#BTC. Ali is buying cards at a large scale for AI development. “For the quarter ended June 30, 2026, capital expenditures amounted to 67.678 billion yuan, up 75% from 38.676 billion yuan in the same quarter of 2025. This includes fluctuations in procurement cycles, increases in CPU computing power driven by customers’ continued adoption of AI agents, and rising prices of various chip components.” ​​​