Alibaba announced on Monday that it plans to invest at least 380 billion yuan ($52.44 billion) in cloud computing and AI infrastructure over the next three years. While the Chinese e-commerce giant had previously indicated its intention to invest in the sector during its earnings announcement on Friday, it had not disclosed a specific figure then.
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 exceeds its total spending on AI and cloud computing over the past decade.
Alibaba has emerged as a frontrunner in China’s AI race in 2025, attracting investors through strategic business deals. As a result, its stock has surged by over 68% this year as of its last closing price.
Other Chinese tech giants are also ramping up their artificial intelligence investments. ByteDance, the parent company of TikTok, has reportedly allocated over 150 billion yuan in capital expenditures for this year, with a significant portion directed toward AI, according to sources cited by Reuters in late January.
