Alibaba Profit Drops 75% as AI Investment Accelerates
Alibaba’s quarterly profit fell about 75% as aggressive investment in AI infrastructure and cloud computing continued to pressure near-term earnings.
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Alibaba’s quarterly profit fell about 75% as aggressive investment in AI infrastructure and cloud computing continued to pressure near-term earnings.
A new AI-themed bar in Beijing is giving customers free DeepSeek tokens instead of Wi-Fi, reflecting China’s rapidly growing enthusiasm for artificial intelligence.
Unitree Robotics shares surged more than 500% on their Shanghai trading debut, briefly valuing the humanoid robot maker at around $50 billion.
Pre-IPO futures tied to Unitree Robotics have surged more than 300% above the company’s IPO valuation, implying a market value of roughly $40.5 billion ahead of its Shanghai debut.
Chinese humanoid robot maker Robotera is considering a Hong Kong IPO that could raise up to $1 billion as investor interest in robotics continues to surge.
Chinese memory chipmaker CXMT has surpassed Tencent in market value following its blockbuster IPO, highlighting how the AI boom is reshaping China’s equity market.
Unitree’s Shanghai IPO drew 9.8 million retail investors, leaving applicants with roughly a 1-in-5,500 chance of receiving shares.
Shein’s expected IPO valuation has fallen below $30 billion, well below earlier targets of $30–40 billion in Hong Kong and at least $50 billion for its previously planned London listing.
Unitree Robotics plans to raise about $904 million in a Shanghai IPO that would value the Chinese humanoid robot maker at approximately $7.5 billion.
Chinese robotics company Unitree has priced its Shanghai IPO at a $9 billion valuation, becoming the first mainland-listed humanoid robot manufacturer as China accelerates investment in AI-powered robotics.
The U.S. has blocked new Chinese humanoid and quadruped robot models from entering its market, with Unitree expected to be among the companies most affected.
Chinese memory chipmaker CXMT surged 466% on its market debut after raising $8.6 billion in Asia’s largest IPO of the year, becoming China’s most valuable listed company.
DeepSeek has reportedly paused its latest fundraising round after comments by founder Liang Wenfeng on the U.S.-China AI rivalry attracted widespread attention.
Volkswagen, BMW, and Mercedes-Benz are cutting jobs and reducing costs as rising competition from Chinese automakers reshapes the global automotive industry.
Honda, Nissan, and Mitsubishi are expanding their partnership by sharing software, electronic systems, and components in an effort to cut costs and better compete with rapidly growing Chinese automakers.