Market Chatter: Alibaba Group to Resume Hiring Amid Renewed Confidence After Xi Meeting

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Market Chatter: Alibaba Group to Resume Hiring Amid Renewed Confidence After Xi Meeting

MT Newswires Live03-27

Alibaba Group Holding (HKG:9988) Chairman Joe Tsai said the company will restart hiring after 12 consecutive quarters of declining headcount, following a recent meeting with President Xi Jinping and business leaders, Reuters reported on Wednesday.

Tsai also expressed concerns about a potential AI investment bubble in the U.S., cautioning that massive data center projects may be premature, Reuters said, quoting the chairman.

Meanwhile, Alibaba plans to invest $52 billion in cloud computing and AI infrastructure over the next three years, as China's tech sector gains momentum, fueled by the success of startups like DeepSeek, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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