Alibaba (9988.HK) announced on Monday its commitment to investing 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 had previously indicated its intention to invest in these sectors while disclosing its earnings last Friday but had not specified the exact amount at the time.
For the quarter ending December 31, Alibaba reported revenue of 280.15 billion yuan, slightly surpassing analysts’ expectations. The company stated that this planned investment surpasses its total spending on AI and cloud computing over the past decade.
Alibaba has emerged as a frontrunner in China’s AI industry in early 2025, attracting investor confidence through strategic business moves. Its stock has surged by over 68% this year as of the last closing.
Other Chinese tech companies are also ramping up investments in AI. ByteDance, the parent company of TikTok, has allocated more than 150 billion yuan in capital expenditures for this year, with a significant portion focused on AI, according to sources.
 announced on Monday its commitment to investing at least 380 billion yuan ($52.44 billion) in){kind=link}