10:11 AM EDT, 06/20/2025 (MT Newswires) -- Alibaba ( BABA ) plans to open a second data center in South Korea by the end of this month to bolster its artificial intelligence and cloud computing capabilities, Bloomberg reported, citing the company.

The new data center is part of a previously announced 380 billion yuan ($52.9 billion) investment in AI and cloud infrastructure, aimed at meeting increasing demand from South Korean businesses for cloud and AI services, the report said.

Alibaba ( BABA ) didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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