China fines Trip.com $765 million in antitrust case
Why it matters: The penalty targets practices regulators said blocked hotels from listing freely on rival platforms and setting their own prices.
Subject
#Alibaba
US weighs China sanctions over alleged AI model distillation
What's next: Treasury Secretary Scott Bessent is expected to join U.S.-China AI talks in September as scrutiny of Chinese open-weight models grows.
Bloomberg, CNBC +1
Moonshot AI’s Kimi K3 jolts China AI stocks after benchmark gains
What's new: The 2.8 trillion-parameter model topped an AI coding leaderboard, while shares of Z.ai fell 28% and Alibaba slid 4%.
The New York Times, The Hill
SK hynix jumps on Wall Street after record $26.5 billion US listing
What's new: The South Korean chipmaker topped Alibaba's foreign IPO record as investors piled into an AI-linked semiconductor play.
Anthropic accused Alibaba of 28.8 million AI model extraction attempts
Why it matters: Anthropic told the Senate the activity used about 25,000 fraudulent accounts and could sharpen Washington's push for tighter AI controls.
Bloomberg, CNBC
Alibaba sued Pentagon over blacklist tied to China military claims
What's next: A June 30 contracting ban could cut off Alibaba's US advisers and lobbyists if it stays on the 1260H list.
The New York Times, Bloomberg +2
Tencent weighs sale of Marvelous and other Japan game stakes
Why it matters: The review reflects pressure to trim weaker bets as Tencent spends more to keep pace in AI.
Tencent tests Xiaowei AI assistant inside WeChat in China
Why it matters: WeChat and Weixin reach more than 1.4 billion monthly users, giving Tencent a huge base for AI services.
China moves to curb delivery price wars, orders Lalamove changes
What's new: Draft rules would bar platforms from pushing subsidy costs onto merchants and drivers; comments run through July 17.
US adds Alibaba, Baidu, BYD and NIO to Pentagon blacklist
Why it matters: The designation can bar direct Pentagon contracts and tighten third-party purchasing limits starting in 2027.
Alibaba, JD.com fall after China rebukes 618 discount promotions
What's new: Beijing regulators also targeted PDD, ByteDance and Xiaohongshu over alleged false advertising during the midyear shopping festival.
Alibaba bids $1.5 billion for Pupu in China grocery delivery fight
Why it matters: The offer tops a $600 million bid from Sun Art and could intensify antitrust scrutiny as Meituan also pushes deeper into groceries.
Singapore AI pay jumps 15%-25%, with new grads earning up to S$90,000
Why it matters: Employers are struggling to fill AI roles as OpenAI, Anthropic and Alibaba expand hiring in Singapore.