PRE-MARKET CHINESE STOCKS NEWS: Alibaba (9988 HK) unveiled a USD 432mln campaign to push mass-market adoption of its AI

Alibaba's $432 million campaign to accelerate mass-market adoption of its AI technology underscores its strategic push against increasing competition from Tencent and Baidu.

Newsquawk StaffPublished 3 Feb 2026, 01:29 UTCOn the live feed at 01:09 UTC — 4 more headlines followed before this page went public

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01:09

PRE-MARKET CHINESE STOCKS NEWS: Alibaba (9988 HK) unveiled a USD 432mln campaign to push mass-market adoption of its AI

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Kyocera (6971 JT) is to sell JPY 250bln of KDDI (9433 JT) shares during FY27, while it is to buy back up to JPY 500bln of shares in FY27/FY28

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Alibaba (9988 HK) - Co. unveiled a USD 432mln campaign to push mass-market adoption of its AI, as rivalry with Tencent (700 HK), Baidu (9888 HK) and ByteDance intensifies. (SCMP)

CSPC Pharmaceutical (1093 HK) - Co. announced its clevidipine injectable emulsion was approved by China’s NMPA. (IRAsia)

Wuxi Lead Intelligent Equipment Co Ltd (300450 CH) - Co. seeks to raise up to HKD 4.3bln in a Hong Kong listing. (Newswires)

Other News

Chinese Premier Li is urging the active use of AI across manufacturing, according to state media. (Newswires)

Shanghai launched a substantial purchase of existing homes for affordable rental housing. (Newswires)

US President Trump launched a USD 12bln mineral stockpile to counter China. (Newswires)

Context

This move not only enhances Alibaba's market positioning in Asia but also fuels broader interest in AI investments across the region, likely impacting equities tied to tech and innovation sectors.

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