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According to Gate market data, U.S. stocks closed on Wednesday with the Dow Jones Industrial Average initially rising by 0.36%, the S&P 500 index falling by 0.09%, and the Nasdaq down by 0.4%. SpaceX (SPCX.O) fell by 1%, Microsoft (MSFT.O) fell by 2%, and Oracle (ORCL.N) fell by 4.5%. The Nasdaq China Golden Dragon Index closed down by 1.77%, Alibaba (BABA.N) fell nearly 3%, and Bilibili (BILI.O) rose over 3%.

South Korean memory chip giant SK Hynix plans to raise up to 45 trillion won (approximately 29 billion USD) by issuing American Depositary Receipts (ADRs) in New York, with the related transaction set to start in July. If successful, this financing scale will surpass Alibaba's 25 billion USD IPO in 2014, becoming one of the largest overseas equity financing projects in the history of South Korean companies, and approaching historical records in the global capital market.According to the plan, SK Hynix will first issue shares in South Korea, then deposit the relevant shares into a South Korean securities depository as the underlying securities for the ADRs. South Korean regulators are expected to complete the review by July 3. The raised funds will primarily be used for the construction of the Yongin semiconductor cluster in South Korea and a factory in Indiana, USA, as well as the purchase of EUV extreme ultraviolet lithography equipment to support the expansion of advanced storage capacity related to AI. Citigroup, JPMorgan Chase, Goldman Sachs, and Bank of America have been selected as the lead underwriters.SK Hynix's confidence in this U.S. financing stems from its strong position in the AI industry chain. As a leading company in the global high bandwidth memory (HBM) sector, the company is a core supplier of AI accelerator chips for NVIDIA. Driven by AI demand, its stock price has increased by over 300% this year. CEO Lee Seok-hee stated that the company hopes to leverage the U.S. capital market to enhance its global influence and achieve a valuation level comparable to other AI hardware companies.

According to a report by Cai Lian She, AI company MiniMax (0100.HK) will see the first batch of shares unlocked after its Hong Kong stock listing on July 9, 2026. Before this date, its two core strategic investors, Alibaba and miHoYo, have both expressed their long-term optimism about the general artificial intelligence industry and MiniMax's development prospects, stating they will continue to accompany the company's growth and deepen ecological collaboration in areas such as cloud computing and enterprise services.It is reported that the founding team of MiniMax had previously voluntarily set a lock-up period of 12 months, so this first batch of unlocks does not involve the founding team or employee stock holdings. Public information shows that MiniMax was listed on the Hong Kong Stock Exchange in January this year, with a global user base of approximately 300 million and over 1 million enterprise and developer clients. The company released its new generation flagship model M3 this month and officially launched the IPO counseling process for the A-share Sci-Tech Innovation Board in May.

According to The Information, sources revealed that Tencent has invested in a new AI laboratory founded by Lin Junyang, the former core leader of Alibaba's Tongyi Qwen large model. In Lin Junyang's first round of financing, Tencent invested $20 million, with the total amount raised in the first round reaching several hundred million dollars, and a post-investment valuation of approximately $2 billion. The first round of financing was led by Sequoia China and Gaorong Capital, with both parties investing $100 million each. After completing the first round of transactions, Lin Junyang is already seeking the next round of financing.Before this transaction, Tencent had already invested in several local large model developers in China, including Dark Side of the Moon, MiniMax, and Zhiyu AI, and is currently participating in the latest round of financing for DeepSeek. Lin Junyang left Alibaba in early March this year. Due to disagreements with Alibaba regarding team restructuring, he chose to publicly announce his resignation on the social platform X.

According to Gate market data, U.S. stocks closed on Monday with the Dow Jones Industrial Average initially down 0.16%, the S&P 500 index up 0.29%, and the Nasdaq Composite index up 0.86%. Marvell Technology rose 9.6%, Intel rose 11%, and Micron Technology rose nearly 10%. The Nasdaq China Golden Dragon Index closed down 0.6%, with Alibaba down nearly 1%.

