The investment signals Alibaba’s ambition to compete with AWS, Microsoft Azure, and Google Cloud as it expands beyond its core e-commerce business. Alibaba is planning to invest 380 billion yuan ...

Hong Kong (CNN) — Chinese tech giant Alibaba unveiled its latest artificial intelligence reasoning model on Thursday, boasting that its capabilities beat rivals like OpenAI and startup DeepSeek.

Chinese e-commerce and cloud giant Alibaba stock surged nearly 8% in Thursday’s trading after the company delivered better-than-expected Q3 results (fiscal year ends in March), propelled by ...