Alibaba announced plans to invest billions in AI infrastructure. Founder Jack Ma recently met with Chinese President Xi Jinping. Since the meeting, Alibaba's stock has
Chinese Xi Jinping’s rare and meticulously choreographed meeting with the country’s top private entrepreneurs underscores a pivotal shift in Beijing’s economic strategy. Every detail, from the seating arrangements to the choice of speakers,
We recently published a list of the 10 Best Performing Chinese Stocks So Far in 2025. In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against the other Chinese stocks.
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.
Alibaba Group Holding Ltd. has pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.
Alibaba (NYSE: BABA) shares got a nice boost following the Chinese company's fiscal third-quarter results, which showed a nice rebound in its e-commerce business as well as strong artificial intelligence (AI) growth.
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