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.
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