According to Gate market data, U.S. stocks closed higher on Tuesday, with the Dow Jones Industrial Average initially rising by 0.45%, the S&P 500 index up by 0.1%, and the Nasdaq slightly up. Microsoft (MSFT.O) fell by 4%, Google (GOOG.O) dropped nearly 4%, and Marvell Technology (MRVL.O) surged by 32%. The Nasdaq Golden Dragon China Index closed up by 1.8%, with Alibaba (BABA.N) rising over 4%.

According to Jinshi News, most Chinese concept stocks in the U.S. stock market rose before the market opened, with Li Auto (LI.O) up 7.5%, Alibaba (BABA.N) up 6%, JD.com (JD.O) up 5%, Bilibili (BILI.O) and NIO (NIO.N) up 4%, and Baidu (BIDU.O) up 3%.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average rising 0.58%, the S&P 500 index rising 0.41%, and the Nasdaq Composite Index rising 0.37%. The Nasdaq Golden Dragon China Index fell 2.2%, with popular Chinese concept stocks generally declining: NIO fell 7%, Baidu fell 3%, Beike fell 4%, and Alibaba fell 3%.

According to Gate market data, U.S. stocks closed higher on Thursday, with the Dow Jones Industrial Average initially rising 0.75%, the S&P 500 index up 0.77%, and the Nasdaq Composite index up 0.88%, with the latter two reaching new highs. Nvidia (NVDA.O) rose over 4%, with a market capitalization exceeding $5.7 trillion, setting a new historical high. New stock Cerebras rose 68%, while Qualcomm (QCOM.O) fell 6%. The Nasdaq China Golden Dragon Index closed down 3.3%, with Baidu (BIDU.O) down 4.7% and Alibaba (BABA.N) down 3%.

According to a report by Reuters citing sources, the United States has approved 10 Chinese tech companies, including Alibaba, ByteDance, Tencent, and JD.com, to purchase Nvidia H200 AI chips. Alibaba, Tencent Holdings, and JD.com saw significant intraday gains in Hong Kong stocks due to expectations, but after the related positive news materialized, Tencent has now given back most of its gains, while JD.com remains at a high level.Hyperinsight monitoring shows that on-chain, among the traditional market contracts currently supported by Hyperliquid, BABA (Alibaba mapped contract) is the only option among the relevant targets. This contract surged 11% last night and this morning, then slightly retreated about 4% during the day, currently reported at $140, with a 24-hour trading volume recently surpassing $12 million for the first time. A trader from Hyperliquid preemptively positioned, going long on 2,000 BABA contracts with 10x leverage over the past two days, at an average price of $137, with a position size of about $280,000, currently recording a floating profit of 24.5%.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average fell 0.3%, the S&P 500 rose 0.08%, and the Nasdaq Composite rose 0.23%. Alibaba (BABA.N) opened down 1.7% after the earnings announcement; AI chip stocks performed strongly, with Qualcomm (QCOM.O) and Intel (INTC.O) both rising about 3%, and Nvidia (NVDA.O) rising 1.9%.

Alibaba (09988.HK) mentioned in its financial report that it is continuously expanding the boundaries of AI capabilities through deep innovation. Recently, by launching a series of brand new large language models and multimodal models, we have made significant progress in model intelligence. In March, we released Qwen3.6-Plus, achieving a remarkable overall performance improvement, particularly excelling in programming and agent programming, becoming an industry benchmark in front-end web development and complex warehouse-level tasks.Qwen3.6-Plus also possesses stronger multimodal perception and reasoning capabilities, with a native context window length supporting up to 1 million tokens, further enhancing stability and reliability. In addition to the Qianwen model family, we are also continuously enriching our specialized model layout, including the world model HappyOyster that supports real-time creation and interaction, as well as the multimodal model HappyHorse for video generation, both of which are currently undergoing gray testing.

According to Jinshi reports, after the earnings report was released, Alibaba (BABA.N) saw a brief decline in pre-market trading before rising, with the current increase reaching 2.3%.

