Alibaba says it holds 36% stake in Moonshot as it pivots to AI for future growth

Alibaba says it holds 36% stake in Moonshot as it pivots to AI for future growth

A man walks past the Alibaba booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/File Photo

Alibaba Group Holding Ltd revealed on Friday that its overall investment in Chinese artificial intelligence (AI) startup Moonshot AI in the latest fiscal year has reached $800 million.