Alibaba Cloud plans to lean on its self-developed chips moving forward
Hopes this will improve its margin and profitability
Hopes this will improve its margin and profitability
While Tencent Cloud struggles to generate an ROI from GPUs
Pair have signed a MoU
Could see DeepSeek valued at $20bn
Follows Series B funding in January - secures Alibaba, Temasek, and BlackRock as investors
But investors remain unimpressed
Deal reportedly delayed due to concerns over Alibaba
Company to add new facilities in Europe, South America, Asia, and the Middle East
Chips provided by Alibaba and other companies
Alibaba-owned e-commerce company looks to self-build
Fears buildout might outstrip demand
Thousands of businesses represented in huge Windows Server lawsuit that echoes CMA and CISPE allegations
Tencent also releases quarterly earnings
Chinese cloud provider will invest half a billion dollars by 2030
Plus data center M&A deals forecasted to hit record levels
A six percent growth rate, alongside increasing capex spend
Company also planning more data centers in Malaysia, the Philippines, Thailand, and South Korea
30 people set to lose jobs from closure of lab
Impacting customers in mainland China, Hong Kong, and the United States
Shares fall by 10 percent
Leadership restructure was meant to see Zhang focus solely on Alibaba Cloud
Could get the money from Chinese government-backed entities
New regulation being mulled to close embargo loopholes
Company set to bring in external strategic investors through private financing ahead of spin-off
Part of companies bigger plan to split into six business groups
Company looking to build in Temelli, but few details available
C-suite rotation comes weeks after major outage in Hong Kong
Chinese cloud giant expands to 28 regions and 86 availability zones