Chart 1: China's Three CSPs, Quarterly CapEx: Actual vs Analyst Estimates ($B/Quarter)
Chart 1: China's Three CSPs, Quarterly CapEx: Actual vs Analyst Estimates ($B/Quarter)#
Alibaba spent $9.95B of CapEx in the June 2026 quarter, double the pre-earnings estimate; Baidu also came in at nearly double.Draft, pending review
How to read this chart
Calendar quarters, US dollars. Dark bars are actuals, light bars analyst estimates (FinSight compilation). Alibaba's June 2026 quarter came in at $9.95B; the tick on the bar is the pre-earnings estimate of $4.93B. Tencent reports semiannually, so half-year values are split evenly across two quarters. Baidu's June 2026 quarter was $1.67B against an estimate of $0.88B.
Source: Company filings and analyst estimates (FinSight compilation and estimates) · Updated 2026-09-03
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