The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.

Alibaba shares are trading higher by 4.6% Friday afternoon. The stock is rising due to a combination of strong earnings, bullish analyst outlooks and growing confidence in China's tech sector.

U.S.-listed shares of Alibaba Group are falling 3% in premarket trading Monday after the Chinese tech giant announced plans ...