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Bearish bets against BlackRock Inc's iShares China Large-Cap Exchange Traded Fund have reached their highest since October 2020.
Chinese cloud giants use live streaming to promote and sell products, leading to a price war for SMEs. Market sees increase in cloud spending and competition among top providers.
Alibaba's stock drops amid US-China tensions and legislative challenges to Chinese biotech firms. In contrast, Alibaba's innovation in AI with its new AI PPT tool by Quark shows a promising advance in practical AI applications, marking a strategic shift in Chinese tech capabilities.
Alibaba appoints new acting CEO for South Asian online retailer Daraz Group as part of management reshuffle, amid challenges and stock market boost.
Alibaba stock drops with broader indexes due to China's economic struggles. Other Chinese stocks also see significant declines. BABA shares down 3.17%.