Rachel Yeo

Alibaba Group Holding Ltd., Baidu Inc. and Kuaishou Technology are the next big names in tech that will have to address concerns over the mounting financial costs needed to sustain intense AI competition.

Alibaba may strengthen its frontrunner position with Qwen3.8-Max, its biggest ever AI model that claims capabilities on par with US rivals.

(Bloomberg) -- Alibaba Group Holding Ltd., Baidu Inc. and Kuaishou Technology are the next big names in tech that will have to address concerns over the mounting financial costs needed to sustain intense AI competition.

Pony AI Inc.’s robotaxi sales reached a quarterly high, now accounting for a third of total revenue, with overseas momentum continuing to accelerate.

Kuaishou Technology earnings fell the most in five years, hit by higher revenue sharing payouts to creators while artificial intelligence outlays drove spending up by more than a third.

CXMT Corp.’s breakout listing has sparked optimism across the domestic artificial intelligence hardware space, supporting China’s strategic ambitions to challenge the US in AI development.

Chinese optical transceiver maker Eoptolink Technology Inc.’s efforts to stockpile key components to meet booming AI demand and guard against supply constraints sent the value of its inventory 61% higher in the first half.

Chinese container liners are set for an earnings windfall, echoing regional and global peers, as a rush to get ahead of shifting tariffs and persistent shipping disruptions has driven freight rates to a two-year high.

Orient Overseas International Ltd. warned that freight rates may come down as seasonal demand wanes and new container ships enter service, amplifying the pain of higher fuel costs.

Haier Smart Home Co. said it’s seeing increased demand for cooling appliances such as air conditioners from Europe and India, helping it offset sluggish demand at home.