Category

Alibaba

Alibaba’s Qwen app launches $420 million Spring Festival campaign to promote AI-powered consumer experiences Alibaba

Alibaba’s Qwen app launches $420 million Spring Festival campaign to promote AI-powered consumer experiences

On Monday, Alibaba’s Qwen app announced the launch of a RMB 3 billion ($420 million) Spring Festival Treat Plan, offering massive free-order promotions to invite users nationwide to experience new AI-powered lifestyles during the Spring Festival. The program will go live on February 6, spanning multiple businesses across Alibaba’s ecosystem,…
bubmag
February 3, 2026
China Grants Approval for Nvidia H200 Chip Purchases by Tech Firms Alibaba

China Grants Approval for Nvidia H200 Chip Purchases by Tech Firms

TLDR China grants approval to ByteDance, Alibaba, and Tencent to purchase over 400,000 Nvidia H200 chips. Approval comes with conditions that may slow down purchases, including restrictions and requirements for domestic chips. The H200 chip outperforms Nvidia’s previous model, the H20, by six times in terms of performance. Chinese authorities…
bubmag
January 28, 2026
Nvidia (NVDA) Stock: China Approves H200 Chip Sales to ByteDance, Alibaba, Tencent Alibaba

Nvidia (NVDA) Stock: China Approves H200 Chip Sales to ByteDance, Alibaba, Tencent

TLDR China approved ByteDance, Alibaba, and Tencent to purchase over 400,000 Nvidia H200 AI chips combined The approvals came during Nvidia CEO Jensen Huang’s visit to China this week Beijing is attaching conditions to the approvals, which sources say are still being decided One source claims the licenses are too…
bubmag
January 28, 2026