Alibaba, Tencent and JD.com ramped up investments in artificial intelligence, cloud infrastructure and overseas expansion in the first quarter, squeezing the companies’ bottom lines

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.

China's Alibaba has reported accelerating AI and cloud revenue growth driven by the AI boom, which has jumped 38% in the January-March quarter compared to the year before.

Tencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw growth, driven by popular titles. Online…

Sources say Alibaba out of DeepSeek deal; Tencent still aiming to invest

Alibaba, Tencent and JD.com ramped up investments in artificial intelligence, cloud infrastructure and overseas expansion in the first quarter, squeezing the companies’ bottom…

Games and advertising still fund the company’s next act, but investors are asking when AI will become more than a spending line.

Heavier spending has wiped the tech giant’s profit and pushed cash flow negative, even as AI demand continues to outstrip supply.