China’s three state-owned telecoms giants have made billable artificial intelligence tokens a key focus of their growth strategies, as AI…
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Alibaba’s AI cloud growth surge drives earnings despite soaring tech spending
Alibaba Group Holding on Thursday reported revenue growth of 45 per cent for its cloud and artificial intelligence division in…
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AI demand drives triple-digit profit growth for Chinese chip foundries SMIC, Hua Hong
China’s top two contract chipmakers, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Grace Semiconductor, saw their profits surge by…
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China’s AI models spooked Wall Street. But they may turbocharge industry growth
Breakthroughs in cheap Chinese open-weight artificial intelligence models have spooked US investors, but analysts argue plummeting model costs will benefit…
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Growth agenda: Hong Kong vows stronger exchange with reforms, bond futures and gold push
Hong Kong is pressing ahead with an overhaul of listing rules and the launch of new product initiatives, the city’s…
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‘Cash is king’: Hong Kong, mainland Chinese firms hoard reserves as growth options narrow
More companies and conglomerates in Hong Kong and mainland China are hoarding cash on their balance sheets – following the…
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Alibaba signals next phase of AI growth from investment to commercialisation
Alibaba Group Holding’s heavy investments in artificial intelligence have moved beyond the “initial” phase and entered “full-scale commercialisation”, the Chinese…
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Chinese foundries SMIC, Hua Hong forecast second-quarter growth amid AI boom
China’s leading semiconductor foundries, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, expect their second-quarter sales to rise amid…
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AI | Tencent misses first-quarter revenue estimates, bets on AI for new growth
Facing scrutiny and persistent questions over its track record in artificial intelligence, Tencent Holdings’ co-founder and CEO Pony Ma Huateng…
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Alibaba cloud growth forecast to accelerate with AI push, higher service charges: analysts
Alibaba Group Holding’s cloud and artificial intelligence unit is expected to remain a prime engine for the March quarter, with…
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