Overview

• Alibaba Cloud is adding Nvidia’s full Physical AI software stack to its Platform for AI to support robotics, autonomous driving and other embodied AI use cases.
• CEO Eddie Wu said AI infrastructure spending will rise beyond the previously pledged 380 billion yuan over three years, without specifying a new total.
• The company announced new data centers in Brazil, France and the Netherlands, with further sites planned in Mexico, Japan, South Korea, Malaysia and Dubai.
• Alibaba also showcased next‑generation models, including Qwen3‑Max and Qwen3‑Omni, targeting large‑scale reasoning, code generation and multimodal experiences.
• Shares hit multi‑year highs as mainland buyers purchased HK$61 billion of stock in September, while questions persisted over whether the Nvidia partnership involves GPU purchases under Chinese and U.S. restrictions.