Alibaba shares surged nearly 10% Wednesday after the Chinese tech giant announced aggressive new investments in artificial intelligence and global data centers. The company revealed plans to spend over $53 billion on AI infrastructure in the next three years, with CEO Eddie Wu suggesting even larger outlays ahead.
As part of its expansion, Alibaba will open data centers in France, the Netherlands, and Brazil, while adding new facilities in Mexico, Japan, Dubai, Malaysia, and South Korea. This will extend its reach to 29 regions worldwide.
Chinese e-commerce company Alibaba said it plans to open its first data centers in Brazil, France and the Netherlands as it accelerates its global strategy for artificial intelligence https://t.co/rmHIuUp0nb pic.twitter.com/VfokhQ6Lmt
— Reuters (@Reuters) September 24, 2025
At its annual conference, Alibaba unveiled Qwen3-Max, a powerful language model boasting more than one trillion parameters. Executives said the system is designed for code generation and autonomous agents.
Alibaba Stock Soars on AI Spending Hike. It’s Not Been This Hot Since 2017. It Can Keep Going. https://t.co/HhfA30bB8x
— Barron's (@barronsonline) September 24, 2025
The firm also introduced Qwen3-Omni, a multimodal AI for immersive experiences, including VR and smart vehicles. Alibaba further announced a partnership with Nvidia to develop advanced AI capabilities.
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