Alibaba Group said Monday it plans to invest at least 380 billion yuan ($53 billion) over the next three years in cloud computing and artificial intelligence infrastructure. The amount is larger than the company’s total cloud and AI spending over the past decade. Alibaba is betting on the increasing adoption of AI models and applications in China to fuel its next stage of growth, as its e-commerce business plateaued. Alibaba CEO Eddie Wu said on an earnings call last week that the company’s cloud business, the largest in the country, offers the clearest path toward translating AI demand to revenue. Alibaba last week reported better-than-expected earnings for the quarter through December, thanks in part to its cloud computing division, whose revenue grew 13%. Alibaba said higher demand for AI-related products among cloud customers contributed to the solid revenue growth. The company is also planning to launch a new reasoning model in what could be the Chinese tech giant’s answer to the recent success of DeepSeek. https://www.bloomberg.com.. #🇨🇳 ChinA.I. 🤖🧠🦾🤖