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Alibaba shares fall 4.30% as company expands AI chip and cloud infrastructure

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  • Alibaba introduced the Zhenwu V900 at its Apsara Conference in Hangzhou.
  • Zhenwu V900 promises three times the performance of the Zhenwu M890, introduced earlier in May.
  • Alibaba Cloud targets global data center capacity above 20 gigawatts by 2032.
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