Alibaba Group (BABA) shared major plans today at the Alibaba Cloud Go-Global Conference. Eddie Wu, CEO of Alibaba and Chairman of Alibaba Cloud Intelligence, spoke about how the company is moving faster to take its AI products overseas. The goal is to grow its international presence and support Chinese businesses expanding abroad. A key part of this push is the rollout of its large language models (LLMs), such as Qwen and Model Studio, across global markets.
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BABA Expands AI Reach with Qwen3
Wu shared that the company’s latest model, Qwen3, now supports 119 languages, including many regional dialects and less commonly spoken languages. This broad reach has helped Qwen gain traction in markets like Japan, Southeast Asia, and the Middle East.
By doing so, Alibaba Cloud is not only showing its AI strength but also proving its commitment to serving users worldwide, no matter the language they speak.
Alibaba Cloud Builds Global Network to Power AI Growth
To support rising demand, Alibaba Cloud is moving quickly to build a strong global cloud network. This will cover regions like China, Japan, South Korea, Southeast Asia, the Middle East, Europe, and the Americas.
As part of the plan, the company aims to finish setting up data centers in seven countries—Japan, Malaysia, Mexico, the Philippines, South Korea, Thailand, and the UAE—by the end of the year.
Alongside this, Alibaba Cloud wants to guide Chinese firms going global. It plans to offer outbound consulting and build overseas teams for tech and customer support to ease their journey abroad.
Big Investment to Back Global Expansion
To fuel these effort, Alibaba Cloud will invest ¥380 billion (about $53 billion) over the next three years in cloud and AI growth. This investment, exceeding what Alibaba spent in the past ten years on the sector, strengthens the company’s standing as a major global force in cloud technology.
Wu said the company sees this moment as a major opportunity. By building top-quality tech and services, Alibaba Cloud aims to help Chinese businesses succeed on the global stage.
Is Alibaba Stock a Good Buy Now?
After Alibaba’s Q4 FY25 earnings on May 15, multiple Wall Street firms maintained a positive outlook on BABA stock.
On TipRanks, BABA stock has a Strong Buy consensus rating based on 13 unanimous assigned in the last three months. Also, the average Alibaba price target of $164.50 implies 33.10% upside potential from current levels.
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