According to the Daily Economic News, DeepSeek is rarely launching a massive financing plan, simultaneously attracting two major companies, Tencent and Alibaba. Previously, there were media reports that Alibaba and DeepSeek had a breakdown in negotiations. In response, an insider revealed exclusively to reporters on May 9 that Alibaba should not have been in negotiations.

DeepSeek's financing negotiations with Alibaba have broken down. DeepSeek launched a massive financing round, attracting major companies like Tencent and Alibaba to participate, but the two sides ultimately failed to reach an agreement. The core conflict lies in Alibaba's desire to strengthen its AI ecosystem through investment, while DeepSeek, as an independent model company, insists on minimizing binding terms and maintaining technological independence, unwilling to accept excessive ecosystem ties.DeepSeek founder Liang Wenfeng has long rejected external equity financing. Although this time he has opened the door for the first time, his bottom line remains unchanged, with the most emphasis on offers with "the least additional conditions." DeepSeek's current financing round is valued at approximately 300 billion RMB (about 45 billion USD), with the fundraising focus on supplementing computing power and R&D funds, while also providing a market valuation anchor for employees to retain talent. Tencent had proposed to subscribe for up to 20% of the shares, but this was politely declined by DeepSeek as they did not want to relinquish a large proportion of control. Ultimately, the China National Investment Fund and others may lead the investment, with relatively loose terms that align more closely with DeepSeek's technological idealism.

According to Gate market data, U.S. stocks closed with the Dow Jones Industrial Average initially up 1.62%, the S&P 500 index up 1.02%, and the Nasdaq Composite index up 0.89%. Alphabet (GOOG.O) rose 9.95%, reaching a historical high; Qualcomm (QCOM.O) increased by more than 15%. The Nasdaq Golden Dragon China Index rose 2.1%, and Alibaba (BABA.N) increased by more than 1%.

According to Gate market data, U.S. stocks closed on Monday with the Dow Jones Industrial Average initially down 0.1%, the S&P 500 index up 0.1%, and the Nasdaq up 0.2%. Nvidia (NVDA.O) rose 4% and reached a record high, closing with a market value of $5.2 trillion. SanDisk (SNDK.O) rose 8%, while Arm (ARM.O) fell 8%. The Nasdaq China Golden Dragon Index closed down 1.1%, with Alibaba (BABA.N) down 2.4%.

According to Jinshi reports, Alibaba Cloud has officially launched the enterprise-level intelligent agent construction platform ------ JVS Crew. JVS Crew is designed with the concept of "being integrated," allowing enterprises to quickly embed it into existing apps, SaaS services, or smart hardware, gaining production-level AIAgent construction capabilities with zero barriers.80% of platform-level heavy lifting, such as multi-tenant isolation, security compliance, cost accounting, and channel access, is unified by JVS Crew. With built-in atomic APIs and SDKs, intelligent agent capabilities can be rapidly developed on existing products, achieving the leap from "individual shrimp farming" to "mass production of lobsters." Currently, JVS Crew has been launched on the Alibaba Cloud official website, where enterprise users and developers can learn about product details and apply for testing.

According to The Information, Tencent and Alibaba are in negotiations to invest in DeepSeek, which has a valuation of over $20 billion.

The 0G Foundation announced a partnership with Alibaba Cloud to launch on-chain access to the Qianwen large model for AI agents.This move shifts artificial intelligence infrastructure from centralized, API-based systems to programmable, tokenized access specifically designed for autonomous agents. Through this collaboration, 0G allows developers to directly embed access to Qianwen into their infrastructure via a token-based mechanism. This eliminates the need for traditional account management and enables on-demand programmable access to AI computation. Agents running on 0G can query the Qianwen large model to generate responses, process information, or execute tasks in real-time.Michael Heinrich, CEO and co-founder of 0G Labs, stated, "From a macro perspective, inference runs on Qianwen, and verification runs on 0G—this builds a more complete computational and trust foundation for autonomous AI systems. The integration of 0G with Alibaba Cloud's Qianwen marks a milestone, achieving the fusion of top-tier intelligence and trusted infrastructure."