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

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

Tencent plans to significantly boost AI infrastructure spending in the second half of 2026, as Chinese chipmakers ramp up domestic AI chip production. The company also posted…

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.