Ali's AI revenue targets 30 billion; Tencent reveals its AI ledger for the first time! Two "so-so" financial reports trigger surges for both companies.
Alibaba and Tencent’s heavy bets on AI are being recognized by the market.
On May 13, Alibaba and Tencent both released their latest quarterly financial reports. Both companies’ revenues were slightly below market expectations, but their U.S. stock prices soared overnight: Alibaba's U.S. shares rose