Alibaba Group Holding Ltd.
Coverage of Alibaba Group Holding Ltd. in the Nexus archive.
- Chinese companies are ditching Nvidia’s advanced accelerators for domestic AI suppliers
Chinese companies are shifting from Nvidia's AI accelerators to domestic alternatives amid US-China tensions, with 46% of future budgets allocated to local products. Tencent, Alibaba, and Huawei are leading this transition, supported by a 2 trillion yuan government initiative to build AI-driven data centers using domestic technologies.
- Alibaba gets reprieve on lobbying ban tied to DoD blacklist
A federal judge ordered the Pentagon to temporarily exempt Alibaba from a lobbying restriction tied to its inclusion on a Defense Department blacklist of Chinese military companies, allowing the firm to retain lobbyists while the court assesses the law's constitutionality. The Pentagon added Alibaba to the 1260H list in June, prompting lobbying firms to sever ties with the company under the new law.
- SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders
SpaceX aims for a $1.77 trillion valuation through a $135 per share IPO, surpassing previous records set by Alibaba and Facebook. The IPO could make Elon Musk a trillionaire and thousands of employees millionaires, following a $75 billion funding round.
- US targets China’s military-tech firm ties while forging its own
The US is targeting Chinese tech firms Alibaba, Baidu, and BYD over military-tech ties, while both nations increasingly rely on private-sector innovation for military advantage. The Department of Defense designated these companies, reflecting growing US-China competition in technology and security.
- Pentagon accuses Alibaba, Baidu and BYD, three of China’s biggest companies, of supporting the Chinese military
The Pentagon accused Alibaba, Baidu, and BYD of supporting the Chinese military, updating its 1260H list of companies aiding the People’s Liberation Army. The move, which includes Tencent and two Chinese memory chipmakers, triggered stock declines and could precede trade restrictions, though the companies have denied supporting the military.