Express News | Alibaba to sell Lingxi Interactive Entertainment to CITIC Capital for over $1.5 billion

According to reports, the buyer for Alibaba’s Lingxi Interactive Entertainment has been confirmed as Trustar Capital, an affiliate of CITIC Capital. The sale price is expected to exceed RMB 1.5 billion (approximately RMB 10.1 billion).

Breakings33minutes ago

Apple Bets on "Dual-Track AI Strategy" in China: Integrating Alibaba's Tongyi Qianwen While Developing Its Own Local Large Language Model

Apple is reshaping its AI strategy in the Chinese market. According to Reuters, Apple has reportedly begun training a dedicated large language model tailored for the Chinese market, with development efforts supported by Alibaba.

Golden10 Data16:14

SK Hynix’s Chey Tae-won: Next Year to See Most Severe “Memory Shortage” as AI Customer Demand Nearly Doubles

① On Thursday, SK hynix Chairman Chey Tae-won described the competition for memory chips as “akin to a war” in an interview, warning that the most severe “memory shortage” will occur next year; ② He also affirmed the importance of its partner NVIDIA in the AI infrastructure boom and refuted external concerns about SK hynix’s excessive reliance on NVIDIA.

cls.cn13:08

Express News | Apple trains its proprietary AI model for the Chinese market with support from Alibaba

Apple has trained an AI model specifically for the Chinese market, with the training reportedly supported by Alibaba. (Reuters)

Breakings12:32

WeChat: The Moments feature will not support post-editing functionality in the present, past, or future.

Today, the official WeChat account "WeChat Pai" published an article titled "Why Is There No Edit Function for Moments?" The article explicitly stated: "Moments will not have a secondary editing feature now, in the past, or in the future."

cls.cn11:14

IMF Deputy Managing Director: What Stablecoins Mean for Emerging Markets

Author: Dan Katz, First Deputy Managing Director of the International Monetary Fund (IMF); Compiled by: Qin Jin The following is the full text of the speech delivered by Dan Katz, First Deputy Managing Director of the International Monetary Fund (IMF), at the University of Cape Town in South Africa on August 7. Good morning. Thank you, Vice-Chancellor, for your kind introduction. I am delighted to be here at the University of Cape Town. While this may be the oldest institution of higher learning in the region, it is also one of the most forward-looking and future-oriented universities, thanks to your Financial Innovation Hub. As new technologies reshape

Jinse Finance08:49