Alibaba Group erupts in AI/cloud demand buzz as China tech giant revisits cloud growth; founded 1999 in Hangzhou by Ma and collaborators.
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.
The Pentagon has updated its annual 1260H list and has added 188 Chinese entities, including Alibaba, Baidu and BYD, and reinstated memory chipmakers CXMT and YMTC. Beijing has protested and several listed companies have rejected the designations. The change will bar the Defense Department from direct contracts with listed firms this month and from third‑party purchases from 2027.
The Pentagon has added major Chinese firms such as BYD, Alibaba and Baidu to a sanctions list over alleged ties to China’s military. Beijing condemns the move as unfair and vows retaliation; the update follows a high-stakes meeting between Presidents Trump and Xi and could affect 2027 procurement rules.
China has added 10 U.S. companies, including rare‑earth producers MP Materials and USA Rare Earth, to an export control list and has barred government procurement from 46 U.S. firms. Beijing says the move responds to a recent Pentagon blacklist and aims to protect national security; officials have ordered immediate suspension of ongoing exports of Chinese dual‑use goods to the named firms.