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Top Gap Ups and Downs on Friday: NVO, BABA, INFY and More
Alibaba Options Spot-On: On December 20th, 212.6K Contracts Were Traded, With 3.15 Million Open Interest
Investing in Hong Kong, Alibaba has arrived! Alibaba's Entrepreneur Fund has established a 0.15 billion dollar AI Fund.
① Alibaba's Entrepreneur Fund announced the establishment of an AI Fund, amounting to 0.15 billion USD, primarily covering Industries where AI can be deeply applied. ② Almost at the same time, ByteDance founder Zhang Yiming also arrived, and his investment Institutions officially acquired Hong Kong's No. 9 license to start investing in the AI field. ③ This year, Hong Kong ranks eighth among the top ten regions globally in terms of total financing for AI enterprises.
Institutional Owners May Ignore Alibaba Group Holding Limited's (NYSE:BABA) Recent US$11b Market Cap Decline as Longer-term Profits Stay in the Green
On December 19, Alibaba-W (09988.HK) spent 39.99 million USD to repurchase 3.78 million shares.
Gelonghui reported on December 20 that Alibaba-W (09988.HK) announced the repurchase of 3.78 million shares at a cost of 39.99 million USD on December 19.
Guizhou Aviation has formed a strategic cooperation with 1688 to establish a procurement and sourcing platform for the aviation industry.
Sina Technology News, on the afternoon of December 20, reported that recently, Guizhou Zhonghang International Logistics Co., Ltd. (hereinafter referred to as "Guizhou Zhonghang") signed a strategic cooperation agreement with Alibaba 1688 in Hangzhou. According to the agreement, Guizhou Zhonghang will use the 1688 enterprise procurement self-operated mall as the primary online procurement channel, focusing on professional sources in the MRO (industrial supplies that are not production materials) sector. Jiang Yan, the deputy general manager of Guizhou Zhonghang, stated the hope to jointly build a centralized procurement and sourcing platform for the aviation industry with 1688 to improve procurement efficiency, reduce procurement costs, and at the same time promote transparency and compliance in the enterprise procurement process.
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