The technology giant co-founded by Jack Ma delivered better-than-expected results for three ... “We believe Alibaba is well-positioned to capture the influx demand of cloud computing services in the coming years,” they said in a commentary.

Like its U.S. counterparts, Alibaba is going all-in on generative AI. Its cloud computing business saw an 11 percent year-over-year increase in revenue in December 2024. AI-related product sales have experienced triple-digit growth for the sixth consecutive quarter, signaling strong enterprise demand for AI-powered solutions.

The company’s AI investment exceeds its decade-long budget, reinforcing its commitment to long-term tech growth.

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence (AI) and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.

Alibaba announces historic $380B yuan investment in AI and cloud computing infrastructure over next 3 years, marking largest tech investment following Chinese regulatory shifts.

China's Alibaba to invest $50 bn in AI, cloud computing Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting ...

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen at a rare meeting with President Xi Jinping.