Last week, Alibaba pledged to invest at least 380 billion yuan ($52.4 billion) in its AI and cloud computing infrastructure over the next three years. It said the amount exceeded what it had ...

By comparison, Alibaba plans to invest at least 380 billion yuan ($52 billion) in its cloud computing and artificial intelligence infrastructure over the next three years. Hong Kong's Hang Seng ...

Alibaba, his colossal internet empire, was under assault from regulators and from rivals stealing market share in ecommerce and cloud computing. Its share price was down 80 per cent from its peak.