August 1, 2025

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Alibaba’s finance chief voices confidence in China’s AI boom and consumer market

  • July 30, 2025

Alibaba Group Holding’s chief financial officer Toby Xu Hong reiterated the company’s confidence in China’s growing artificial intelligence sector and the consumer market’s resilience in an interview with state news agency Xinhua, as he highlighted the tech giant’s significant investments in AI research, infrastructure, and on-demand delivery. Xu said Alibaba had earmarked 380 billion yuan

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Investment

Tencent’s AI investment to drive long-term growth, analysts say, amid DeepSeek integration

  • March 20, 2025

Tencent Holdings is poised for “long-term growth” from its aggressive spending on artificial intelligence (AI) as China’s most valuable tech giant aligns its future with DeepSeek and in-house models, according to analysts. Tencent chairman and CEO Pony Ma Huateng said on Wednesday that he had talked with Liang Wenfeng, the founder of DeepSeek, and “admires”

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