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Chinese AI models seize 63% of OpenRouter, fueled by aggressive pricing
Chinese AI models now account for a majority of usage on OpenRouter. Market share for these systems was under 10% last year. This figure surged to 63% by early...
Ant International Raises $1.2B, Accelerating Global Merchant Payment Innovation
Singapore-based Ant International raised $1.2 billion in its Series A funding round. Ant Group and Alibaba Group participated in the financing alongside...
🟢 Alibaba Group is trading 3.4% up today on unveiling of new Qwen AI model and Apple Intelligence progress
• Alibaba Group is trading 3.4% up today at $118.84 following the unveiling of its new Qwen 3.8 Max AI model, touted as the second most advanced globally. •...
AliExpress Faces Record €550M EU Fine, Failing to Block Illegal Goods
The European Union fined Alibaba’s AliExpress €550 million for failing to prevent the sale of illegal and unsafe products. This penalty represents the largest...
🟢 Alibaba Group is trading 3.6% up today on renewed optimism for China tech and AI
Alibaba Group is trading 3.6% up at $119.16 in pre-market, rebounding from last week’s tech-led sell-off as sentiment improves across Chinese internet and...
Moonshot AI Pauses Kimi Subscriptions, Citing GPU Capacity Limits
Moonshot AI temporarily paused new subscriptions for its Kimi chatbot service following a surge in demand for the Kimi K3 model. Usage over the past 48 hours...
Alibaba debuts Qwen3.8 Max AI, challenging Claude with 2.4 trillion parameters
Alibaba released a preview of its flagship Qwen3.8 Max AI model. This model features 2.4 trillion parameters. Alibaba claims its performance rivals leading...
Alibaba Open-Sources SAIL Software, Challenging Nvidia’s CUDA Dominance
Alibaba's chip design unit, T-Head, open-sourced its SAIL AI software stack at the World AI Conference in Shanghai. This move directly challenges Nvidia’s...
Zhipu AI Hits $1B Revenue, Outpacing Anthropic via Enterprise Demand
Chinese AI startup Zhipu AI (Z.ai) reached $1 billion in annual recurring revenue (ARR) in July 2026. This achievement marks the first time an independent...
Moonshot AI launches Kimi K3, the world's largest open-source AI model
Moonshot AI launched its Kimi K3 model on July 16, 2026. The model contains 2.8 trillion parameters, making it the world's largest open-source AI model. The...
Moonshot AI launches Kimi K3, challenging U.S. rivals with open-weight model
Chinese startup Moonshot will launch Kimi K3 in the coming days. The model contains between 2 and 3 trillion parameters. This scale represents a significant...
Alibaba Lands the Apple Deal in China — But Can a Cloud Partnership Move the Needle on a $23 Billion Business?
Shares of Alibaba jumped 4.6% to $117.49 after China's cyberspace regulator formally approved Apple's on-device AI system for iPhones in the country, with...
🟢 Alibaba Group is trading 4.6% up today on reports of Apple AI partnership in China
Alibaba Group is trading 4.6% up at $117.49 following reports that Apple has selected the company to power its AI features for iPhones in the Chinese...
Alibaba Navigates Mixed News Week With AI Optimism Offsetting Legal Headwinds
Alibaba's shares rallied this week. Optimism grew around the company's AI and cloud businesses. Reports suggested AI-driven revenue could significantly boost...
Alibaba Bans Anthropic AI, Citing Security Risks and New China Rules
Alibaba officially banned employees from using Anthropic’s Claude AI coding assistant on July 10, 2026. Internal assessments flagged the American software as a...
🟢 Alibaba Group is trading 4.9% up today on reports of OpenAI and Google AI model access
Alibaba Group is trading at $117.88, up 4.9% in after-hours sessions following reports that OpenAI and Google are supplying advanced AI models to the company's...
🟢 Alibaba Group is trading 3.1% up today on reports of access to advanced OpenAI and Google AI models
Alibaba Group is trading 3.1% up today at $114.59 as reports surface that OpenAI and Google are supplying advanced AI models to its Singapore unit. • The...
🟢 BABA makes sharp 10.1% jump
BABA is trading at $108.02, up 10.1% versus the comparison close of $98.14 during regular trading. This is a price-movement alert; no separate company-specific...
🟢 BABA is trading 8.7% up today on earnings optimism and narrowing instant-commerce losses
BABA is trading 8.7% up now at $106.65 following a sharp early-session rally driven by narrowing losses in its instant-commerce business and rising optimism...
MiniMax to Launch 2.7 Trillion-Parameter AI Model, Rivaling Western Tech
Chinese AI developer MiniMax is developing a new large language model codenamed M3 Pro. The model features 2.7 trillion parameters. Release is scheduled for...