China’s AI Boom Could Outlast the U.S. Why Alibaba’s Bet Is Just the Start.

1. Alibaba plans to invest over 380 billion yuan in AI and cloud. 2. China's government supports an 'intelligent economy' by 2035 with funds. 3. China's energy infrastructure may boost AI development efficiency. 4. Alibaba's stock rose 8.4% following the AI investment announcement. 5. Government backing aligns Alibaba's strategy with national AI goals.