Alibaba raises $10.2bn in Hong Kong share sale
Company selling 710 million shares in an equity placement
News - China, Alibaba Cloud
The latest news from the AI, data center, telco, chip, and cloud sector
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Alibaba Cloud plans to lean on its self-developed chips moving forward
Hopes this will improve its margin and profitability
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AI lab Moonshot leases 20,000 Nvidia GPUs from Alibaba Cloud - report
Makes up a significant proportion of Moonshot's overall compute capacity for Kimi models
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Alibaba announces new AI chip for training and inferencing workloads
Zhenwu M890 has 144GB of GPU memory
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Alibaba Cloud needs 10x its 2022 compute capacity, says CEO Eddie Wu
While Tencent Cloud struggles to generate an ROI from GPUs
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Alibaba ships 470,000 AI chips, predicts $100bn in cloud and AI revenue in the future
But investors remain unimpressed
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Chinese cloud providers hike up prices for cloud and AI services
Alibaba Cloud, Tencent, and Baidu hop on the bandwagon
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Alibaba Cloud pushes ahead with Shanghai data center, will house custom Zhenwu chips
Chinese cloud provider signs new agreement with Jinshan District government for project
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Alibaba considers increasing AI data center capex spend to $69bn over three years - report
Company said to have even purchased large amounts of consumer graphics cards to create clusters
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Alibaba Cloud revenue grows 34%, company can't keep up with AI demand
Alibaba dismisses concerns about an "AI bubble"
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Alibaba Cloud claims it can reduce GPU use by 82% with pooling system
Enables a 9x output increase, says company
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Google Cloud plans LA28 Games partnership, Alibaba Cloud teams up with NBA China
Cloud and AI services for games around the world
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Alibaba seeks $3.2bn raise in convertible bonds for cloud unit
Will be used to fund international expansion and strengthen its cloud computing business
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Bosch and Alibaba sign cloud and AI agreement
Will focus on cloud migration and AI cooperation
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Alibaba's cloud unit sees 26% revenue growth YoY
Compared to company-wide revenue growth of just two percent
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Cloud computing spend in China reached $11.6bn in Q1 2025
Alibaba Cloud takes the lion's share, followed by Huawei and Tencent Cloud
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Alibaba Cloud reaffirms $52.7bn global buildout plans
CEO Eddie Wu says company will create a "unified global cloud network" in the wake of H20 export bans
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Alibaba Group to invest $53bn in cloud and AI infrastructure in next three years
Expects this period to be the company's "most concentrated and highest level of investments"
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US and Chinese cloud providers offer access to DeepSeek models
Amazon, Microsoft, Google, Huawei, and Alibaba Cloud among those to bring DeepSeek onboard
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Fire breaks out at Alibaba Cloud data center construction site
No impact on cloud services
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Alibaba Cloud revenue up 7% for the quarter, cites AI as key factor
Tencent also releases quarterly earnings
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Alibaba Cloud completes 500 petabyte data migration for Chinese social media platform
Xiaohongshu spent full year migrating the data
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Alibaba Cloud claims modular data center can halve build times
Company invests in solutions to help satisfy demand for AI
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Alibaba Cloud revenue hits $3.64bn for the quarter
A six percent growth rate, alongside increasing capex spend
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Alibaba extends cloud price cuts to international customers
Cloud costs cut by as much as 59 percent for customers globally
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Alibaba cuts cloud services costs by up to 55%, JD drops prices
While Chinese tech giants hog AI-training computing resources
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US chip export ban scuppers Alibaba's cloud spin off
Shares fall by 10 percent
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Alibaba CEO Daniel Zhang quits company, steps down as leader of cloud unit
Leadership restructure was meant to see Zhang focus solely on Alibaba Cloud