Alibaba announced plans to invest billions in AI infrastructure. Founder Jack Ma recently met with Chinese President Xi Jinping. Since the meeting, Alibaba's stock has

Artificial intelligence will play a critical role in shaping China's fortunes as a great power. Yet Beijing’s attempt to translate wins by today’s innovators like DeepSeek and others into wider gains for the $18 trillion economy will be challenged not just by the United States but also by the Chinese Communist Party’s own desire to maintain control.

Chinese AI startup DeepSeek founder Liang Wenfeng is reportedly set to meet with China's Xi Jinping during a summit.

According to Chinese economic media sources like Chailianshe on the 24th, Daniel Zhang, chief executive officer (CEO) of Alibaba Group, revealed this plan. This not only exceeds the total amount Alibaba has invested in the sector over the past decade but also marks the largest AI investment among private corporations in China.

Alibaba has branched out from its original B2B e-commerce roots, developing thriving logistics arms and financial spin-offs such as Ant Group. Its cloud division, Alibaba Cloud, already hosts significant R&D operations worldwide and recently launched its own AI offering, QWen, available to iPhone users in China via a dedicated app.

China's President Xi Jinping met top private sector entrepreneurs, including Alibaba's Jack Ma, signaling a policy change after strict regulations on

Alibaba shares are up 70% this year to date on the boost from DeepSeek and its AI partnership with Apple for iPhones in China.

DeepSeek founder Liang has received the lion’s share of media attention in recent weeks as his AI assistant ascended to the top of global app charts.

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 was seen meeting with President Xi Jinping.

Chinese e-commerce giant Alibaba highlighted its AI ambitions as it reported strong results for its third quarter, fueling hopes that it will become a leader in AI.

President Xi Jinping attended a symposium to enhance private enterprises amidst China's economic slowdown and U.S. tensions. The event aimed to strengthen private-sector sentiment, encouraging domestic and international business expansion.