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Alibaba's AI surge triggers $50 bn rally
Financial Express Kochi
|September 02, 2025
ALIBABA GROUP HOLDING Ltd.'s stock leapt more than 19% after reporting a surge in revenue from AI, underscoring the steady headway it's making against rivals in a post-DeepSeek Chinese development frenzy.
China's e-commerce leader posted a triple-digit percentage gain in AI-related product revenue as well as a better-than-anticipated 26% jump in sales from the cloud division—the business most closely tied to the artificial intelligence boom.
That helped assuage investors nervous about the fallout from a worsening battle with Meituan and JD.com Inc. in internet commerce. Alibaba's shares gained their most intraday since November 2022 in Hong Kong, boosting the company's market value by more than $50 billion.
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Financial Express Kochi
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Financial Express Kochi
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Financial Express Kochi
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2 mins
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