Shares of Alibaba Group ( BABA 9.56%) are flying higher on Thursday. The company's stock gained 10.4% as of 10:24 a.m. ET. The gain comes as the S&P 500 ( ^GSPC -0.85%) lost 0.8% and the Nasdaq Composite ( ^IXIC -0.91%) lost 1.1%.

Alibaba Group Holding Ltd (阿里巴巴) pledged to invest more than 380 billion yuan (US$52.4 billion) in artificial intelligence (AI) infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in AI.

Alibaba’s 239% profit surge boosts shares nearly 15%, while Amazon tops Walmart in revenue for the first time. Is tech taking over retail dominance?

Alibaba Group BABA delivered mixed results in its third-quarter fiscal 2025 earnings report, triggering a significant market response with shares surging 10% in Hong Kong and 8% in U.S. trading. The company's revenues reached $38.

Alibaba CEO’s focus on theoretical technology comes after a good few years for the e-commerce giant and Qwen maker.

Alibaba Group Holding Ltd has announced a massive investment of $53 billion in artificial intelligence (AI) infrastructure, including data centers, in the next three years. The move highlights the e-commerce giant's ambition to become a global leader in AI technology.

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.

Amazon, like Alibaba, wears dual hats of retailer and cloud provider. The company's retail unit is its biggest moneymaker — but revenue is also fueled by its cloud computing services.