Luz Ding
Energy Transition and Climate Reporter at Bloomberg News
Covering tech for @business, trained by @nytimes, @caixin; @ElliottSchoolGW alum, now @HarvardExt; views own; [email protected]
Articles
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1 week ago |
bloomberg.com | Luz Ding |Yoolim Lee
(Bloomberg) -- Alibaba Group Holding Ltd. will open a second data center in South Korea by the end of June, accelerating its multibillion-dollar bet on artificial intelligence and cloud computing. The new facility is part of a 380 billion yuan ($52.9 billion) investment in AI and cloud infrastructure announced earlier this year, an Alibaba spokesperson said.
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1 week ago |
ca.finance.yahoo.com | Pei Li |Julia Fioretti |Luz Ding
(Bloomberg) -- MiniMax is considering an initial public offering in Hong Kong, people familiar with the situation said, in what would be a landmark industry debut for a Chinese AI startup valued at about $3 billion.
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1 week ago |
sg.finance.yahoo.com | Pei Li |Julia Fioretti |Luz Ding
Pei Li, Julia Fioretti and Luz Ding / Bloomberg Wed, 18 Jun 2025, 4:15 pm 2 min read In this article: Founded in 2021, MiniMax raised US$600 million last year in a financing round that valued it at about US$2.5 billion at the time. MiniMax is considering an initial public offering in Hong Kong, people familiar with the situation said, in what would be a landmark industry debut for a Chinese AI startup valued at about US$3 billion ($3.86 billion).
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1 week ago |
bloomberg.com | Pei Li |Julia Fioretti |Luz Ding
The flags of the Hong Kong Special Administrative Region , left, and Hong Kong Exchanges and Clearing Ltd., right, in Hong Kong. Photographer: Yik Yeung-man/Bloomberg(Bloomberg) -- MiniMax is considering an initial public offering in Hong Kong, people familiar with the situation said, in what would be a landmark industry debut for a Chinese AI startup valued at about $3 billion.
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2 weeks ago |
bloomberg.com | Luz Ding
Online discount shopping platform Temu has signed a cloud service agreement with Oracle Corp as the company attempts to localize more operations in the US. The PDD Holdings Inc. subsidiary, which already uses Google and Microsoft Corp. cloud services, is scaling up its US operations by expanding its local partnerships, the Chinese-owned firm said in a statement. The company did not provide details of the deal.
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