Alibaba Group News - August 1, 2026

Alibaba Chairman Joe Tsai announces divorce, will retain shares and leadership

Alibaba Chairman Joe Tsai and Clara Wu Tsai are divorcing after nearly 30 years of marriage. A spokesperson confirmed the decision is mutual and amicable. The...

Alibaba's 20,000-Chip Cloud Deal Cements Its AI Kingmaker Role in China — But Can It Turn Computing Power Into Lasting Profit?

Shares of Alibaba surged 3.6% to $120.55 after Bloomberg reported that Chinese AI startup Moonshot secured access to roughly 20,000 Nvidia chips through...