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    Alibaba, Tencent signal AI spending surge despite earnings pressure as China chips ramp up

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    Source: South China Morning Post
    Published: 2026-05-14 20:02 UTC+10:00
    Section: General
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Asia, Technology & AI, China, Financial Markets, Tax & Budget, Asia Pacific, Technology
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    Snippet:
    Alibaba is likely to ‘overshoot’ its original capex target of US$56 billion over three years, CEO Eddie Wu Yongming told analysts
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