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Alibaba, Tencent signal AI spending surge despite earnings pressure

  • Posted on May 14, 2026
  • By South China Morning Post
  • 0 Views
  • 1 min read
Alibaba, Tencent signal AI spending surge despite earnings pressure
Alibaba, Tencent signal AI spending surge despite earnings pressure

Alibaba is likely to ‘overshoot’ its original capex target of US$56 billion over three years, CEO Eddie Wu Yongming told analysts.
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South China Morning Post

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