Alibaba: Invest 380 billion yuan in AI and cloud computing infrastructure in the next three years

Crypto 7x24

2025-02-24 22:18:22

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According to online reports, Alibaba issued an announcement on the Hong Kong Stock Exchange saying that it plans to invest at least 380 billion yuan (US$53 billion) in the next three years to build cloud computing and AI infrastructure, further committed to long-term technological innovation, highlighting the company's focus on AI-driven growth and positioning as the world's leading cloud computing provider.

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