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September 2025

Alibaba’s Bold $53 Billion AI Expansion: Unveiling Qwen3-Max, Global Data Centers, and Strategic Partnerships

Alibaba’s shares rose this week, up more than 6% in Hong Kong and 9% in U.S. premarket trading, after CEO Eddie Wu outlined an expanded artificial intelligence strategy at the company’s Cloud Technology Conference. Wu confirmed that Alibaba is continuing a three-year, 380 billion yuan ($53 billion) program for AI infrastructure and model development, first …

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