AI
Alibaba becomes China’s new AI darling with $87 billion rally
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The frenzy over Chinese artificial intelligence is turning Alibaba Group Holding Ltd. into an investor favourite again, injecting new life into an ecommerce giant that had nearly sunk into obscurity following a years-long regulatory crackdown.
Alibaba’s Hong Kong-listed shares have surged 46% since hitting a 2025 low on January 13, expanding its market value by nearly $87 billion and exceeding the Hang Seng Tech Index’s 25% gain in the same period. That makes the stock by far the best performer in China’s Big Tech universe in the new year,…
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