Alibaba Group

China is reportedly considering permission for ByteDance and Alibaba to purchase new Nvidia chips, according to The News International. The move would affect two of the country's largest technology groups, whose access to advanced American semiconductors has been constrained amid ongoing US-China tensions over chip exports. The report does not confirm that approval has been granted, and Beijing has not commented publicly on the deliberations.

Brooklyn Sports & Entertainment has announced Alibaba Group as an official technology and cloud partner of the Brooklyn Nets. The deal makes the Chinese e-commerce and cloud computing giant a technology partner of the NBA franchise, part of a wider push by Alibaba to expand its cloud business and sports sponsorships internationally. Details on the length and financial terms of the partnership were not disclosed.