Alibaba has set a five-year goal for AI and cloud revenue to break $100 billion, about 690 billion yuan, a target that would require roughly sevenfold growth from a base of about 100 billion yuan, some 14.5 billion dollars, in external commercial revenue, implying a compound annual rate near 47 per cent. Alibaba Cloud is … Read more
Mifeng Technology, a one-stop physical-AI data service platform, has closed a new several-hundred-million-yuan round led by China Telecom, with Zhangjiang Group following and Sequoia China and Yuanqi Innovation topping up. Founded about half a year ago, the company has now raised multiple rounds from state platforms, top funds and industry players. MEgo devices collect physical … Read more
Google DeepMind said Gemma, its open model family, has passed 1 billion downloads, roughly two and a half years after its February 2024 launch. Developers have spawned 100,000 variants, and the model has reached a NASA satellite and decoded dolphin sounds. But the most striking use is inside cancer research. A team from Google DeepMind, … Read more
Alibaba’s latest results make one awkward point: while the spotlight sits on model and app layers, the shortest-term AI profit is in cloud and silicon. In the first quarter of fiscal 2027, the April to June 2026 period, Alibaba Cloud revenue reached 48.74 billion yuan, about 6.8 billion dollars, up 45 per cent year on … Read more
In 2026 the large-model industry is living through a visceral shift. The Scaling Law that ruled the digital world is hitting the hard wall of physical law, spatial constraint and long-tail data as it crosses into the real world. The rift peaked on the final day of RSS 2026 in Sydney, where robotics academics’ reverence … Read more
Baidu reported its latest quarterly results with the same cash-flow profile as Tencent. Q2 revenue was RMB 31.3 billion, down 4 per cent year on year and 2 per cent quarter on quarter. Attributable net profit was RMB 2.3 billion and non-GAAP net profit RMB 2.6 billion, down 68 per cent and 46 per cent. … Read more
After a brief show of restraint in Q1, Tencent went all in on spending in Q2. The company reported after market close that capital expenditure surged to RMB 52.8 billion, about 26 per cent of total revenue and well above the RMB 32.14 billion the market expected. Add RMB 51.4 billion in prepaid compute-procurement deposits … Read more
On 19 August, Kuaishou Technology released its second-quarter 2026 results. Revenue reached RMB 35.54 billion, up 1.4 per cent year on year, while profit for the period was RMB 3.15 billion, down 36 per cent. For the first half, revenue totalled RMB 69.25 billion, up 2.4 per cent, though profit fell 32 per cent. Kuaishou’s … Read more
Moxing AI, the “Token super factory” founded just over two years ago, has closed another funding round. The company announced a Series A led by Yida Capital, with several strategic resource partners joining, existing shareholders adding more, and some over-allocating. The round follows a several-hundred-million-yuan Pre-A disclosed in May, only three months earlier. Two rounds … Read more
In May, Lenovo chairman and CEO Yang Yuanqing set a goal of reaching US$100 billion in annual revenue within two years, from US$83.1 billion then, implying about 9.7 per cent compound growth. On 13 August, Lenovo reported its first fiscal-quarter 2026/27 results for the period ended 30 June 2026: revenue of 183.4 billion yuan, up … Read more