FilingsSEC filing

Alibaba said on Feb 24, 2025 it planned to invest at least RMB380 billion in AI and cloud over three years

From the public record1 min read

Published Oct 27, 2026 · 11:35 UTCFiled Feb 24, 2025

Form6-K

FiledFeb 24

CompanyAlibaba

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

In a Form 6-K (the report a foreign company files with the US Securities and Exchange Commission) filed on Feb 24, 2025, Alibaba said it planned to invest at least RMB380 billion (US$53 billion) over three years in its cloud computing and AI infrastructure. The company framed the plan as a sign of its commitment to long-term technological innovation and its focus on AI-driven growth. The announcement was Exhibit 99.1 to that filing, which is on the SEC EDGAR site.1 2 3 4

How each figure was checked4 facts

the investment Alibaba announcedat least RMB380 billion (US$53 billion) over the next three yearsAlibaba press release, Exhibit 99.1 to the Form 6-K ↗
the day the 6-K was filedFeb 24, 2025Our database
the form6-KOur database
how the company described the planreinforcing its commitment to long-term technological innovationAlibaba press release, Exhibit 99.1 to the Form 6-K ↗