Alibaba's Hong Kong&listed shares hit a nearly four&year high after CEO Eddie Wu announces plans to increase AI spending beyond the $53B target over three years (Luz Ding/Bloomberg)

Luz Ding / Bloomberg: Alibaba's Hong Kong-listed shares hit a nearly four-year high after CEO Eddie Wu announces plans to increase AI spending beyond the $53B target over three years  —  Alibaba Group Holding Ltd.'s shares surged to their highest in nearly four years after revealing plans to ramp up AI spending past …

Sep 24, 2025 - 16:04
Alibaba's Hong Kong&listed shares hit a nearly four&year high after CEO Eddie Wu announces plans to increase AI spending beyond the $53B target over three years (Luz Ding/Bloomberg)
Luz Ding / Bloomberg: Alibaba's Hong Kong-listed shares hit a nearly four-year high after CEO Eddie Wu announces plans to increase AI spending beyond the $53B target over three years  —  Alibaba Group Holding Ltd.'s shares surged to their highest in nearly four years after revealing plans to ramp up AI spending past …