Alibaba increases AI investment, stock price hits a four-year high

Zhitong
2025.09.24 08:38

Alibaba announced that it will invest over $53 billion in artificial intelligence and cloud infrastructure, and released its most powerful large model to date, Qwen3-Max. The stock price in Hong Kong rose over 9% on Wednesday, reaching a four-year high. The cumulative increase this year has already doubled. CEO Eddie Wu stated that the company's investment scale will exceed the previously proposed target of 380 billion yuan at the beginning of the year, as the demand for AI industry development and infrastructure "far exceeds expectations." Overseas funds have also regained interest, with Wall Street star fund manager Cathie Wood's ARK Invest purchasing approximately $16.3 million in Alibaba ADR for the first time in four years. Documents from the U.S. Securities and Exchange Commission show that this is its first reallocation since September 2021

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2025 Longbridge｜Disclaimer