Tencent and Alibaba sales disappoint as AI monetization efforts fall short
Chinese tech titans Tencent and Alibaba are betting heavily on integrating in-house AI into their vast ecosystems. (Source photos by Tomoko Wakasugi and Itsuro Fujino)
CISSY ZHOU and LORRETTA CHEN
HONG KONG — Tencent Holdings and Alibaba Group missed sales expectations for the March quarter, as they were unable to monetize artificial intelligence as quickly as investors were expecting, though the Chinese tech giants have pledged to continue to invest in and leverage AI.
