Alibaba Group News - July 22, 2026

Ant International raises $1.2 billion, paving way for Hong Kong IPO

Ant International raised approximately $1.2 billion in a Series A financing round on Tuesday. Alibaba Group and Ant Group joined international investors to...

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...