{"id":654465,"date":"2025-02-24T12:45:14","date_gmt":"2025-02-24T09:45:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chinas-alibaba-to-invest-50-bn-in-ai-cloud-computing\/"},"modified":"2025-02-24T12:45:14","modified_gmt":"2025-02-24T09:45:14","slug":"chinas-alibaba-to-invest-50-bn-in-ai-cloud-computing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chinas-alibaba-to-invest-50-bn-in-ai-cloud-computing\/","title":{"rendered":"#China’s Alibaba to invest $50 bn in AI, cloud computing"},"content":{"rendered":"
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\n \"Alibaba
\n Alibaba and other tech giants have enjoyed a revival in recent months, after being hit by a long-running government crackdown.
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Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.<\/p>\n

Investors have piled into Chinese technology<\/a> stocks since the start of the year, with Alibaba\u2014which runs some of the country’s biggest online shopping platforms\u2014seeing its shares soar to three-year highs.<\/p>\n

The gains have been boosted since the Hangzhou-based firm announced robust sales growth last week, adding to signs that the sector is staging a comeback from years of gloom sparked by a government crackdown.<\/p>\n

Alibaba plans to “invest at least 380 billion yuan ($53 billion) over the next three years to advance its cloud computing and AI infrastructure”, a company statement said.<\/p>\n

The firm said its strategy was aimed at “reinforcing (Alibaba’s) commitment to long-term technological innovation… (and) underscores the company’s focus on AI-driven growth”.<\/p>\n

The statement did not detail how the company would allocate the funds or what specific projects would be supported.<\/p>\n

It did add that the investment would exceed its total AI and cloud spending over the past decade.<\/p>\n

Alibaba last week reported an eight percent bump in revenue for the three months through December, beating estimates to reach 280 billion yuan\u2014and triggering a 14 percent surge in its Hong Kong shares on Friday.<\/p>\n

CEO Eddie Wu said last week that the quarterly results “demonstrated substantial progress in (Alibaba’s) ‘user-first, AI-driven’ strategies and the re-accelerated growth of our core businesses”.<\/p>\n

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The company and its industry peers endured years of dampened investor confidence after Beijing launched an aggressive regulatory crackdown on the tech sector in 2020.<\/p>\n

But they have been riding higher in recent months, buoyed by the launch of a chatbot by Chinese startup DeepSeek that has upended the AI industry.<\/p>\n

The turnaround comes as the world’s second-largest economy continues to battle sluggish consumption and persistent woes in the property sector.<\/p>\n

At a rare meeting with business luminaries last week, Xi hailed the private sector and said the current economic problems were “surmountable”\u2014a move widely interpreted as a show of support for big tech.<\/p>\n

Ma remains an influential figure despite no longer being an Alibaba executive and shunning the limelight since authorities brought down affiliate Ant Group’s high-stakes IPO in 2020.<\/p>\n

His inclusion in the meeting hinted at the billionaire magnate’s potential public rehabilitation following the tangle with regulators.<\/p>\n

\n \u00a9 2025 AFP\n <\/p>\n

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\n Citation<\/strong>:
\n China’s Alibaba to invest $50 bn in AI, cloud computing (2025, February 24)
\n retrieved 24 February 2025
\n from https:\/\/techxplore.com\/news<\/a>\/2025-02-china-alibaba-invest-bn-ai.html\n <\/p>\n

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