Alibaba has announced plans to invest at least 380 billion yuan ($52.44 billion) in cloud computing and artificial intelligence infrastructure over the next three years.
The Chinese e-commerce giant previously mentioned its AI and cloud investment ambitions during its earnings report on Friday but had not disclosed a specific amount. The company reported revenue of 280.15 billion yuan for the quarter ending December 31, slightly exceeding analysts’ expectations.
Alibaba stated that this investment surpasses its total spending on AI and cloud computing over the past decade. The company has gained momentum in China’s AI race, attracting investors through strategic business deals. Its stock has surged over 68% this year.
Other Chinese tech firms are also making significant AI investments. ByteDance, the owner of TikTok, has reportedly allocated more than 150 billion yuan in capital expenditures for 2025, with a major focus on AI, according to Reuters.
Credit: Reuters (Text Excluding Headline)
