Alibaba's strategic investments in artificial intelligence are yielding significant operational benefits, with early tests indicating a 12% increase in advertising efficiency. This development comes as the company prepares for Singles Day, a major shopping event. Executives Kaifu Zhang and CFO Toby Xu have emphasized the role of AI-driven tools in enhancing marketing ROI and platform performance.
The company has allocated 380 billion yuan (approximately $53 billion) over three years to bolster its AI and cloud capabilities. Additionally, Alibaba has raised $3.2 billion through convertible bonds to expedite infrastructure development, underscoring its commitment to leveraging AI for business growth.
Alibaba's AI Investments Boost Ad Efficiency by 12% Ahead of Singles Day
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