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 Group is planning to spend more money on building out cloud and AI infrastructure over the next three years than it ...
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 ...
Chinese e-commerce giant Alibaba Group Holding saw profit surge ... to exceed what the group has spent over the past decade in building its capabilities related to these technologies.