Alibaba Group is set to raise approximately HK$12 billion through exchangeable bonds to enhance its global cloud services and commerce ventures. The tech giant is making significant moves amidst fluctuating markets and economic data.
Apple's partnership with Alibaba to enhance AI features for iPhones in China is stirring controversy. U.S. lawmakers express concerns over potential user data access and its implications for national security.
In a surprising turn, Nvidia and major chip stocks like AMD and Qualcomm saw a decline as the AI trade faltered. Concerns over tariffs and competition from Alibaba loom large, dragging down the tech-heavy Nasdaq.
Get the latest on US stock futures, Apple's $500B pledge, Domino's Pizza results, Microsoft's AI move, and Alibaba's $52B investment in AI and cloud computing. Market surprises ahead!
Discover how Alibaba's net profit soared by 239%, surpassing industry expectations. Amazon and Walmart's revenue battle heats up while Japan grapples with inflation. Meanwhile, private equity firm KKR eyes Thames Water for a major investment.
