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.
Global tech giants are eyeing the first-mover advantages in the initial stage of artificial intelligence development, Everbright Securities says.
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Alibaba's Q3/25 results were strong, with significant revenue and EPS growth. Click here to read why BABA stock remains a ...
Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s AI technology, the Chinese firm's chairman said, affirming reports ...
Alibaba (NYSE:BABA) has officially open-sourced its video- and image-generating AI model, Wan 2.1, intensifying competition in the AI landscape. This move follows a similar release from DeepSeek, a ...
A notable feature of the high-level symposium in Beijing was the wide participation of China's top high-tech companies, ...
China and Hong Kong stock markets surged on a renewed push for AI innovation, with major financials experiencing gains. The ...
DeepSeek has reopened access to its core programming interface after nearly a three-week suspension, resuming a service key ...
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