Alibaba-affiliated stocks have seen partial price movements, with Zhejiang University Netnew achieving the daily limit, while stocks such as Hangzhou Iron and Steel and Zhejiang Digital Culture have followed suit. The Yuhang District of Hangzhou is currently investigating local supporting suppliers and core products with the aim of participating in Alibaba Group's cloud and AI investment plan. Alibaba's latest financial report has highlighted significant growth in its cloud and AI business, with projected related capital expenditures for the next three years anticipated to surpass the total expenditure of the past decade.
