# Alibaba and Tencent miss revenue estimates but see US shares rise as they boost heavy AI investment.

*genai · news · 2026-05-14 · CNBC TV18*

## Key points

- Alibaba expects AI revenue to triple in 2024, surpassing 30 billion yuan by year-end.
- Alibaba plans to list its T-Head chip unit, recently securing China Unicom as an external client.
- Alibaba consolidated AI operations under a new business group called Alibaba Token Hub.
- Tencent upgraded its Hunyuan AI model via OpenRouter and adopted third-party models like DeepSeek.
- Both Alibaba and Tencent prioritize long-term AI growth over near-term profitability, altering investor focus.

**Companies:** Alibaba Group, Tencent Holdings
**Countries:** China, United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/alibaba-aims-for-major-gains-from-ai-even-as-business-growth-falls-short-ws-l-19905352.htm)

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