UB#ALIBARC2606A(67724.HK)

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UB#ALIBARC2606A

67724.HK

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Node-based design tool Flora raises $42M from Redpoint Ventures

Flora, a design tool utilized by major companies like Alibaba and Lionsgate, has raised $42 million in Series A funding led by Redpoint Ventures. The tool leverages generative AI to enhance design workflows, allowing users to create media assets through prompts and multimodal inputs. CEO Weber Wong emphasizes the need for a new creative interface to streamline the design process. With plans to expand its enterprise capabilities and improve user education, Flora aims to democratize design and cater to both creatives and business users. The startup currently employs 25 people and plans to grow significantly.

TechCrunch·19 Minutes ago

TechCrunch·19 Minutes ago

Why Is Alibaba Stock (BABA) Up Today?

Alibaba's stock (BABA) is up in premarket trading following the announcement of its new AI model, Qwen3-Max-Thinking, which outperformed competitors like Google's Gemini and OpenAI across 19 benchmarks. The model's improvements stem from enhanced computing power and the ability to utilize tools for better accuracy and reasoning. Alibaba Cloud's revenue grew 34% year-over-year, indicating a shift away from reliance on its retail business. Analysts rate BABA as a Strong Buy, with a price target suggesting an 18.51% upside potential.

Tip Ranks·4 Hours ago

Tip Ranks·4 Hours ago

The Market Review: Hang Seng Index "Five Consecutive Increases" Reaches Above 27,000; China Life and Zijin Systems Surge

The Hang Seng Index rose for five consecutive trading days, closing at 27,126 points, driven by financial and technology stocks. The market is focused on the performance of the U.S. stock market and the Federal Reserve's interest rate decision. Profits of China's industrial enterprises increased by 5.3% year-on-year. Technology stocks such as Tencent and Alibaba performed strongly, rising nearly 1.3% and 2.8%, respectively. The total market turnover was HKD 254.373 billion, with a net outflow of HKD 635 million from northbound trading

AASTOCKS·5 Hours ago

The total short selling in the Hong Kong stock market for the day was HKD 29.21 billion, accounting for 15.2% of the turnover of shortable stocks

The total short selling amount in the Hong Kong stock market for the day was HKD 29.21 billion, accounting for 15.2% of the available short sellable shares. The previous day was 16.4%. The main shorted stocks include: HSCEI ETF short selling ratio 9.7%, amount HKD 1.18 billion; CSOP HS TECH short selling ratio 16%, amount HKD 930 million; PING AN short selling ratio 34.2%, amount HKD 900 million; TRACKER FUND short selling ratio 8.1%, amount HKD 780 million; Alibaba-W short selling ratio 7.2%, amount HKD 730 million

AASTOCKS·5 Hours ago

"Hong Kong Stocks" The Hang Seng Index closed up 361 points, with HSBC, AIA, and Alibaba leading the rise as AI stocks surged

The Hong Kong stock market performed strongly, with the Hang Seng Index rising by 361 points to close at 27,126 points, and the National Index and Hang Seng Tech Index also saw increases. Financial stocks led the gains, with HSBC and AIA showing significant increases. AI-related stocks rose due to the release of new models, with KNOWLEDGE ATLAS and INSILICO both increasing by over 7%. The total turnover reached HKD 254.373 billion

AASTOCKS·5 Hours ago