Alibaba Group Holding Ltd is a leading multinational conglomerate specializing in e-commerce, retail, and technology. The company operates various online marketplaces that connect consumers and businesses, facilitating the sale of goods and services. Beyond e-commerce, Alibaba has diversified its offerings to include cloud computing, digital media, and entertainment, striving to empower businesses with innovative technology solutions. With a strong focus on integrating online and offline experiences, Alibaba continuously evolves its platform to meet consumer demands and optimize supply chain efficiency. The organization's mission is to make it easy to do business anywhere, leveraging its expansive reach to foster global commerce. Read More
Nvidia failed to warn customers about new U.S. export rules for H20 chip sales to China, resulting in a $5.5 billion charge. Chinese tech giants have been stocking up on chips, driving demand. Despite this, analysts remain optimistic about Nvidia's investments in AI and its plans to develop $500 billion in infrastructure. NVDA stock is down 6.35% at $105.11.
Hongkong Post on Wednesday announced the suspension of its postal services for parcels containing goods to the United States, citing what it describes as "bullying" and "unreasonable" actions by the U.S. government regarding new tariffs and postal fees.
Major Chinese companies trading lower due to Trump's increased tariffs. China's GDP grew in Q1 but trade war dims outlook and prompts calls for stimulus.
Nvidia Corp. (NASDAQ: NVDA) has reportedly not communicated to some of its major Chinese customers about the new U.S. export rules affecting its AI chip.
Nvidia will take a $5.5 billion charge due to U.S. export restrictions on AI chips to China, but analyst Dan Ives says the long-term AI demand story remains strong despite rising geopolitical tensions.
China plastics industry has been the backbone of several industries. They have been able to make an impact in supplying the best quality plastic products to the global plastics industry. However, the situation seems to be changing due to some international market factors. So, in this article we will try to look at some points that are making China a crucial player in the global plastics industry.
Alibaba shares are trading higher on Monday after President Donald Trump and his administration announced consumer electronics are exempt from the 145% reciprocal tariffs on Chinese goods.
Alibaba's AI app Quark surpassed ByteDance's Doubao to become the most popular in China with 150M monthly active users. Alibaba's cloud unit also expands its AI platform.
