Alibaba’s Massive $52B+ Bet on AI and Cloud Infrastructure
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.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Shares have soared this year, but the online retailer's plans for an AI spending spree haven’t gone down so well.
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
Alibaba (BABA) stock is falling 7% after the China-based tech conglomerate disclosed that it would spend at least 380 billion ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
Alibaba Group BABA delivered mixed results in its third-quarter fiscal 2025 earnings report, triggering a significant market response with shares surging 10% in Hong Kong and 8% in U.S. trading. The ...
Jefferies analyst Thomas Chong maintained a Buy rating on Alibaba Group Holding Ltd. (9988 – Research Report) yesterday and set a price target ...
Alibaba Group has planned to enter into the global AI race by investing more than 380 billion yuan in artificial intelligence ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback