Alibaba shares surged over 5% in Hong Kong to a four-year high after CEO Eddie Wu announced aggressive AI infrastructure investments, boosting market sentiment.
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Alibaba Surges Over 5% in Hong Kong—Hits Four-Year High

Alibaba shares surged over 5% in Hong Kong to a four-year high after CEO Eddie Wu announced aggressive AI infrastructure investments, boosting market sentiment.

Yonhap Infomax
Alibaba shares skyrocket as CEO Eddie Wu unveils bold AI investment and new products, signaling a leap toward artificial superintelligence. The company plans to spend $53B on AI models and cloud infrastructure over 3 years, introducing Qwen3-Max and enhancing its AI suite. Discover how Alibaba's full-stack AI approach positions it for the future. Read more: https://www.cnbc.com/2025/09/24/alibaba-shares-rise-over-6percent-after-ceo-unveils-new-ai-products-and-spending-plans.html #Alibaba #AI #investing #cloudcomputing #Qwen3Max #artificialsuperintelligence #EddieWu #technology #shares #infrastructure Dylan Butts and Victoria Yeo deliver sharp insights on this tech surge.
Alibaba shares jump 9% in U.S. premarket after CEO unveils plans to boost AI spending

Alibaba plans to increase spending on AI models and infrastructure development even further, Chief Executive Officer Eddie Wu said Wednesday.

CNBC