{"id":133690,"date":"2025-07-30T09:00:17","date_gmt":"2025-07-30T09:00:17","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=133690"},"modified":"2025-07-30T09:00:17","modified_gmt":"2025-07-30T09:00:17","slug":"alibabas-finance-chief-voices-confidence-in-chinas-ai-boom","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=133690","title":{"rendered":"Alibaba\u2019s finance chief voices confidence in China\u2019s AI boom"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostAlibaba Group Holding\u2019s chief financial officer Toby Xu Hong reiterated the company\u2019s confidence in China\u2019s growing artificial intelligence sector and the consumer market\u2019s resilience in an interview with state news agency Xinhua, as he highlighted the tech giant\u2019s significant investments in AI research, infrastructure, and on-demand delivery.<br \/>\nXu said Alibaba had earmarked 380 billion yuan (US$52 billion) for AI infrastructure, and 50 billion yuan for subsidies to merchants and consumers to&#8230;<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3320131\/alibabas-finance-chief-voices-confidence-chinas-ai-boom-and-consumer-market?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostAlibaba Group Holding\u2019s chief financial officer Toby Xu Hong reiterated the company\u2019s confidence in China\u2019s growing artificial intelligence sector and the consumer market\u2019s resilience&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/133690"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133690"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/133690\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133690"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}