Alibaba showcase its AI technology application achievements from Alibaba Cloud at the World Artificial Intelligence Conference in Shanghai, China on July 26, 2025.Alibaba delivered better than expected revenue in its fiscal second quarter as sales in its key cloud computing division accelerated.Here's how the company did in its fiscal second quarter ended Sept. 30 versus LSEG estimates:Revenue: 247.8 billion Chinese yuan ($34.8 billion) versus 242.65 billion yuan.Revenue rose 5% year-on-year.Investors are f ...

The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the notable rebound seen during last Friday's session.Traders may continue to look to pick up stocks at relatively reduced levels, as the jump seen in the previous session only partly offset the steep drop seen earlier in the week.Concerns about valuations and the outlook for interest rates weighed on the for much of last week, dragging the Nasdaq and the S&P 500 down to their lowest closing levels ...

The company's Qwen app notched more than 10 million downloads within the first week, highlighting strong demand for consumer-driven AI. ...

Alibaba Group Holdings' (NYSE:BABA) newly revamped Qwen app is off to a blistering start, crossing 10 million downloads in its first week.Qwen's Breakout Launch Sends Alibaba Shares HigherOn Monday, Alibaba Group's social media handle of X, formerly Twitter, shared that its Qwen app surpassed 10 million downloads within seven days of its public beta launch.After the company disclosed the milestone, its Hong Kong–listed shares climbed more than 5%.The surge follows Alibaba's decision to unify and rebrand its ...