Category: Alibaba
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Alibaba commits $50bn to AI and cloud amid Jack Ma’s return to the spotlight
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Alibaba, the Chinese Technology Group, has announced an investment of 380 billion yuan (41.5 billion pounds) in artificial intelligence and cloud computing over the next three years. The news comes after the general rehabilitation of the company’s founder, Jack Ma, who recently returned alongside President Xi Jinping and other technology…
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Alibaba to partner with Apple on AI features, sending shares to 3-year high
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From Casey Hall Its president said on Thursday that Shanghai (Reuters) -Apple will participate with APLE to support IPHONE services in China, that the step that the American company is likely to help reduce smart phone sales in its main market. For Alibaba, this partnership is a great victory in…
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Michael Burry Raises Alibaba Stake, Cuts Stock Portfolio in Half
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(Bloomberg) — Michael Burry, the hedge fund manager famous for his 2008 bet against the U.S. housing market and subsequent portrayal in the book and movie “The Big Short,” increased his stake in Alibaba Group Holding Ltd. while halving his overall stock portfolio in the second quarter. Most Read from…
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CertiK Fortifies Its Blockchain Ecosystem With Alibaba Cloud Partnership, Moves Infra To Alibaba Cloud
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The blockchain ecosystem has seen significant growth in recent years, driven by the growing demand for secure, decentralized, and efficient distributed computing. As the industry continues to expand, the need for robust cloud infrastructure and comprehensive security solutions has become increasingly critical. CertiK, a leading blockchain security company, has recognized…
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CertiK Fortifies Its Blockchain Ecosystem With Alibaba Cloud Partnership, Moves Infra To Alibaba Cloud
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The blockchain ecosystem has seen significant growth in recent years, driven by the growing demand for secure, decentralized, and efficient distributed computing. As the industry continues to expand, the need for robust cloud infrastructure and comprehensive security solutions has become increasingly critical. CertiK, a leading blockchain security company, has recognized…
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Loop Capital bullish on Alibaba shares, cites revaluation optimism By Investing.com
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On Thursday, Loop Capital revised its forecasts for… Ali Baba (NYSE:) Group Holding Limited (NYSE:BABA) shares, increasing their price target for the company to $115 from $111, while reaffirming a Buy rating on the stock. The company’s analyst highlighted Alibaba’s potential for a positive valuation turnaround, after a long period…
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Alibaba Health surges 13% on strong FY earnings By Investing.com
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Investing.com–Stocks Ali Baba Health IT (HK:) rose sharply on Tuesday after the company reported a sharp jump in its annual profits thanks to improving margins and strong demand for healthcare services and pharmaceuticals on its platforms. The company, which was acquired by e-commerce giant Alibaba Group (HK:) (NYSE:) in 2014,…