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 ...
Chinese tech giant Alibaba announced on Monday its plan to invest over $52.4 billion in artificial intelligence (AI) ...
Alibaba (BABA) stock is falling 7% after the China-based tech conglomerate disclosed that it would spend at least 380 billion ...
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations ...
Alibaba's shares opened 10% higher in Hong Kong on Friday to reach their highest level in more than three years, after it ...
Alibaba stocks listed in Hong Kong rose following a significant profit increase for the company in the December quarter.
The life of Jack Ma, founder of Alibaba. He grew up poor in China and was rejected from multiple jobs before finding success ...
Microsoft’s lease cancellations were detailed on Friday in a note from TD Cowen analysts. According to Bloomberg, the ...
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