A new plan from the Zhejiang government will see billions of yuan spent through 2027 to support AI companies and attract ‘top talent’.

Meitu Inc, a Chinese tech company known for its popular image-editing app and content-sharing software, announced on Tuesday a strategic partnership with Alibaba Group's wholly-owned subsidiary Alibaba.com China Ltd, and received a $250 million investment.

A federal court in Chicago denied Alibaba’s motion to modify a temporary restraining order in this trademark infringement lawsuit brought by the owner of Miffy, a rabbit character originating in Dutch picture books,

Inquiries from the US on Alibaba’s B2B marketplace surged over 40 per cent the week after Washington and Beijing hit pause on the trade war.

In its latest fiscal quarter, Alibaba generated the U.S. dollar equivalent of about $32.6 billion in revenue, up about 7% year over year, although this failed to meet the expectations of analysts. On the bottom line, Alibaba's adjusted earnings increased significantly but also fell short of estimates.

Alibaba posted quarterly revenue that missed analysts' estimates on Thursday, as the e-commerce group works on new strategies to keep consumers spending amid persistent economic weakness in China and uncertainty over the impact of tariffs.

Earnings from the two biggest names in China tech are the next big watchpoint for clues on whether one of 2025’s hottest stock rallies is back on track.

Come Drive With Us <a href=" Merch and giveaways <a href=" Amazon store with products I use. <a href=" I will never ask anyone to contact me via any method other than email in the comments. ANY TELEGRAM OR SIMILAR COMMENTS ARE SPAM.