Chinese e-commerce and cloud computing giant forecasts 30 billion yuan AI revenue in 2026, with agents driving more than half of cloud sales
2-MIN READ2-MIN ListenWency Chenin ShanghaiPublished: 2:00pm, 21 May 2026Alibaba Group Holding’s heavy investments in artificial intelligence have moved beyond the “initial” phase and entered “full-scale commercialisation”, the Chinese e-commerce and cloud computing giant says in a shareholder letter as it doubles down on AI as its next major growth engine.“We expect the addressable market for companies like Alibaba that provide full-stack AI capabilities is poised to grow exponentially,” chairman Joe Tsai and CEO Eddie Wu Yongming said in a joint shareholder letter issued on Wednesday.
“Today, we stand at a critical inflection point in the development of artificial general intelligence.”
“What we’re building is China’s AI factory,” said Liu Weiguang, senior vice-president of the cloud computing unit, at Alibaba’s cloud summit in Hangzhou on Wednesday.
