Alibaba announced on Monday that it will invest more than 380 billion yuan (about 53 billion U.S. dollars) in building cloud and AI hardware infrastructure in the next three years.

E-commerce giant Alibaba is back in the spotlight with founder Jack Ma’s attendance at Chinese President Xi Jinping’s big tech billionaire bash. The company’s big bet on AI also seems to be paying off ...

Asian markets mostly fell Monday following a dour end to last week for Wall Street, where a disappointing round of data added ...

Wu Yongming, CEO of Alibaba Group, said the investment exceeds the company's total AI and cloud spending of the past decade, ...

ALIBABA said on Monday it plans to invest at least 380 billion yuan (S$70 billion) in its cloud computing and artificial ...

Alibaba said on Monday it plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial ...