Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday. The investment comes after the maker of $600 a pair sneakers abruptly pulled plans for a stock market listing last year.

Stocks rise on bets investors will look for cheaper options after DeepSeek’s popular low-cost AI model sparked a US$1 trillion tech rout.

Blue Pool has bought a 12 per cent stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday.

An investment group backed by Alibaba co-founder Joe Tsai has bought a 12 per cent stake in Golden Goose in a deal that values the Italian luxury sports shoe brand at more than €2.2bn, according to people briefed on the situation.

UBS estimates US$236 billion of fund inflows in 2025 as a result of Beijing’s directive to funds to shore up the capital markets.

Marshall Group sells a majority stake in the guitar amp and headphones maker to Hong Kong venture capital firm HongShan Capital Group for $1.1 billion

Alibaba Group Holding released on Wednesday an upgraded version of its Qwen artificial intelligence (AI) model, which it said "comprehensively outperformed" in certain benchmark tests DeepSeek-V3, the large language model (LLM) launched in December by China's hottest start-up.

Two days after the release of DeepSeek-R1, TikTok owner ByteDance released an update to its flagship AI model, which it claimed outperformed Microsoft-backed OpenAI's o1 in AIME, a benchmark test that measures how well AI models understand and respond to complex instructions.

Today's Research Daily features new research reports on 16 major stocks, including ServiceNow, Inc. (NOW), Alibaba Group Holding Limited (BABA) and Union Pacific Corporation (UNP), as well as a micro-cap stock Natural Health Trends Corp.

Hong Kong stocks rallied on Monday, with the Hang Seng Index gaining over 500 points at one point during the afternoon trading session. The index touched a high of 20,093.65 before closing at 19,925.81,

Alibaba's Joe Tsai discusses the significant geopolitical challenges impacting global markets and business strategies.

The Hong Kong-based family office set up by Joe Tsai, cofounder and chairman of the Alibaba Group, has acquired a 12 percent stake in the Italian company.