{"id":250793,"date":"2025-05-21T17:33:23","date_gmt":"2025-05-21T17:33:23","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/alibabas-home-province-launches-138-billion-ai-push-to-double-chinas-industry-output-by-2027-alibaba-gr-hldgs-nysebaba\/"},"modified":"2025-05-21T17:33:23","modified_gmt":"2025-05-21T17:33:23","slug":"alibabas-home-province-launches-138-billion-ai-push-to-double-chinas-industry-output-by-2027-alibaba-gr-hldgs-nysebaba","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=250793","title":{"rendered":"Alibaba&#8217;s Home Province Launches $138 Billion AI Push To Double China&#8217;s Industry Output By 2027 &#8211; Alibaba Gr Hldgs (NYSE:BABA)"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn.benzinga.com\/files\/images\/story\/2025\/05\/21\/Alibaba-Group-Holding-Limited_1.jpeg?optimize=medium&amp;dpr=1&amp;auto=webp&amp;height=675&amp;width=1200&amp;fit=crop\" \/><\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/Article\">\n<div>\n<div class=\"sc-kRnApQ MFhKM\"><!--$--><\/p>\n<p class=\"block core-block\"><strong>Alibaba Group Holding<\/strong> <span class=\"ticker\" data-ticker=\"BABA\" data-exchange=\"NYSE\" style=\"display:inline-block\">BABA<\/span> and <strong>DeepSeek\u2019s<\/strong> home province Zhejiang introduced a comprehensive policy package to <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/topic\/chinese-stocks\" rel=\"noreferrer noopener\">accelerate\u00a0artificial intelligence (AI)<\/a> research, industrial growth, and talent acquisition.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Major companies in the AI supply chain, including those responsible for large language models, cloud computing, and\u00a0semiconductors, could potentially generate combined operating revenues of over 1 trillion yuan ($138.6 billion) by 2027, nearly double the current production value of China\u2019s AI industry, which last year saw total output worth 570 billion yuan, SCMP <a target=\"_blank\" href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3311106\/alibaba-and-deepseeks-home-province-launches-ai-spending-spree-become-innovation-hub\" rel=\"noreferrer noopener\">reported<\/a> on Wednesday, citing official data.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">The strategy resonated with Beijing\u2019s call for technological self-reliance.<\/p>\n<p><!--\/$--><!--$--><!--$--><!--\/$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Financial support includes attracting more than 10 billion yuan in venture capital to invest in AI, especially subsidizing start-ups.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><em><strong>Also Read: <a href=\"https:\/\/www.benzinga.com\/\/node\/45546785\" target=\"_blank\">China\u2019s Twitter-Like Platform Weibo Keeps User Engagement High, Credits AI-Recommendation Engine<\/a><\/strong><\/em><\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">The policy takes effect on May 31 and will remain valid through 2027.<\/p>\n<p><!--\/$--><!--$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">The Guangdong government announced subsidies for the AI and robotics sectors in April. The Guangdong city of Shenzhen is home to tech firms, including\u00a0<strong>Tencent Holdings<\/strong> <span class=\"ticker\" data-ticker=\"TCEHY\" data-exchange=\"OTC\" style=\"display:inline-block\">TCEHY<\/span> and\u00a0<strong>Huawei Technologies<\/strong>.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Alibaba is considered the tech barometer of China. The stock surged over 46% year-to-date.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Alibaba reported its\u00a0<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/25\/05\/45473543\/alibabas-cloud-and-e-commerce-units-shine-as-analyst-sees-ai-take-rates-fueling-future-growth\" rel=\"noreferrer noopener\">fiscal\u00a0fourth-quarter<\/a> revenue growth of\u00a07%\u00a0to\u00a0$32.58 billion, missing the analyst consensus estimate of\u00a0$33.08 billion. It clocked an adjusted earnings per ADS of\u00a0$1.73, which\u00a0beat the\u00a0analyst consensus estimate\u00a0of\u00a0$1.48.\u00a0Cloud Intelligence Group revenue grew by\u00a018%\u00a0to\u00a0$4.15 billion.<\/p>\n<p><!--\/$--><!--$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>Benchmark\u00a0<\/strong>analyst Fawne Jiang continues to view Alibaba as a leading beneficiary of accelerated AI adoption in China and a top structural player in the sector.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>Price Action:\u00a0<\/strong>BABA shares traded lower by\u00a00.75%\u00a0to\u00a0$124.22 at\u00a0the last check on Wednesday.<\/p>\n<p><!--\/$--><!--$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>Read Next:<\/strong><\/p>\n<p><!--\/$--><!--$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><em>Photo via Shutterstock<\/em><\/p>\n<p><!--\/$--><\/div>\n<\/div>\n<div class=\"flex md:hidden flex-col gap-4 w-full max-w-[450px] my-4 mx-auto\">\n<div class=\"sc-fAcTok cDtkqf article-header-ticker-list h-full\">\n<div class=\"flex flex-col w-full h-full\">\n<div class=\"article-header-main-ticker\">\n<div class=\"mb-1\">\n<div class=\"sc-fsFrzz eYEsPY flex flex-col\">\n<div class=\"sc-eynGPH kMgmFn layout-dark relative\">\n<div class=\"bg-[#192940cc] flex flex-col items-center justify-center px-6 edge-banner\">\n<div class=\"paywall-data\">\n<h3 class=\"text-white\">Stock Score Locked: Want to See it?<\/h3>\n<p class=\"text-white\">Benzinga Rankings give you vital metrics on any stock \u2013 anytime.<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/premium\/ideas\/benzinga-edge?adType=stockwidget&amp;campaign=ranking&amp;ad=rankingv1\" class=\"sc-jIBlqr dOVCIV flat-blue md\" type=\"button\"><span>Reveal Full Score<\/span><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Alibaba Group Holding BABA and DeepSeek\u2019s home province Zhejiang introduced a comprehensive policy package to accelerate\u00a0artificial intelligence (AI) research, industrial growth, and talent acquisition. Major companies in the AI supply chain, including those responsible for large language models, cloud computing, and\u00a0semiconductors, could potentially generate combined operating revenues of over 1 trillion yuan ($138.6 billion) by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":250794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[9958,44537,11043,26301,613,71691,1159,11315,10851,91396,23948,21037,5850],"dealstore":[],"offerexpiration":[],"class_list":["post-250793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-alibaba","tag-alibabas","tag-billion","tag-chinas","tag-double","tag-hldgs","tag-home","tag-industry","tag-launches","tag-nysebaba","tag-output","tag-province","tag-push"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alibaba&#039;s Home Province Launches $138 Billion AI Push To Double China&#039;s Industry Output By 2027 - Alibaba Gr Hldgs (NYSE:BABA) - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=250793\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alibaba&#039;s Home Province Launches $138 Billion AI Push To Double China&#039;s Industry Output By 2027 - Alibaba Gr Hldgs (NYSE:BABA) - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Alibaba Group Holding BABA and DeepSeek\u2019s home province Zhejiang introduced a comprehensive policy package to accelerate\u00a0artificial intelligence (AI) research, industrial growth, and talent acquisition. 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