Alibaba announced on Monday its plan to invest a minimum of 380 billion yuan ($52.44 billion) in enhancing its cloud computing and artificial intelligence infrastructure over the next three years. This commitment follows the company's previous indication of investing in the sector without specifying a precise amount.

With reported revenue of 280.15 billion yuan for the three months ending on December 31, slightly surpassing analysts' expectations, Alibaba emphasized that this future investment surpasses its total expenditure in AI and cloud computing over the past decade.

Alibaba has positioned itself as a leader in China's AI competition for 2025, attracting investors through strategic deals. The company's stock has surged by more than 68% this year as of the latest close.

In addition to Alibaba, other Chinese companies like ByteDance, the parent company of TikTok, are also increasing investments in this realm. Reuters, in late January, revealed that much of ByteDance's capital expenditure this year will focus on AI.

(Conversion rate: $1 = 7.2470 Chinese yuan renminbi)