Alibaba (BABA) and China Telecom launched a southern China data centre for AI training and inferencing using 10,000 Alibaba-developed Zhenwu chips, with capacity for models with hundreds of billions of parameters, CNBC reports

Alibaba's launch of a new data center in partnership with China Telecom signals a strategic move in the competitive AI landscape, showcasing their technological advancements with the Zhenwu chips.

Newsquawk StaffPublished 8 Apr 2026, 10:10 UTCOn the live feed at 09:50 UTC — 8 more headlines followed before this page went public

Newsquawk headlinesUTC

09:56

Slovak government will end its diesel fuel export ban, effective Friday, CTK News reports

09:53

Iran Navy told ships that they still need Iran's permission to cross the Strait of Hormuz, WSJ reports

09:50

Alibaba (BABA) and China Telecom launched a southern China data centre for AI training and inferencing using 10,000 Alibaba-developed Zhenwu chips, with capacity for models with hundreds of billions of parameters, CNBC reports

09:47

Maersk (MAERSKB DC) does not think it is responsible for the claims and will handle them in the proper setting

09:46

US VP Vance says there are good developments about Iran; Iranians have agreed to open the Strait of Hormuz

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

The companies said the Shaoguan facility can expand to 100,000 chips and serve sectors including healthcare and advanced materials.

Context

This could enhance their market position in sectors like healthcare and advanced materials, potentially driving future growth and attracting investor interest in BABA. The expansion capability also suggests a proactive approach to meeting increasing demand in AI applications.

All markets · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.