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.

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.

President Xi Jinping met some of China’s most prominent tycoons, sending what analysts say is the strongest signal of support in years to companies like web giants Alibaba and Tencent.

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.

Vance used his first major speeches as vice president to criticise European politicians, claiming they were controlling free speech, losing authority on immigration,

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.

Here's an overview of the people behind the AI sensation and how the startup came into being ... and most recently at a closed-door symposium chaired by President Xi Jinping earlier this week. The 40-year-old founder of DeepSeek has been quite media ...

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.

stands against the other trending AI stocks. President Xi Jinping recently held a rare meeting at Beijing’s Great Hall of the People with some of the biggest names in China’s technology sector. Four years back, tech regulations in China and the ...