Alibaba Group erupts in AI/cloud demand buzz as China tech giant revisits cloud growth; founded 1999 in Hangzhou by Ma and collaborators.
German Chancellor Friedrich Merz traveled to China for a two-day visit, aiming to balance economic ties and strategic interests. He discussed trade, China's role in global conflicts, and Europe's need for independence from US and Chinese influence, amid ongoing tensions over trade imbalance and geopolitical issues.
European Parliament members visited China to discuss safety concerns over Chinese e-commerce platforms and the high volume of unsafe products entering the EU. The trip follows the EU's recent overhaul of customs rules targeting illegal goods, especially from China, to improve market access and consumer protection.
UK Biobank has identified listings of de-identified health and genetic records for its 500,000 volunteers on Alibaba platforms. The charity has paused access to its research system, revoked credentials for three Chinese research institutions, worked with Chinese authorities to remove listings, and has referred the incident to the Information Commissioner.
Nvidia has reported $58.32 billion in profit and $81.62 billion in revenue for the February–April quarter, beating analysts’ expectations. The company has projected about $91 billion in revenue for the current quarter, while preparing a $80 billion stock buyback and boosting its dividend. Shares traded modestly after hours, with investors weighing a possible cooldown after years of AI-driven growth.