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Alibaba Cuts Stake In Chinese EV Giant XPeng, Citing Capital Management Goals - Alibaba Gr Holding (NYSE:BABA), XPeng (NYSE:XPEV)

The U.S.-traded shares of XPeng Inc. (NYSE: XPEV) experienced a notable decline on Friday, following Alibaba Group Holding Limited's (NYSE: BABA) announcement to reduce its stake 
United States Xpeng Inc Alibaba Group Holding Limited Taobao China Holding Ltd Alibaba Rival Temu Takes Shein To Court What Does This Mean

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Chinese AI startup 01.AI looks to raise $200 million -sources

BEIJING/HONG KONG (Reuters) -Beijing-based AI startup 01.AI is raising up to $200 million in fresh capital, two sources familiar with the matter said, building on a valuation of $1 billion reached last month on the back of surging global interest in open-source AI models. It is one of several Chinese startups that opened, or plan to open, to public use their large language models (LLM), alongside larger firms Meta and Alibaba in a scramble to gain users and catch up with market leader OpenAI. On
Hong Kong Yelin Mo Kane Wu Brenda Goh Jingren Zhou Lee Kai Fu
Source: aol.com

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