Baidu Layoffs: 40% Staff Cut After Huge Quarterly Loss
China's Baidu begins massive layoffs affecting multiple units after reporting $1.59 billion quarterly loss. Core advertising revenue drops 18% as AI competition intensifies.
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Mahindra: Chinese EVs Must Compete on Equal Terms
Mahindra & Mahindra welcomes Chinese EV competition but insists on level playing field and localization norms. Company reveals aggressive EV expansion plans targeting 20-25% sales by 2028.
Alibaba CEO Dismisses AI Bubble Fears
Alibaba CEO Eddie Wu rejects AI bubble warnings, plans major investment as demand surges. Google's Sundar Pichai voices caution. Read the full analysis.
Alibaba Quark AI Glasses Take on Meta's Smart Eyewear
Alibaba launches Quark AI glasses with Qwen integration, offering translation, navigation & Alibaba ecosystem access. Priced from $268, they compete directly with Meta's smart glasses.
Hong Kong Fire: Tech Giants Pledge Millions in Relief
Major corporations including Alibaba and Tencent donate millions for Hong Kong fire relief after President Xi Jinping's appeal. Over 55 lives lost in deadliest blaze since 1948.
Alibaba CEO Rejects AI Bubble Concerns, Vows Investment
Alibaba CEO Eddie Wu dismisses AI bubble warnings, plans aggressive investment as Qwen app hits 10M downloads. Google's Pichai warns of sector irrationality. Read more.
Pentagon Adds Alibaba, Baidu, BYD to China Military List
US Pentagon seeks to add Alibaba, Baidu and BYD to China military companies list, escalating trade tensions. Learn about the timing and potential consequences of this move.
Alibaba Cloud Jumps 34% on AI Demand, Profits Fall
Alibaba's cloud revenue surged 34% driven by AI growth, while overall profits dropped 52% amid e-commerce price wars. The company plans to invest $53B+ in cloud and AI infrastructure.
Alibaba stock jumps 4.3% on AI-driven cloud growth
Alibaba shares surged over 4% in premarket trading as AI demand drove 34% revenue growth in cloud business. CEO Eddie Wu reports triple-digit AI revenue growth for ninth straight quarter.
Alibaba Qwen AI Hits 10M Downloads, Cloud Soars 34%
Alibaba's Qwen AI app crossed 10 million downloads in its first week while cloud revenue surged 34%. Discover how the tech giant is dominating China's AI race despite profit decline.
Alibaba's Qwen AI App Hits 10M Downloads in Week
Alibaba's revamped Qwen AI app surpasses 10 million downloads in just one week, boosting Hong Kong shares by 5% and marking China's AI independence push. Discover the features driving this success.
US Accuses Alibaba of Aiding Chinese Military
The White House alleges Alibaba provides technical support and data to China's PLA, raising major US security concerns. Read the full details and Alibaba's response.
Alibaba Denies Helping China Target US in Spy Claims
Chinese tech giant Alibaba refutes White House memo alleging it provided data to Chinese military. Company calls accusations false amid ongoing US-China tensions.
China's Robotaxi Revolution Beats Waymo & Tesla
Discover how China's tech giants are deploying thousands of autonomous taxis across major cities, outpacing American competitors in the race for driverless dominance.
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