#alibaba

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    ALIBABA AGREES TO $433.5 MILLION SETTLEMENT IN U.S. SHAREHOLDER LAWSUIT OVER ALLEGED MONOPOLISTIC PRACTICES.

    On October 25, 2024, Alibaba Group Holding (9988.HK) announced it would pay $433.5 million to settle a U.S. class-action lawsuit brought by investors who alleged that the Chinese e-commerce giant engaged in monopolistic practices. Although Alibaba denies any wrongdoing, it agreed to the...
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    HORIZON ROBOTICS SEEKS $696 MILLION IN HONG KONG IPO BACKED BY INTEL, ALIBABA, AND BAIDU.

    Horizon Robotics, a leading Chinese company in the autonomous driving sector, is aiming to raise up to $696 million (HK$5.4 billion) through an initial public offering (IPO) on the Hong Kong stock exchange. This would make it one of the largest public offerings in the city this year. Horizon...
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    ALIBABA PARTNERS WITH NVIDIA TO REVOLUTIONIZE AUTONOMOUS EVs IN CHINA

    Alibaba Group Holding (NYSE: BABA) has teamed up with Nvidia Corp (NASDAQ: NVDA) in a strategic collaboration aimed at enhancing autonomous driving capabilities for China's electric vehicle (EV) industry. The partnership focuses on integrating advanced artificial intelligence (AI) technologies...
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    Alibaba Strengthens Market Position with Hong Kong Listing Upgrade

    Alibaba Enhances Listing Status to Tap Mainland Investments: Alibaba Group Holding has announced a strategic upgrade of its Hong Kong stock listing from a secondary to a dual-primary status, effective August 28. This pivotal move enables the company to qualify for the Stock Connect program...
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