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Alibaba shares soar 11% in Hong Kong after stellar earnings as China's e-commerce sector recovers

Summary by CNBC

Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.

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Nikkei

Hong Kong shares hit 3-year peak as money flows to China tech sector

SHANGHAI/HONG KONG -- Hong Kong shares hit their highest in three years on Friday as better-than-expected earnings by e-commerce conglomerate Alibaba

1 day ago·Japan

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Chronicle-Tribune

+2 Reposted by 2 other sources

Asian markets advance as Alibaba fuels Hong Kong tech rally

Asian markets rose Friday, with Hong Kong leading the way thanks to a surge in tech stocks led by ecommerce titan Alibaba.

1 day ago

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CNBC

Alibaba shares soar 11% in Hong Kong after stellar earnings as China's e-commerce sector recovers

Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.

2 days ago·United States

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The Straits Times

Alibaba rockets higher as comeback for Jack Ma’s empire takes hold

Alibaba is staging a comeback as its AI initiatives bear fruit.

2 days ago·Singapore

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mediavidi.com

Watch These Alibaba Price Levels as Stock Jumps to 3-Year High After Earnings #OnlineShopping #EcommerceBusiness #EcommerceStore

Alibaba Group’s (BABA) U.S.-listed shares soared to a three-year high on Thursday after the Chinese technology and e-commerce giant reported quarterly results above Wall Street expectations. The company said its artificial intelligence-driven strategies had reaccelerated growth in its core businesses, adding that AI-related product revenue achieved triple-digit growth for the sixth consecutive quarter. Alibaba shares have surged 60% since the s…

9 hours ago

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TechTrendsKE

Alibaba Reports Fastest Revenue Growth in Over a Year Amid AI Expansion

Alibaba Group Holding Ltd. has posted its fastest revenue growth in over a year, signaling a strong recovery. The Chinese tech giant reported e-commerce gains and higher-than-expected cloud revenues, reflecting a rebound in consumer spending and its ability to fight outside competitors ByteDance Ltd. and PDD Holdings Inc. Its stock soared 11% in early New … The post Alibaba Reports Fastest Revenue Growth in Over a Year Amid AI Expansion appeared…

1 day ago

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