The selloff marks a sharp reversal after a run-up in Alibaba in recent weeks amid AI optimism in the wake of DeepSeek.
Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China ...
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain ...
Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data ...
Alibaba said the total investment amount exceeds the company's spending in AI and cloud computing over the past decade.
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing ...
Shares of Alibaba (NYSE: BABA) were taking a dive today after investors balked at the company's big spending plans in cloud ...
US President Donald Trump directed the committee on Foreign Investment in the US to limit Chinese spending on technology and ...
The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.
Chinese tech giant Alibaba announced on Monday its plan to invest over $52.4 billion in artificial intelligence (AI) ...
Alibaba Group has highlighted that it has been focusing more on these two sectors lately, with plans to integrate artificial ...