Tencent Plans to Double AI Investment to $5B in 2026
Tencent's 2025 results beat estimates, with the company spending $2.6B on AI last year and planning to at least double that in 2026 despite ongoing GPU supply constraints from US export controls.
China ai
Qwen's Tech Lead Junyang Lin Steps Down From Alibaba
Junyang Lin, the 32-year-old architect behind Alibaba's Qwen open-source AI models, announces his departure in a brief tweet - the fourth major exit from Tongyi Lab in two years.
Baidu Loses $11 Billion in Market Value as AI Revenue Grows But Advertising Collapses
Baidu's third consecutive quarter of revenue decline wiped $11 billion off its market cap, exposing the gap between its AI ambitions and the advertising business still funding them.
Alibaba's Qwen 3.5 Claims to Beat GPT-5.2 and Claude Opus 4.5 - and It's Open Source
Alibaba releases Qwen 3.5, a 397-billion-parameter open-weight model that claims to outperform US frontier models at a fraction of the cost.
