Alibaba Cloud targets global data-center capacity exceeding 20 gigawatts by 2032; this remains a management goal.

FinancialJuice attributes to Alibaba’s chief executive a goal for Alibaba Cloud’s global data-center capacity to exceed 20 gigawatts by 2032. This is a management target for the global estate, not a statement of current operating capacity, contracted power, or a single-site development.

The supplied messages also report that the Qwen team aims to train a new model with 5–10 trillion parameters. That is a separate model-development objective; the source does not assign a specific portion of the 20-gigawatt target to that model or provide a corresponding accelerator requirement.

A follow-up message timestamped September 23 UTC reports that Citi raised its Alibaba (阿里巴巴) capital-expenditure estimates for 2027, 2028, and 2029 to RMB 258 billion, RMB 283 billion, and RMB 282 billion, respectively—revisions of 13%, 41%, and 57%. These are analyst forecasts, not company spending commitments; Citi explicitly assumes investment sharing with partners based on CEO Eddie Wu’s (吴泳铭) remarks about “investment through industry cooperation” (通过产业合作进行投资).