(China Daily) Chinese tech heavyweight Alibaba Group Holding Ltd reported on Thursday night that its revenue stood at 236.45 billion yuan ($32.6 billion) during the January-March period, an increase of 7 percent year-on-year, while its net income reached 29.85 billion yuan, rising 22 percent year-on-year.

For the quarter ending on March 31, revenue from its cloud business rose 18 percent year-on-year to 30.13 billion yuan, with artificial intelligence-related product revenue achieving triple-digit growth for the seventh consecutive quarter.

The company said it will continue to invest in anticipation of customer growth and technology innovation, including AI products and services, to increase cloud adoption for AI and maintain its market leadership.

NetEase, Inc., a leading internet and game services provider, today announced its unaudited financial results for the first quarter ended March 31, 2025.

(China Daily) Huawei on Tuesday released its AI solution for the data center industry, as over 500 tech leaders and experts gathered in Dubai, the United Arab Emirates, for the Global Data Center Facility Summit 2025.

Charles Yang, Huawei's senior vice-president, said the "golden era" for computing infrastructure has arrived. "AI is transforming industries, and businesses are racing to stay competitive by building local AI platforms," he said.

(China Daily) Geely Automobile Holdings reported on Thursday a 264 percent surge year-on-year in first-quarter net income as robust demand for its NEV lineup lifted sales and profitability.

The Hong Kong-listed carmaker saw its net profit attributable to shareholders rise to 5.67 billion yuan ($786.3 million) from January to March, while its revenue climbed 25 percent to 72.5 billion yuan in the same period.

(Xinhua) Tesla's Shanghai Gigafactory exported nearly 30,000 vehicles in April, marking its highest monthly export volume in the past 12 months, the company said on Wednesday.

This achievement comes as the China-made Model Y gains strong popularity in overseas markets. The New Model Y, which made its global debut in China in January this year, is now being exported to Australia and multiple Asian markets including the Republic of Korea (ROK), according to Tesla.

The U.S.

(China Daily) China has ushered in a new era of cybersecurity with the world's first commercially-ready cryptography system that integrates quantum key distribution and post-quantum cryptography, marking a groundbreaking leap in defending against next-generation quantum computing threats.

JD.com, Inc., a leading supply chain-based technology and service provider, announced its unaudited financial results for the three months ended March 31, 2025.

First Quarter 2025 Highlights

Net revenues were RMB301.1 billion (US$141.5 billion) for the first quarter of 2025, an increase of 15.8% from the first quarter of 2024.Income from operations was RMB10.5 billion (US$1.5 billion) for the first quarter of 2025, compared to RMB7.7 billion for the first quarter of 2024.

(China Daily) Beneath the vast skies of North China's Inner Mongolia autonomous region, a powerful wave of digital transformation measured in bytes and flops is taking shape.

Inside the China Mobile (Hohhot) intelligent computing center in Horinger New Area, Hohhot, the hum of high-performance servers fills the air. With a peak computing capacity of 6,700 petaflops, it is the world's largest single-unit intelligent computing center operated by a telecom provider.

(China Daily) United States-based materials science company Corning Incorporated plans to invest another $500 million in China this year, reinforcing its long-standing commitment to what it calls its most important overseas market, despite ongoing geopolitical and economic headwinds.

(China Daily) Dolby Laboratories showcased its latest achievements in in-car entertainment at Auto Shanghai 2025.

It has collaborated with multiple automakers and industry partners to advance the application of Dolby Vision and Dolby Atmos in smart cabins, promoting the transformation of cars from transportation tools into diversified mobile living spaces.

To date, the number of automakers supporting Dolby experiences exceeds 25, doubled from 2024.
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