China

The PaaS company has been waiting in the wings and is poised to take center stage.

The company posted USD 395 million in net income, up 53% year-on-year.

Experts weigh in on the clash between the Chinese tech giants.

Alibaba’s strong growth, buoyed by 2020’s extended Singles’ Day shopping festival, was overshadowed by an antitrust investigation and Ant Group’s business overhaul.

Tencent is looking to consolidate shoppers’ data and traffic within WeChat.

Li Auto and Xpeng also report record-breaking numbers.

Kuaishou is more of a social community, while chief rival Douyin functions like a media and entertainment platform.

Huawei and ByteDance also filed lawsuits against the US government.