Alibaba launched new reasoning model comparable to DeepSeek's R1, pledged increased support for AI in China, and committed $53B to cloud and AI infrastructure.

The group said its Alibaba Cloud unit has recorded triple-digit AI-related product revenue growth for six consecutive quarters.

The amount would be more than it has spent on its AI and cloud computing network over the past decade. Read more at straitstimes.com.

BEIJING (Reuters) - The Hong Kong-listed shares of Alibaba Group surged more than 8% on ... Alibaba said the new model is accessible via its chatbot service, Qwen Chat, for which users can choose ...

Alibaba Group Holding Limited ... an artificial intelligence chatbot. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.

Alibaba announces historic $380B yuan investment in AI and cloud computing infrastructure over next 3 years, marking largest tech investment following Chinese regulatory shifts.

Alibaba, co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade.