BEIJING/SHANGHAI, China — Microsoft is scaling back parts of its China operations while maintaining a presence in the market, as geopolitical tensions, Chinese technology policies and U.S. export restrictions reshape its business strategy. Reuters reported that the company has closed at least 15 branch offices and joint ventures in China over the past five years, even as its cloud and AI services for Chinese companies operating overseas provide a reason to stay.
टैग: Azure
Microsoft Shares Jump 8% as AI Growth Boosts Azure and Copilot, Meta Falls 9%
New York: Microsoft shares surged around 8% in premarket trading, while Meta Platforms shares dropped about 8.5% as investors reacted differently to the latest results from two of Big Tech’s major artificial intelligence players. Microsoft’s growth in its Azure cloud and Copilot businesses signalled that its heavy AI investment is beginning to generate stronger returns, while Meta’s revenue guidance fell short of market expectations.