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Alibaba and Tencent lost a combined $66B in market value over about 24 hours as investors reacted to unclear monetization plans for their AI investments (Bloomberg)

Bloomberg : Alibaba and Tencent lost a combined $66B in market value over about 24 hours as investors reacted to unclear monetization pla...

17 March 2025

Sources detail Alibaba's AI pivot, quietly led by Jack Ma after ChatGPT's 2022 launch, but question if it can establish a lead in China's competitive AI race (Financial Times)

Financial Times:
Sources detail Alibaba's AI pivot, quietly led by Jack Ma after ChatGPT's 2022 launch, but question if it can establish a lead in China's competitive AI race  —  The Chinese tech giant is establishing a lead in a fiercely competitive sector, and its billionaire founder is back in favour

Posted from: this blog via Microsoft Power Automate.

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