Alibaba Shares Soar 18.5% On Strong AI And E-Commerce Outlook
The logo for Alibaba Group Holding Ltd.’s cloud unit displayed on a banner during the Alibaba Cloud AI Tech Day event in Kuala Lumpur, Malaysia, on Thursday, Feb. 27, 2025. Samsul Said/Bloomberg Shares of Alibaba surged 18.5% in Hong Kong on Monday as investors were encouraged by Chinese web giant’s progress in AI and its…