Reported October 15, 'DeepSeek offers user refunds after suffering another major outage' - SCMP
https://www.scmp.com/tech/big-tech/article/3371047/deepseek-offers-user-refunds-after-suffering-another-major-outage
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David Tepper trimmed Alibaba, exited JD.com and PDD, while increasing his Baidu stake in Q2, signaling a more selective approach to China.
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https://www.scmp.com/tech/big-tech/article/3371047/deepseek-offers-user-refunds-after-suffering-another-major-outage
The article compares Alibaba and Coupang as investment opportunities in 2026. Alibaba, despite facing regulatory uncertainty, AI spending pressures, and geopolitical risks, is recommended as the better buy due to its stronger profitability (10.1% net margin), attractive valuation (16.9x forward P/E), and double-digit AI cloud revenue growth. Coupang, while growing faster (14.1% YoY revenue growth), faces record regulatory fines, perjury investigations, and shareholder lawsuits with a thin 0.6% net margin, making it a riskier choice.
Apple is reportedly set to launch limited Apple Intelligence features in China in December after two years of delays.
Michael Burry buys BYD, JD.com and Tencent while shorting Nasdaq. 3 China ETFs offer exposure to his latest market bets.
https://www.theinformation.com/articles/trump-administration-plans-move-ai-testing-agency-officials-white-house
Cloud capital (Suzhou, Anhui) announced significant progress on its 2026 initiatives, including expansion of intelligent computing centers with over 6,000 P capacity expected by year-end. The company has deployed an industrial internet platform connecting 487 enterprises and is building green computing infrastructure while exploring public data monetization to transform Suzhou from a traditional agricultural city into a key computing power hub integrated with the Yangtze River Delta digital economy.