Lates News

Morgan Stanley issued a report stating that Alibaba is expected to increase its global data center power consumption by ten times from 2022 to 2032 and may further increase its investment in artificial intelligence. At the same time, the company released the latest flagship model, Qwen3-Max, as well as an upgraded version of the Hundred Refining Intelligent Body platform. The firm continues to be optimistic about Alibaba's position as China's leading AI enabler, reiterating a price target of $200 for Alibaba's stock and rating it as "overweight".