Alibaba Accelerates Global AI Push, Targets Overseas Data Centers

Benzinga
2025.06.24 10:20
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Alibaba's cloud unit aims to expand its AI services, including the Qwen models, to overseas data centers by 2025. The company operates 29 data centers globally and plans to open a second in South Korea. Partnerships with tech giants like Microsoft and Nvidia are in focus, with a commitment of 380 billion yuan ($52 billion) for AI infrastructure. Alibaba's stock has risen over 51% in the past year, reflecting its position as a key player in AI adoption in China. BABA shares rose 1.78% to $115.10 in premarket trading.