AI accelerates.

The Economic Times

Global Market Today: Asian stocks dip with AI in focus, oil declines

Global Market Today: Asian stocks dip with AI in focus, oil declines

MSCI’s Asia Pacific equities gauge dipped 0.1%, with the Kospi Index in South Korea — a bellwether for AI investments — falling 1.2%. However, US equity-index futures erased earlier losses to edged up, with contracts for the tech-heavy Nasdaq 100 climbing 0.1%.

The Economic Times

Ox Alpha stealth model appears on OpenRouter, sparks guessing game over its creator

Ox Alpha stealth model appears on OpenRouter, sparks guessing game over its creator

Ox Alpha, an unidentified AI model that recently appeared on OpenRouter as a “stealth model”, is drawing attention from developers because of its large context window and multimodal capabilities. The system can process text, images and video and has been offered free with near-unlimited usage for a week. Its anonymous…

The Economic Times

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The AI 'death zone' is here and most corporate AI strategies are standing in it

Chinese models just swept the top five spots on the world's largest AI marketplace. American labs still own the frontier. Don't get caught in between.

Alibaba Shares Sink as AI Spending Surges, Sending Down Its Profit

Revenue rose 9% from a year earlier to 268.95 billion Chinese yuan, or roughly $39.7 billion, narrowly exceeding the 268.88 billion yuan expected by analysts.

International Business Times

Alibaba quarterly profit drops 75% as AI investment spending grows

China's Alibaba reports a 75% drop in profit for the latest quarter from the year before to roughly $1.6 billion as it invests heavily in AI infrastructure

The Independent UK

Ahead of Alibaba Earnings, Here's What Barchart Data Says Comes Next for BABA Stock

Alibaba is set to report its fiscal Q1 earnings on Aug. 20. Here’s how the data suggests BABA shares will respond to the earnings event.

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Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors

Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors

The Hangzhou-based startup, founded in 2016, has quickly become something akin to a national champion in China's robotics sector.

First Nvidia H200 shipments reach China, ByteDance and Tencent take deliveries as Beijing loosens its import block — most licensed chips must stay in Hong Kong, which can't power them

First Nvidia H200 shipments reach China, ByteDance and Tencent take deliveries as Beijing loosens its import block — most licensed chips must stay in Hong Kong, which can't power them

Beijing wants most of each company's U.S.-licensed allowance, which the FT puts at up to 100,000 units apiece, kept off the mainland.

Tom’s Hardware

Baidu CEO vows to return Ernie to AI frontier as revenue miss sinks shares

Baidu CEO vows to return Ernie to AI frontier as revenue miss sinks shares

Its Ernie large language model has gone months without a major ⁠upgrade, while ‌competitors such as Alibaba and Moonshot have continued to roll out newer versions of their models.

The Economic Times

Rent a supernode by the hour - Alibaba brings frontier-scale AI compute to the public cloud, but only if you live in this remote Chinese province

Rent a supernode by the hour - Alibaba brings frontier-scale AI compute to the public cloud, but only if you live in this remote Chinese province

Alibaba's new AI supernode is rentable by the hour, built entirely on Chinese silicon, and smaller than every rival it's compared to.

Global Market: Trump-backed World Liberty partners with platform offering Chinese AI models

Global Market: Trump-backed World Liberty partners with platform offering Chinese AI models

Trump-backed World Liberty Financial is collaborating with Hong Kong-based WorldClaw, which offers access to Chinese and US AI models. The partnership has drawn scrutiny because several Chinese developers face US security restrictions, while the Trump family holds a significant World Liberty stake and benefits financially from its cryptocurrency activities.

The Economic Times

Alibaba's $2 billion gaming exit signals where Beijing wants its money

Alibaba's $2 billion gaming exit signals where Beijing wants its money

The e-commerce giant sells its gaming studio and pours $53 billion into AI as the US-China tech rivalry heats up

Alibaba is selling its gaming studio for at least $1.5 billion to help fund AI buildout, mirroring Micron's exit from consumer business — dumps entire stake in Lingxi Games, which made 'Three Kingdoms: Strategy Edition'

Alibaba is selling its gaming studio for at least $1.5 billion to help fund AI buildout, mirroring Micron's exit from consumer business — dumps entire stake in Lingxi Games, which made 'Three Kingdoms: Strategy Edition'

Alibaba has agreed to sell its game development unit, Lingxi Games, to Asian private equity firm Trustar Capital, according to an internal staff memo.

Tom’s Hardware

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As Apple Builds Custom AI Models for China, Here’s How to Play AAPL Stock

Apple has reportedly built its own AI model for China with help from Alibaba. Here's what that means for AAPL stock right now.

Tech Brief (Aug. 17): Alibaba Open-Sources Qwen AI Models

U.S. tells Apple not to buy Chinese memory chips, embodied AI startup Light Origins raises new funds

Option Volatility And Earnings Report For Aug 17-21

It’s all about retail earnings this week with Walmart, Home Depot, Target and Alibaba all set to report.

Alibaba’s AI Pivot Deepens, Plans to Offload Gaming Business For at Least $1.5 Billion: Report

Alibaba Group Holding Ltd. ADR (NYSE:BABA) is reportedly offloading its gaming unit, Lingxi Games, to Asian private-equity firm Trustar Capital in a bid to bolster its focus on artificial intelligence (AI).

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The Economic Times

Alibaba to sell Lingxi Games in more than $2 billion deal, source says

Alibaba and Trustar have reached a formal agreement after several rounds of talks, according to an internal memo sent to Lingxi staff on Monday by the game developer's CEO Zhou Bingshu and reviewed by Reuters.

Retail Earnings, Fed Minutes and Other Key Things to Watch this Week

Markets face a retail-dominated week where Home Depot (HD), Target (TGT), TJX Companies (TJX), and Walmart (WMT) report earnings providing critical consumer spending assessment across income segments.

International Business Times

China's AI Models Are Catching Up. Z.ai's GLM-5.3 Takes Aim at OpenAI & Anthropic

The Beijing-based company said its upcoming GLM-5.3 model will deliver improved coding capabilities, putting its performance closer to leading systems such as Anthropic's Fable 5.

International Business Times

Apple Takes a New Approach To AI In China. It's Building Its Own Model With Alibaba's Help.

The company is developing its own model instead of relying entirely on local technology partners. The move could give the iPhone maker greater control as it battles Huawei and other Chinese rivals.

The Economic Times

Apple trains its own AI model for China market with Alibaba's support

The AI model was developed in partnership with Alibaba Group and trained with the Chinese tech giant's support, the people said, declining to be named as the information is sensitive and not public.

Qwen 3.8 Release Date and How to Be Ready on Day One

If you're tracking Qwen 3.8, the first thing to know is that it isn't out yet. Alibaba announced it on July 19, 2026, but the full model has not shipped on a public API. That leaves builders in a familiar limbo: a promising model is coming, the date is fuzzy,…

Tech Brief (Aug. 11): Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem

Retail investors face slim odds at slice of Unitree IPO, chipmaker CXMT added to MSCI China All Shares Index

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