Alibaba says it has moved beyond the early phase of artificial intelligence investment and entered full-scale commercialisation, positioning AI and cloud as its next core growth pillars. In a shareholder letter, Chairman Joe Tsai and CEO Eddie Wu call this a major inflection point for artificial general intelligence. The company cites a full-stack AI ecosystem and rising cloud and AI-related revenue as it accelerates a business reshuffle amid slower commerce growth.

South Korea\'s three mobile carriers reported mixed first-quarter results. LG Uplus improved performance on balanced growth across businesses, including AI data centres. SK Telecom showed a clearer recovery from the previous quarter, citing improved AI profitability and a rebound in its wireless business after a SIM hacking incident. KT\'s profitability weakened despite expanding AX, as a one-off property-sale base effect and customer compensation costs weighed.