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Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development. A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
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Workers in China worry over being replaced as they adapt to the growing impact of AI on jobs

Workers in China worry over being replaced as they adapt to the growing impact of AI on jobs

Artificial intelligence is beginning to reshape China's job market, supported by state policies that some economists believe might undermine the overall strength of its economy
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Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba said on Sunday it plans to sell HK$80 billion ($10.2 billion) in a share placement to fund artificial intelligence-related development.
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Shein's pursuit of an IPO: From New York to London to Hong Kong

Shein's pursuit of an IPO: From New York to London to Hong Kong

Aug 24 (Reuters) - Online fast-fashion retailer Shein launched its long-awaited Hong Kong IPO on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion) at a valuation of close to $27 billion.
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Alibaba Shares Decline 9.8% in Hong Kong Following $10.2 Billion AI Share Sale at Discount

Alibaba Shares Decline 9.8% in Hong Kong Following $10.2 Billion AI Share Sale at Discount

Alibaba Shares Decline 9.8% in Hong Kong Following $10.2 Billion AI Share Sale at Discount
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Taiwan issues indictments over alleged illegal export of AI servers to China

Taiwan issues indictments over alleged illegal export of AI servers to China

By Wen-Yee Lee and Ben Blanchard TAIPEI, Aug 24 (Reuters) - Taiwan prosecutors said on Monday they had indicted nine people, including employees of Nvidia and Super Micro, over involvement in the illegal export of artificial intelligence servers to China.
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Super Micro Computer Stock Drops 7% Following Indictments in Taiwan for Illegal AI Server Exports to China

Super Micro Computer Stock Drops 7% Following Indictments in Taiwan for Illegal AI Server Exports to China

Super Micro Computer Stock Drops 7% Following Indictments in Taiwan for Illegal AI Server Exports to China
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Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

SHANGHAI, Aug 24 (Reuters) - The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors worried about payback from its massive AI spending.
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Chinese humanoid robots smash human records in 100m sprint and high jump at Beijing robot games

Chinese humanoid robots smash human records in 100m sprint and high jump at Beijing robot games

Chinese humanoid robots have set records including beating Usain Bolt's 100-meter sprint record at the World Humanoid Robot Games in Beijing
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Chinese robot beats Usain Bolt's 100m world record at Beijing games

Chinese robot beats Usain Bolt's 100m world record at Beijing games

By Eduardo Baptista and Qiaoyi Li BEIJING, Aug 23 (Reuters) - A Chinese humanoid robot ran 100 metres in 9.39 seconds in a preliminary heat at the World Humanoid Robot Games in Beijing on Saturday, faster than the men's world record held by Jamaican sprinting great Usain Bolt.
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Chinese robots beat Usain Bolt's 100m world record at Beijing games

Chinese robots beat Usain Bolt's 100m world record at Beijing games

By Eduardo Baptista and Qiaoyi Li BEIJING, Aug 23 (Reuters) - A Chinese humanoid robot ran 100 metres in 9.39 seconds in a preliminary heat at the World Humanoid Robot Games in Beijing on Saturday, faster than the men's world record held by Jamaican sprinting great Usain Bolt.