The capex logic of Tencent and Alibaba AI is different
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Tencent and Alibaba have significant differences in the logic of AI capital expenditure (capex). Tencent focuses more on the return on investment (ROI) of applications, while Alibaba follows the logic of cloud computing vendors, investing as long as the depreciation is reasonable. The two represent different business model directions, showing that Chinese companies are no longer followers in the field of AI exploration. In the future, the voices of Chinese companies in the AI narrative will become increasingly prominent
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