Alibaba says its AI spending in e-commerce is already breaking even
1. Alibaba invests over $50 billion in AI over the next three years. 2. Recent AI tools have improved advertising returns by 12%, enhancing e-commerce performance. 3. Singles Day sales are expected to see a significant boost from AI integration. 4. China's e-commerce unit generated $19.53 billion, growing 10% year-on-year. 5. Alibaba prioritizes AI investments over short-term profit margins.