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The Latest Breaking News from Eddie Wu

Alibaba's $53 Billion AI Push Is The Threat Nvidia Can't Ignore

Alibaba Group Holding Ltd‘s (NYSE: BABA) (NYSE: BABAF) stealth AI expansion may be Wall Street's blind spot—but it's Nvidia Corp's (NASDAQ: NVDA) margin moat that's directly in the crosshairs. CEO Eddie Wu has pledged to surpass the company's $53 billion AI investment as demand for compute skyrockets, setting up a…

Benzinga

Alibaba's $53 Billion AI Play Ignites Its Stock—These ETFs Are In Focus

Alibaba Group Holding Inc.’s (NYSE: BABA) U.S.-listed shares have been on a tear throughout 2025, more than doubling so far this year and reaching their highest since October 2021. The rally gained momentum this week following CEO Eddie Wu’s commitment to increase AI spending beyond the already staggering $53 billion over three years. The…

Benzinga

Alibaba Surges 107% After Boosting AI Budget Beyond $50 Billion And Reporting Strong Cloud Growth

Alibaba Group (NYSE: BABA) stock climbed to its highest level in nearly four years after the company announced it would increase artificial intelligence spending beyond its previously disclosed $50 billion-plus target. The stock is trading lower on Thursday, but it is still up 107% year-to-date, surpassing the NYSE Composite index…

Benzinga

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Alibaba Stock: Shares Rocket 9% in US Premarket After CEO Pledges to Pour Cash Into AI

Alibaba's US-listed shares jumped 9% in premarket trading after CEO Eddie Wu pledged to expand the company's multibillion-dollar investment in artificial intelligence and cloud infrastructure.

International Business Times UK

Alibaba Partners With Nvidia To Power Robots And Self-Driving Cars

Alibaba Group (NYSE:BABA) is deepening its artificial intelligence ambitions by integrating Nvidia’s (NASDAQ:NVDA) suite of “physical AI” development tools into its cloud platform, a move that strengthens ties between two of the most influential players in global AI. Alibaba shares rose on Wednesday following the announcement.

Benzinga

Tech giant Alibaba sees shares rise after CEO pledges AI spending lift

The e-commerce company also launched its largest ever artificial intelligence model, the Qwen3-Max, as AI competition grows between tech firms.

Euronews

Alibaba Stock Spikes 7.6% In Hong Kong, Overnight On Robinhood As CEO Eddie Wu Reportedly Plans To Expand $53 Billion AI Spending

Shares of Chinese e-commerce giant, Alibaba Group Holding Ltd. (NYSE:BABA), are surging amid 24-hour trading on Robinhood. The stock rose 7.98% to $176.10 on the platform popular with retail traders.

Benzinga

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Should You Buy the Post-Earnings Pop in Alibaba Stock?

Alibaba stock extends gains after reporting strong earnings for its fiscal Q2. JPMorgan analyst sees BABA shares hitting $170 within the next 12 months.

Barchart

Alibaba Sees Historic Opportunities As CEO Points To AI And Quick Commerce Wins

Alibaba Group Holding (NYSE:BABA) shares climbed on Friday following the release of its fiscal first-quarter results, as the e-commerce giant co-founded by Jack Ma reported revenue that exceeded analyst expectations.

Benzinga

Alibaba Streamlines Leadership Amid AI and Global Push

Number of partners reduced from 26 to 17 as Alibaba sharpens focus on revitalizing growth

Caixin Global

Despite £42 Billion AI Investment Commitment, Alibaba's Stocks Sees 10% Drop This Week

For industry observers, Alibaba's lack of specificity has left investors feeling uncertain, raising more questions than answers.

International Business Times UK

China tech firms like Alibaba and Lenovo are rallying on DeepSeek hype and AI’s ‘once every several decades’ opportunity

China’s tech earnings this week now give an early glimpse into how its tech CEOs are thinking about DeepSeek.

Fortune

Stock Market Today: Growth Concerns Drag on Stocks

Forward-looking commentary from a major retailer outweighed its backward-looking results as all three major equity indexes retreated on Thursday.

Kiplinger

Jack Ma Breaks Silence, Endorses Alibaba's Restructuring Efforts

Jack Ma breaks years of silence to endorse Alibaba's comprehensive restructuring, praising the company's leadership.

International Business Times

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Top News

Alibaba reports mixed results, plans share buyback to boost growth

Alibaba reports mixed results with strong growth in China E-Commerce, increased share buyback program, and focus on improving user experience. Asian equiti...

Fortune

Alibaba is replacing its e-commerce head after just nine months in the job as it tries to beat back Pinduoduo- and Temu-owner PDD

Eddie Wu, Alibaba Group CEO, is now taking direct control over the tech giant's e-commerce division.

The Independent UK

China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

The Independent UK

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle

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Al Jazeera

China’s Alibaba sees shares tumble as outgoing CEO quits cloud business

Announcement that Daniel Zhang will not continue to lead cloud business takes markets by surprise.

The Independent UK

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies

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