[Tencent and Alibaba released their latest financial reports to keep growth resilient and seek a new growth curve] As two giants in China's Internet industry, Tencent and Alibaba performed strongly in the first quarter. The latest financial reports show that the two giants withstood the pressure and actively reformed in the market where traffic dividends peaked, competition intensified and regulation strengthened, with initial results. Tencent continues to strive to maintain its market share in the social and gaming sectors, although its gaming business has slightly declined due to deferred income. Driven by the rapid development of its WeChat video account business, its online advertising, fintech, and enterprise services businesses have achieved considerable growth. In contrast, Alibaba, as a leader in e-commerce, although its profits are affected by large cultural and entertainment and offline heavy asset businesses, AI cloud business and overseas e-commerce are becoming new highlights as the basic e-commerce gradually stabilizes.