Alibaba CEO Eddie Wu says he doesn't see "much of an issue" with an AI bubble. Wu said AI demand is outpacing global chip supply, and the company plans to invest "aggressively." The Chinese tech giant ...

KEY TAKEAWAYS U.S.-listed shares of Alibaba Group are rising in premarket trading Friday after GameStop CEO Ryan Cohen reportedly raised his stake in the Chinese tech giant and as investors cheered ...

During the call, Wu addressed the AI bubble concerns, saying that both supply and demand suggest otherwise. On the demand side, he said, "We're not yet seeing any issues in terms of Scaling Law.

Alibaba reported cloud computing revenue up 34% year-on-year in its fiscal second quarter, beating market expectations. Investors are focused on Alibaba's cloud division which books its revenue ...

Alibaba is still at the early stages of the process and it’s unclear how much of a valuation T-Head could command.

Alibaba CEO plans to increase capital spending on AI and cloud beyond previous target Alibaba shares surged on Wednesday. Tech investor Cathie Wood this week bought Alibaba stock for the first time in ...

In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to "correct its course." The message was as a rallying cry by one of China's most prominent ...