Chinese Tech Giants in AI Frenzy: Alibaba, TENCENT, and VNET in the Spotlight!
Reading Time: 3 minutes
The Chinese technology sector is currently experiencing a remarkable renaissance. After years of regulatory uncertainty and geopolitical tensions, investor confidence is returning – fueled by the topic of Artificial Intelligence and positive signals from the Chinese government under Xi Jinping. Particularly in the spotlight is Alibaba. The e-commerce giant plans massive investments of over USD 52 billion in the expansion of its AI and cloud infrastructure over the next three years. The recent quarterly results have already been convincing due...
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