Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data ...
Chinese tech giant Alibaba Group will invest more than 380 billion yuan (about $53 billion) in building cloud and hardware ...
Alibaba stock surged Thursday after the company reported quarterly earnings ahead of Wall Street's expectations and ...
Shares in Alibaba (BABA) climbed Friday, building on a recent runup and putting the stock on course for a multiyear high. Alibaba and other Chinese technology stocks [have been boosted by optimism abo ...
Wu Yongming, CEO of Alibaba Group, said the investment exceeds the company's total AI and cloud spending of the past decade, underscoring its focus on an AI-driven growth strategy. With this ...
Alibaba announced on Monday that it will invest more than 380 billion yuan (about 53 billion U.S. dollars) in building cloud and AI hardware infrastructure in the next three years.