JD YTD: +9%
Baidu YTD: -10%
Baba YTD: -10%
PDD YTD: -15%
NetEase YTD: -17%
Meituan YYD: -20%
KWEB YTD: -21%
Xiaomi YTD: -26%
Tencent YTD: -28%
Bilibili YTD: -30%
Trip.com YTD: -35%
I wonder how much Huawei and Bytedance would be up/down this year if they were traded publicly.
CEO Wu told analysts: "Essentially, I think if you compare where things were in the year 2022 before this explosive growth in AI models and what we expect to need in 2033, I think we're talking about 10x increase. We need 10x the amount of data center infrastructure compared to what we had in 2022. There are different ways to get that compute capacity. Some of it can be capex, part of it can also be opex, and we're actually now acquiring quite a bit of computing capacity using opex."
He added that Alibaba could, with its T-Head chips unit, "actually also sell AI servers leveraging those chips to other computing centers, or we can co-build computing centers with others."
The US Commerce Department has approved about 10 Chinese companies including Alibaba, Tencent, ByteDance and JD.com to purchase Nvidia's H200 chips, according to the sources, who spoke on condition of anonymity due to the sensitivity of the matter.
The Shenzhen-based company posted revenue of 196.5 billion yuan ($28.94 billion) for the three months ended March 31, compared with 198.96 billion yuan expected by analysts
China's state planner asked Manus and Meta to withdraw the acquisition transaction, following the tech giant announcing a $2 billion takeover plan in December.
The deal has garnered scrutiny from both China and Washington, with Beijing launching a probe into the transaction in January.
In March, Meta told CNBC that the acquisition "complied fully with applicable law."
Alibaba Cloud held a 37% share of China’s cloud infrastructure market in Q4 2025, maintaining its lead, while revenue from AI-related products recorded triple-digit year-on-year growth for the tenth consecutive quarter. During the quarter, Alibaba Cloud continued to strengthen its AI full stack portfolio through the launch of Qwen3.5 and further enhancements to its Model Studio platform (Bailian). The latest updates expanded support for agent development and multimodal knowledge management, while adding capabilities such as long-term memory, data connectors, templates, and MCP services. These enhancements helped drive a sixfold increase in average daily token consumption for public model APIs on Model Studio over a three-month period. Alibaba Cloud also launched Wukong, an enterprise-grade AI-native agent platform, extending its model and platform capabilities into more practical enterprise AI deployment. Separately, it expanded its regional infrastructure footprint by opening its fourth data center in Japan in March.