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Chinese e-commerce giant Alibaba has pledged to spend more than $50 billion on artificial intelligence over the next three years. CNBC | Evelyn Cheng SHANGHAI — Chinese tech giant Alibaba is already recouping its investment on artificial intelligence in the company’s e-commerce business, vice president Kaifu Zhang told reporters on Thursday. The Chinese tech giant … Read more
Alibaba‘s Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates. Shares of the company jumped over 6%, while its total gains year to date rose above 107%. The tech giant plans to … Read more
Key Takeaways ARK Invest, led by Cathie Wood, bought Alibaba shares for the first time since 2021. Alibaba’s stock is up 97% year-to-date in 2025, reflecting a resurgence in Chinese tech. Share this article ARK Invest purchased shares of Alibaba Group Holding Ltd. for the first time in four years today, marking founder Cathie Wood’s … Read more
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares rose on Wednesday after Chinese state media reported that the e-commerce giant secured a major customer for its artificial intelligence chips. China Unicom will deploy Alibaba’s AI accelerators from its semiconductor unit called … Read more
Robots are on display at the Robot Mall, world’s first embodied intelligence robot 4S store, on August 6, 2025 in Beijing, China. Beijing Youth Daily | Visual China Group | Getty Images BEIJING — As the race for household robots heats up, Chinese humanoid startup X Square Robot announced Monday it had secured around $100 … Read more
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Thursday, Feb. 6, 2025. Qilai Shen | Bloomberg | Getty Images Alibaba‘s Hong Kong listed shares surged more than 19% on Monday as the Chinese tech giant’s cloud computing unit drove strong quarterly results, while details emerged over its new AI chip development. … Read more
Alibaba Group Holding Ltd.’s stock leapt more than 19% after reporting a surge in revenue from AI, underscoring the steady headway it’s making against rivals in a post-DeepSeek Chinese development frenzy. China’s e-commerce leader posted a triple-digit percentage gain in AI-related product revenue as well as a better-than-anticipated 26% jump in sales from the cloud division—the business … Read more
Alibaba Group Holding Limited (NYSE: BABA) reported its first quarter 2026 earnings results today. Revenue was $34.5 billion, up 2% year-over-year. Net income attributable to ordinary shareholders was $6 billion, up 78% compared to last year. Diluted earnings per ADS was $2.51. Adjusted earnings per ADS was $2.06, down 10% year-over-year. Revenue from the … Read more
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business. Still, the Chinese giant’s revenues came in under … Read more
Alibaba Group Holding Limited (NYSE: BABA) is navigating a complex landscape marked by restructuring efforts, AI-driven growth, and lingering fallout from the Ant Group settlement. As competitive pressures intensify across the company’s core e-commerce platforms, investor attention is shifting to Alibaba Cloud, which has posted robust growth in recent quarters, fueled by surging demand for … Read more
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