The cloud unit is Alibaba's second-biggest money spinner, valued at $41 billion to $60 billion ahead of an IPO planned for next year

Deals worth billions in a range of tech sectors were detailed at a business summit on Monday that coincided with President Joe Biden's trip to Hanoi

Senior executives from chipmakers including Intel, GlobalFoundries, Amkor and Marvell are expected to attend a business meeting on Monday in Hanoi

Guterres warned of fragmentation "in world economic and financial systems" amid differing views on technology and security; he also urged solutions for poor nations' debt and climate change

Domestic big tech rivals including Baidu Inc and SenseTime Group released their AI chatbots last week

China's leading online search provider was among five outfits allowed to release their AI bots to the public, sending tech shares upwards

Asian markets surge, with Hang Seng climbing 2% and the Nikkei rising by 0.9%, while investors wait for Fed chief's speech at Jackson Hole on Friday

The more than 300-page document mentioned "PRC" 130 times and "China" 222 times, as it outlined risks and uncertainties emanating from the ongoing chip war between Beijing and the West

US President wants to visit to Hanoi in mid-September to sign a strategic partnership pact with Vietnam to bolster economic and security ties, sources say

Beijing "resolutely opposes" the US restrictions, after the Biden administration explains the 'narrow subsets' of its move and likely outcomes for various sectors in 2024, when the new rules will start

Chinese tech giants Baidu, Tencent, Alibaba and Bytedance have placed orders worth $5 billion with Nvidia for its top AI chips and GPUs, but it is unclear if these items will be affected by the latest White House order

The US is expected to target private equity, venture capital and joint venture investments in China in chips, quantum computing and AI; firms will have to report that activity, sources say