China's Markets Still Manage To Get Nvidia AI Chips Via Smuggling: Report [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
Smaller Chinese cloud providers are renting Nvidia AI servers at $6 an hour versus the $10 an hour charged by their U.S. counterparts despite the U.S. semiconductor sanctions, the Financial Times reports It signals that Chinese tech giants remain heavily invested in their AI ambitions despite the export controls. The discounts reflect the vast availability of the banned A100 and H100 chips, advertised for sale on Chinese social media and e-commerce sites like Alibaba Group Holding's (NYSE: BABA ) Taobao and in electronics markets at a slight premium, as per FT. The black market also highlights China's cheaper labor and resources, allowing smaller vendors to remain competitive despite illegally sourcing components. FT noted that Alibaba and ByteDance charge twice to fourfold the price of smaller local vendors due to stricter regulatory compliance. Recent reports claimed Alibaba, Tencent Holding (OTC: TCEHY ), and Baidu Inc (NASDAQ: BIDU ) spent 50 billion Chinese Yuan ($7 bi
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- US Crackdown on Cheap Chinese Goods Adds to Temu and Shein Woes [Yahoo! Finance Canada]Yahoo! Finance Canada
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- BABA's page on the SEC website