Alibaba CEO’s focus on theoretical technology comes after a good few years for the e-commerce giant and Qwen maker.

CEO said the pursuit of artificial general intelligence is the company's primary objective when it comes to their AI strategy. "So when it comes to Alibaba's AI strategy, our first and foremost goal is to pursue AGI.

KEY TAKEAWAYS U.S.-listed shares of Alibaba Group are rising in premarket trading Friday after GameStop CEO Ryan Cohen reportedly raised his stake in the Chinese tech giant and as investors cheered the company’s "aggressive" plans to boost AI spending.

GameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, the Wall Street Journal reported Thursday.

GameStop CEO Ryan Cohen has expanded his stake in Alibaba to roughly 7 million shares worth about $1 billion. The investment signals a bullish outlook on China’s economic growth. Alibaba’s shares surged over 8% on Thursday after reporting a sharp profit increase in the December quarter,

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China

Chinese e-commerce titan Alibaba on Thursday beat expectations on top and bottom line in its December quarter, citing the strength ongoing strength at its Cloud Intelligence unit.