The Buzz■Alibaba's cloud revenue jumped 34% year-over-year to 39.8 billion yuan, beating estimates according to CNBC earnings coverage■AI-related products achieved triple-digit growth for the ninth consecutive quarter■Company's Qwen ChatGPT rival hit 10 million downloads in its first week■Shares rose...
Tencent just delivered a knockout quarter that has Wall Street taking notice. The Chinese tech powerhouse posted 15% year-over-year revenue growth to $27.12 billion, crushing analyst expectations as artificial intelligence turbocharged its advertising targeting and gaming operations. With shares...
Chinese autonomous driving company Pony.ai stumbled in its Hong Kong trading debut Thursday, with shares plunging 14% despite raising HK$6.71 billion ($860 million) in what was positioned as a strategic dual listing. The drop signals growing investor wariness about...
