Alibaba Group Holding Ltd
Trump tariffs and export curbs on China cast a cloud over major chip stocks
Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images Uncertainty — that was the theme during earnings season for the world’s biggest semiconductor firms which are unclear on demand for their products as a result of changing U.S. tariff policy and export restrictions that have been […]
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Uber to buy 85% stake in Turkish food delivery platform for $700 million
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California. Mario Tama | Getty Images Uber will acquire an 85% stake in Turkish food delivery platform Trendyol GO for about $700 million in cash, the company said in […]
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Alibaba launches new Qwen LLMs in China’s latest open-source AI breakthrough
Qwen3 is Alibaba’s debut into so-called “hybrid reasoning models,” which it says combines traditional LLM capabilities with “advanced, dynamic reasoning.” Sopa Images | Lightrocket | Getty Images Alibaba released the next generation of its open-sourced large language models, Qwen3, on Tuesday — and experts are calling it yet another breakthrough in China’s booming open-source artificial […]
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CNBC’s The China Connection newsletter: U.S. regulatory scrutiny fans Chinese stock delisting fears
The floor of the New York Stock Exchange on Jan. 30, 2019. Bloomberg | Bloomberg | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give […]
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More travelers are using ‘buy now, pay later’ plans to pay for trips. Here’s when it may make sense
Kristin Herman said using a “buy now, pay later” service to pay for a last-minute trip to Miami felt like a lifesaver. She said the approval was quick, and there were no upfront costs — but she accidentally skipped a scheduled payment. “One missed reminder turned into fees,” she told CNBC Travel. Rane Teo, however, […]
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Bernstein predicts which Chinese stocks can survive delisting and tariff worries
Bernstein is looking at Chinese internet tech stocks like it’s the downtrodden days of Covid-19. “For all the justified consternation around geopolitics and trade headwinds, we think the mantra of ‘fade sentiment extremes’ still applies,” Bernstein China internet analyst Robin Zhu and a team said in an April 14 report. “Several of the other conditions […]
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‘Fortunes are made during recessions’: Venture capital CEO reveals where he’s looking to invest
As President Donald Trump’s trade tariffs raise expectations of a U.S. recession , one venture capital chief says “bring it on.” The biggest risk for investors right now is uncertainty, according to Mitchell Green, founder and CEO of Leap Edge Capital, which has stakes in several U.S. and international blue-chip companies. But he said this […]
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Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has […]
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Online trading platform Webull soars 375% in second day on market after SPAC merger
Anthony Denier, CEO fo Webull, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. Brendan McDermid | Reuters Shares of Webull soared nearly 375% on Monday, the second day on the market for the stock-trading app, which completed its merger […]
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Stocks making the biggest moves midday: Apple, Alibaba, Palantir Technologies and more
Check out the companies making headlines in midday trading: Apple — The stock added more than 2% as sentiment on tech shares broadly rose Monday. President Donald Trump announced on Friday that several electronic devices and components will be exempt from U.S. tariffs . The policy benefits Apple given that the majority of the iPhone […]
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