Shares have soared this year, but the online retailer's plans for an AI spending spree haven’t gone down so well.

Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain consumer sentiment and decelerating economic

Chinese e-commerce giant Alibaba Group has revealed it is investing $53 billion (€50.6bn) into cloud computing and artificial intelligence over the next three years. This would be one of the company's biggest tech investments so far, surpassing its ...

The spending over the next three years is more than half the US$100 billion the US plans for its Stargate project.

Alibaba Group has planned to enter into the global AI race by investing more than 380 billion yuan in artificial intelligence and cloud computing.According to SCMP, a company co-founded by Jack Ma on Monday,

Alibaba Group (NYSE:BABA – Free Report) had its target price upped by Benchmark from $118.00 to $190.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

Alibaba Group Holding Ltd. posted its fastest pace of revenue growth in more than a year, as the Chinese internet pioneer co-founded by Jack Ma takes another step toward a recovery after years of turbulence.

Shareholders of Alibaba Group Holding Limited ( NYSE:BABA ) will be pleased this week, given that the stock price is