Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma

A recent summit for private entrepreneurs in Beijing, attended by tech leaders including Alibaba founder Jack Ma and Huawei founder Zhengfei Ren, has drawn attention to the notable absence of Baidu founder Robin Li.

Hong Kong-listed Chinese tech stocks rallied Tuesday after President Xi Jinping met with private sector leaders, including Alibabas Jack Ma, Tencents Pony Ma, and Huaweis Ren Zhengfei, at Beijings Great Hall of the

It’s been Alibaba’s day, week and month. The company has added $123 billion in market value in February, helped by a DeepSeek-driven rally in Chinese tech stocks, its tie-up with Apple to roll out AI features in China and Beijing’s rehabilitation of co-founder Jack Ma.

The e-commerce company's Hong Kong stock rallied 6.3% after Bloomberg and Reuters reported that Chinese President Xi Jinping would meet with Alibaba co-founder Jack Ma and other business leaders. Excitement about AI,

E-commerce giant Alibaba is back in the spotlight with founder Jack Ma’s attendance at Chinese President Xi Jinping’s big tech billionaire bash. The company’s big bet on AI also seems to be paying off,

Chinese billionaire Jack Ma’s Alibaba is going all in on artificial intelligence, by announcing a $53 billion investment over the

Alibaba Group Holding Ltd. posted its fastest pace of revenue growth in more than a year, as the Chinese internet pioneer co-founded by Jack Ma takes another step toward a recovery after years of turbulence.

Social media was abuzz with users praising Mr Ma for his return to the public spotlight. "Congratulations [Jack] Ma for the safe landing," said one user on Chinese social media platform Weibo. "The comeback of [Jack] Ma is a shot in the arm to the current Chinese economy," said another.

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

The stock of tech giant Alibaba — whose shares had been beaten down since Beijing's yearslong Big Tech regulatory crackdown — has soared 38% this year so far in Hong Kong. The stock's dual listing on the New York Stock Exchange is up 33%.