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Alibaba Shares Soar 18.5% On Strong AI And E-Commerce Outlook

admin5543 months ago05 mins

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…

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  • Fashion

Global Labubu Craze Makes Pop Mart’s Young Founder Richer Than Jack Ma

admin5543 months ago04 mins

A Pop Mart store in Shanghai. The company released a mini-series of Labubu dolls this week that sold out quickly online. Getty Wang Ning, founder of toy maker Pop Mart International Group, has become richer than Alibaba cofounder Jack Ma thanks to the global mania for the company’s Labubu dolls. The 38-year-old chairman and CEO,…

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