Alibaba (BABA) Stock Doubles in 2025 as Dubai Data Centre Opens for Business

TLDR Alibaba Cloud launched its second data centre in Dubai, nine years after the first, as part of a $53 billion three-year investment plan. The expansion aims to meet growing AI and cloud computing demand in the Middle East, with partnerships including Abu Dhabi’s Wio Bank. Alibaba stock has surged over 100% year-to-date, driven by [...]

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