Friday , March 29 2024
Home / Tag Archives: baba

Tag Archives: baba

Chinese AI Startup Zhipu Secures $342M in Funding from Alibaba, Tencent

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round....

Read More »

Amidst Strong Demand, e-Commerce Giant Alibaba (BABA) Will Close Its Books Early for Hong Kong Listing

Chinese e-commerce giant Alibaba is making swift moves to list its shares on the Hong Kong Stock Exchange. However, amidst high demand, Alibaba has planned to close its books early for institutional investors, reports CNBC.As per the report, the e-commerce giant plans to close its books by 12 PM ET on Tuesday, November 19. The sources familiar with the matter said that the book’s closure will happen half-day before the earlier schedule. This is clearly indicative of the fact that investors...

Read More »

China Poised to Relegate the US Dollar, Says Ripple CEO

Ripple CEO, Garlinghouse, has sounded an alarm geared at calling the United States government to action, reiterating that China’s goal with the CBDC is to destabilize the US dollar. The CEO urged the government of the United States during an interview with Fox Business to be at the forefront of the crypto revolution, instead of China.Garlinghouse talked about the tech boom back in the early 2000s and how the US took control of the industry and benefited immensely from that...

Read More »

Nasdaq Stifles IPOs of Small Chinese Companies

Nasdaq has officially begun taking deliberate steps to stifle as much as possible, initial public offerings (IPOs) of small Chinese companies going public in the U.S. The index, according to a Reuters report, is doing this by slapping several restrictions on these firms and frustrating their efforts for approval. Supposedly, the Nasdaq index is doing this because the majority of these firms usually end up raising most of their initial capital from Chinese backers, rather than investors in the...

Read More »

Donald Trump Threatens to Delist Chinese Stocks from the Wall Street

This week was pretty severe when talking about tariffs the US imposed on Chinese goods lifting it every day more and more. When talking about US-China trade war, it’s important to stress out that this is something that started happening already back in the 80’s. However, since Donald Trump is sitting in the White House, the situation is slowly getting out of control – but really.We can all understand that one’s statesman policy can be about buying more local products, tightening import,...

Read More »