Chairman Joe Tsai said the company would restart hiring, while separately, expressing concerns about a potential AI bubble in ...

What Happened: on Monday, Alibaba announced its plans to invest an amount that surpasses its total AI infrastructure spending over the past decade, reported South China Morning Post. This ...

announced Feb. 27 that Alibaba Group has fully acquired the remaining shares held by Cainiao’s minority shareholders. In addition, the company introduced a comprehensive exit plan for employees’ stock ...

Alibaba has flagged plans to invest more in its "core businesses" of e-commerce and AI-powered cloud computing after reporting third-quarter revenues just above analysts' estimates on strong year ...

Alibaba last month announced a plan to invest $380 billion yuan ($52.5 billion) in cloud computing and AI infrastructure over the next three years. The company claimed its Qwen AI has performed ...

The internet company co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade. Alibaba envisions becoming a key partner to companies developing ...

Shares of Chinese e-commerce giant Alibaba (BABA) got a lift from Beijing ... China’s Special Consumption Plan China on Sunday announced a “Special Action Plan to Boost Consumption ...