Alibaba, the Chinese e-commerce powerhouse, has revealed plans to invest a minimum of 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence (AI) infrastructure over the next three years.
The announcement builds on hints dropped during the company’s Friday earnings report, where it signaled intentions to bolster the sector but withheld specific figures.
For the quarter ending Dec. 31, Alibaba posted revenue of 280.15 billion yuan, slightly surpassing analyst expectations. The company noted that this new investment surpasses its total spending on AI and cloud computing over the past ten years.
Alibaba enters 2025 as a frontrunner in China’s AI competition, attracting investors through savvy business moves. Its stock has soared by more than 68% this year, based on the latest closing figures.
The push aligns with broader trends among Chinese tech giants. ByteDance, the parent company of TikTok, has allocated over 150 billion yuan for capital expenditure in 2025, with a significant focus on AI development.