Baidu plans Hong Kong IPO of AI chip unit Kunlunxin in spin-off move

China’s AI Chip Ambitions: Baidu’s Spin-Off Signals a New Era Baidu’s decision to spin off its AI chip subsidiary, Kunlunxin, and pursue a Hong Kong listing isn’t just a corporate maneuver; it’s a powerful signal of China’s escalating drive for semiconductor self-sufficiency. This move, mirroring similar actions by Moore Threads and Biren Technology, underscores a … Read more

Alibaba shares jump 19% on cloud unit growth, report of new AI chip

Alibaba‘s Ascent: Navigating the Future of Tech and Commerce As the dust settles from Alibaba’s recent financial performance, the narrative shifts towards understanding the company’s strategic moves and the broader implications for the tech and commerce landscape. Let’s dissect the key takeaways and explore the potential future trends. The Cloud’s Bright Horizon: A Catalyst for … Read more

Alibaba makes AI video generation model free to use globally

Alibaba’s Strategic Shift: Open-Sourcing AI Models In a bold move to boost innovation and compete on the global stage, Alibaba has recently announced that its video generation AI models are now open to the public. This decision aligns with Alibaba’s ongoing strategy to challenge tech giants like OpenAI by offering its Wan2.1 series models, part … Read more

Alibaba rose on China AI hopes. Where analysts see the stock heading

The Alibaba AI Boom: A Sign of Things to Come? As Alibaba’s U.S.-traded shares surge nearly 70% in 2025, the company is being heralded as a favorite play on Chinese artificial intelligence (AI) innovation. This resurgence highlights exciting trends in AI development, with Alibaba at the forefront, thanks to its deployment of impactful AI products … Read more

Alibaba shares jump, Amazon’s revenue beats Walmart

Technological Titans Lead the Market Charge In a startling revelation, Chinese tech giant Alibaba reported a whopping 239% year-on-year surge in net profit for the final quarter of 2024. Citing robust growth in its cloud business and substantial gains in artificial intelligence, Alibaba’s performance highlights an evolving market landscape where dual-role enterprises like Amazon showcase … Read more