Ed

We'll be right back after the break with a look at Chinese tech earnings. If you're enjoying the show so far and you haven't subscribed, be sure to give the Prof G Markets feed a follow wherever you get your podcasts.

We'll be right back after the break with a look at Chinese tech earnings. If you're enjoying the show so far and you haven't subscribed, be sure to give the Prof G Markets feed a follow wherever you get your podcasts.

We'll be right back after the break with a look at Chinese tech earnings. If you're enjoying the show so far and you haven't subscribed, be sure to give the Prof G Markets feed a follow wherever you get your podcasts.

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And once you register, you can browse freelancer profiles, get help drafting a job post, and even book a consultation. From there, you can connect with freelancers who want to help take your business to the next level. Upwork makes the entire process easier and simpler, all with industry low fees. Post a job today and hire tomorrow with Upwork.

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Visit Upwork.com right now and post your job for free. That is Upwork.com to post your job for free and connect with top talent ready to help your business grow. That's U-P-W-O-R-K.com. Upwork.com. We're back with Profiting Markets. Chinese tech leaders Alibaba and Tencent reported earnings this week, offering a mixed picture of the sector.

Visit Upwork.com right now and post your job for free. That is Upwork.com to post your job for free and connect with top talent ready to help your business grow. That's U-P-W-O-R-K.com. Upwork.com. We're back with Profiting Markets. Chinese tech leaders Alibaba and Tencent reported earnings this week, offering a mixed picture of the sector.

Visit Upwork.com right now and post your job for free. That is Upwork.com to post your job for free and connect with top talent ready to help your business grow. That's U-P-W-O-R-K.com. Upwork.com. We're back with Profiting Markets. Chinese tech leaders Alibaba and Tencent reported earnings this week, offering a mixed picture of the sector.

Tencent posted its fastest revenue growth in over three years, fueled by strong performance in its gaming and advertising segments. Net profit rose 14%, while capital expenditures surged 91% year over year, largely due to increased AI investment. Alibaba, meanwhile, missed expectations on the top and bottom lines as it continues to rethink strategies to drive consumer spending.

Tencent posted its fastest revenue growth in over three years, fueled by strong performance in its gaming and advertising segments. Net profit rose 14%, while capital expenditures surged 91% year over year, largely due to increased AI investment. Alibaba, meanwhile, missed expectations on the top and bottom lines as it continues to rethink strategies to drive consumer spending.

Tencent posted its fastest revenue growth in over three years, fueled by strong performance in its gaming and advertising segments. Net profit rose 14%, while capital expenditures surged 91% year over year, largely due to increased AI investment. Alibaba, meanwhile, missed expectations on the top and bottom lines as it continues to rethink strategies to drive consumer spending.

Still, the company reported a 7% year-over-year revenue increase, with cloud revenue climbing 18%. Despite the growth, shares fell around 5% in pre-market trading. So, Scott, let's start with Alibaba. You predicted the company would beat and that the shares would pop. That did not happen. It was, in fact, a miss on the top and bottom. Shares dropped around 5%.

Still, the company reported a 7% year-over-year revenue increase, with cloud revenue climbing 18%. Despite the growth, shares fell around 5% in pre-market trading. So, Scott, let's start with Alibaba. You predicted the company would beat and that the shares would pop. That did not happen. It was, in fact, a miss on the top and bottom. Shares dropped around 5%.