Alibaba

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For much of this year, China’s three food delivery giants waged an aggressive subsidy war, pouring billions into deep discounts and seasonal promotions to seize market share and lure delivery riders.  But last week, all three companies — Meituan, Ele.me (now Taobao Flash), and JD.com — disclosed steep third-quarter losses,…

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Heavy subsidy spending in China’s food-delivery battle led Meituan to report a 19.8 billion yuan ($2.7 billion) operating loss in the third quarter of 2025, its largest since listing. Alibaba’s operating profit fell from 35.2 billion yuan to 5.4 billion yuan ($4.9 billion to $0.75 billion), while JD.com recorded a…

Alibaba and ByteDance are among the companies routing training jobs for their latest large language models to data centers in countries such as Singapore and Malaysia, according to The Financial Times, citing people with direct knowledge of the deployments. These sources say there has been a steady shift toward offshore...Read…

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Airbnb CEO Brian Chesky disclosed in October 2025 that the company relies heavily on Alibaba’s Qwen, calling it “very good, fast and cheap” 16-24% of US AI startups now use Chinese open-source models according to a16z data, representing 80% of startups deploying open-source solutions. Qwen won Alpha Arena trading competition…

Market chop aside, Wall Street is rolling out Bitcoin (BTC) exposure to advisors through structured notes and ETF-collateralized lending. The bank simultaneously faces debanking blowback after Strike CEO Jack Mallers said his personal Chase accounts were shut. The juxtaposition spotlights institutionalization for clients versus risk-control for crypto-native principals. On one…

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