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Alibaba AI Business Enters Commercial Phase, Targets 30 Billion Yuan Revenue in 2026

GateNews

AI Industry News AI Agent

2026-05-21 08:21:48

BABA-3.61%

According to South China Morning Post, Alibaba said its AI business has entered commercial phase, with expected AI revenue of 30 billion yuan (US$4.41 billion) in 2026, with AI agents contributing more than half of cloud sales.

The company plans to spend more than 430 billion yuan (US$63.2 billion) over three years on AI infrastructure, cloud chips, and models. Alibaba's current AI products include the Qwen consumer app and Wukong platform for enterprise users.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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