Alibaba Group News - March 27, 2026

Alibaba, ByteDance to Order Huawei AI Chips, Challenging Nvidia’s China Dominance

Alibaba and ByteDance plan to order Huawei’s new 950PR artificial intelligence chip following successful testing. This shift marks a breakthrough for Huawei in...

Moonshot AI Eyes Hong Kong IPO, Seeking $18B Valuation for Kimi Bot

Moonshot AI is exploring an initial public offering in Hong Kong. The Beijing-based developer of the Kimi chatbot held preliminary discussions with China...