The Chinese technology giant first mentioned the plan last week when it reported results but didn’t provide a specific figure.

The internet company co-founded by Jack Ma plans to spend more on its AI and cloud computing network than it has over the past decade

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.

Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on 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 artificial intelligence.

Alibaba has gained more than $100 billion of market value in 2025, though it’s still far from its pre-crackdown peak.

Chinese tech company Alibaba (NYSE:BABA) on Monday unveiled plans to invest at least 380 billion yuan ($52.44 billion) in its cloud computing and artificial intelligence infrastructure over the next three years.