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Alibaba partnered with state-owned enterprises to establish Zhonghe (Xiangshan) Nuclear Energy Co., Ltd., with a registered capital of 250 million yuan. The company will focus on various energy services.

This move aims to ensure stable power supply for Alibaba's data centers amid rising energy demands. Private investment in nuclear projects in China is increasing, as seen in recent investments by companies like Geely and Wanxiang. Alibaba's strategy aligns with China's energy technology innovation trends, positioning itself for future market opportunities in private nuclear power.