China tech giant Tencent sees Q1 profit jump after AI betsTencent reported a 21% surge in quarterly net profit, reaching 58.1 billion yuan, driven by significant investments in the booming artifici...
13 May, 2026, 03.24 PM IST
Alibaba quarterly revenue rises on cloud demand, ecommerce growthAlibaba's revenue climbed 3% driven by strong cloud and AI growth, with its China e-commerce unit boosted by government subsidies. Despite ...
13 May, 2026, 03.16 PM IST
Huawei posts slower annual revenue growth of 2.2%Huawei's 2025 revenue grew 2.2 percent to 880.9 billion yuan. This growth was supported by its core network infrastructure and consumer dev...
31 Mar, 2026, 06.52 PM IST
Zhipu accelerates pivot to domestic chips amid AI boom in ChinaChinese AI firm Zhipu AI is boosting its use of local chips amid soaring computing needs. The company reported strong revenue growth for 20...
31 Mar, 2026, 06.31 PM IST
China's Zhipu posts 132% rise in annual revenue on AI boomZhipu AI reported revenue growth of 131.9% for 2025 on Tuesday, in its first results update since raising HK$4.35 billion ($554.9 million) ...
31 Mar, 2026, 05.53 PM IST
China's Alibaba targets $100B in AI and cloud revenue over 5 yearsChinese tech giant Alibaba plans to earn over 100 billion dollars from its artificial intelligence and cloud businesses in the next five ye...
19 Mar, 2026, 09.02 PM IST
Alibaba pins hopes on AI as quarterly net profit dropsNet profit plunged 66% to 15.6 billion yuan ($2.2 billion) primarily due to a "decrease in income from operations", the firm said. China's ...
19 Mar, 2026, 04.29 PM IST
China tech giant Tencent logs 16% jump in annual net profitChinese internet giant Tencent on Wednesday reported a 16 percent jump in full-year net profit, with gaming still its main business driver ...
18 Mar, 2026, 03.10 PM IST
Alibaba's cloud business revenue soars 34% driven by AI boomChina's Alibaba Group posted a 34% jump in revenue from its cloud business in its most recent quarter, buoyed by the boom in artificial int...
25 Nov, 2025, 10.17 PM IST
Alibaba stock surges as AI-powered cloud revenue beats Wall Street estimates and lifts BABA share price outlook — Is BABA a Buy?Alibaba Group Holding Ltd. (NYSE: BABA) climbed sharply after reporting quarterly revenue that exceeded Wall Street expectations. The stock...
25 Nov, 2025, 05.57 PM IST
Alibaba misses revenue estimates, but AI boosts cloud businessAlibaba posted 26% cloud revenue growth to 33.4 billion yuan, fueled by heavy AI investment, even as weaker ecommerce sales dragged overall...
29 Aug, 2025, 07.31 PM IST
Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market valueAlibaba's concerns over the US export curbs announced by Washington in October come on the heels of similar worries raised this week by Chi...
17 Nov, 2023, 04.48 PM IST
Alibaba scraps cloud business spin-off citing US chip curbsThe U.S. decision last month to ban the export to China of more chips used in artificial intelligence (AI) has created major uncertainties ...
16 Nov, 2023, 08.25 PM IST
How Alibaba's six main new business units stack upAlibaba Group Holding's former CEO, Daniel Zhang, has unexpectedly left the company's cloud computing unit, raising concerns about its spin...
11 Sep, 2023, 03.45 PM IST
Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPOAlibaba's stock fell over 4% in Hong Kong after ex-CEO Daniel Zhang resigned from the company's cloud computing unit. Concerns have arisen ...
11 Sep, 2023, 02.27 PM IST
Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go publicThe company in March announced plans to reshape itself into six business divisions with plans to allow all but its core e-commerce business...
18 May, 2023, 08.25 PM IST
Tencent slashes cloud service prices by up to 40% as price war intensifiesChinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that hav...
17 May, 2023, 03.15 PM IST