Huawei, the second-largest cloud provider in mainland China, reported a 3.5% decline in cloud revenue from external customers in 2025, totaling 32.16 billion yuan ($4.6 billion). Despite overall cloud revenue including internal customers rising 4.8%, growth in its ICT infrastructure segment, which includes its AI chip business competing with Nvidia, slowed to 2.6%. This contrasts with rapid global cloud growth and strong gains by Chinese rivals like Alibaba and ByteDance, who are expanding AI cloud services and securing access to advanced Nvidia chips. Huawei's total revenue grew modestly by 2% to 880.9 billion yuan, with consumer segment growth slowing sharply due to US sanctions and economic headwinds. The company remains focused on R&D, spending a record 192.3 billion yuan in 2025, while its automotive solutions unit saw slower but still strong growth. Huawei's performance highlights challenges in China's tech sector amid geopolitical tensions and a shifting global AI landscape.
China's regulator has approved Apple Intelligence, Apple's generative AI service, for launch in China through a partnership integrating Alibaba's Qwen AI model into Apple’s operating systems. This collaboration enables AI features like text and image...
Alibaba confirmed that its Qwen AI model will be integrated into Apple's iOS, iPadOS, macOS, and visionOS services for users in China, leading to a 4% rise in its U.S.-listed shares in premarket trading. This integration allows users to access advanc...
Pomerantz LLP is investigating Alibaba Group for potential securities fraud and unlawful business practices following reports that Alibaba illicitly accessed AI technology and failed to prevent illegal pharmaceutical sales on its platform. These alle...
Last week, leveraged ETFs linked to Alibaba, Meta, Broadcom, and Nvidia delivered strong gains ranging from 17% to over 34%. Alibaba-focused ETFs led with over 34% returns, driven by positive earnings previews, AI revenue growth, and share buybacks. ...
In Q2 2026, Baird's Chautauqua International Growth Fund returned +10.39%, trailing the MSCI ACWI ex-U.S. Index's +14.49%. Key detractors included Alibaba and Lululemon, while Recruit and ASML contributed positively. The Global Growth Fund also lagge...
