Alibaba Group News - June 8, 2026
Alibaba merges AI units into Token Foundry, led by CEO Eddie Wu
Alibaba merged its Tongyi Lab and Future Life Lab to create a new unit called Token Foundry. This division operates under the recently formed Alibaba Token Hub...
Alibaba, Baidu, BYD Added to US Military List, Risking Contract Bans
The U.S. Department of Defense added Alibaba, Baidu, and BYD to its list of Chinese military companies. This designation falls under Section 1260H of the...
Alibaba and Baidu briefly labeled military-linked by Pentagon, hitting shares
The U.S. Department of Defense briefly added Alibaba, BYD, and Baidu to its list of companies with alleged Chinese military ties. The Pentagon published the...
Moonshot AI targets $30B valuation in $1B raise, accelerating China's AI race
Beijing-based Moonshot AI is in early talks to raise between $1 billion and $2 billion. This new funding round would value the Kimi chatbot developer at $30...