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America can’t win by targeting Alibaba

Financial Express Bengaluru

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November 21, 2025

IT WAS SUPPOSED to be a good week for Alibaba Group Holding Ltd. The tech giant released its revamped Qwen app to users in China, with plans to roll out the ChatGPT-like tool internationally later on.

- CATHERINE THORBECKE

The company’s family of artificial intelligence (AI) models have proven extremely popular with global developers, but the release of the all-in-one app signalled its boldest push yet into the consumer market. The new Qwen platform goes beyond conversational AI, the company said, and can generate a full research report or produce a PowerPoint presentation in seconds. For now, Alibaba is offering it up for free—a move that could potentially pose a threat to Silicon Valley leader Open AI, which reportedly earns 70% of its annual revenue from consumers using ChatGPT.

But that news was largely overshadowed by a Financial Times report alleging Alibaba provides tech support for Chinese military operations according to a White House memo shared with the news outlet. The company has denied the claims as completely false and questioned the motivation behind the anonymous leak.

FLERE HISTORIER FRA Financial Express Bengaluru

Financial Express Bengaluru

Corporate leaders hail Bengal’s biz climate, pledge huge investments

TOP INDUSTRY LEADERS on Thursday lauded the Mamata Banerjee-led West Bengal government for maintaining a “favourable” business climate, as several companies announced expansion and fresh investment plans during a conclave here.

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More pressure likely for GIC Re

THE REDUCTION IN capital requirements for foreign reinsurance branches (FRBs) under the latest Insurance Amendment Bill is expected to attract more overseas players into the ₹98,000-crore domestic reinsurance market.

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1 mins

December 19, 2025

Financial Express Bengaluru

Oman FTA to boost capital flow

TRADE EXPERTS SAID the significance of the deal is more than what the current trade suggests, as it would help strengthen New Delhi’s economic and geopolitical presence at the mouth of the Gulf.

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Financial Express Bengaluru

Securities market Bill in LS

UNDERTHE BILL, the strength of the Sebi board will increase from nine to 15 members. The Code also provides a framework for inter-regulatory coordina- tion, including for the listing of non-traditional securities, and introduces regulatory sand- boxes to facilitate innovation in financial products, contracts and services. In addition, Sebi will be mandated to follow a transparent and consultative process while issuing subordi- nate legislation, conduct peri- odic reviews of regulations, and carry out regulatory impact assessments.

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2 mins

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Financial Express Bengaluru

Ola founder sells another 28.3 million shares; stock hits new low

OLA ELECTRIC FOUNDER

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1 min

December 19, 2025

Financial Express Bengaluru

Oman FTA to facilitate easier flow of capital, professionals

ALMOST ALL EXPORTS from India to Oman will be at zero duty after the trade agreement signed on Thursday between the two countries comes into force by March, with farm goods, textiles, engineering, electronics, chemicals and auto sectors among the major beneficiaries.

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1 min

December 19, 2025

Financial Express Bengaluru

Firms can have 50% of Indian staff in Oman

BIZ VISITORS PERMITTED TO STAY UPTO 90 DAYS

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1 mins

December 19, 2025

Financial Express Bengaluru

ECB registrations at two-year low

ACTIVITY SLOWS

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1 mins

December 19, 2025

Financial Express Bengaluru

AMC stocks rise on higher cap for brokerage fees

HAILING SEBI MOVE

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2 mins

December 19, 2025

Financial Express Bengaluru

Investor wealth growth in 2025 slowest in seven years

AFTER BACK-TO-BACK GAINS

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1 min

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