Site icon VMVirtualMachine.com

Alibaba Becomes China’s New AI Darling With $87 Billion Rally

Alibaba Becomes China’s New AI Darling With  Billion Rally

(Bloomberg) — The frenzy over Chinese artificial intelligence is turning Alibaba Group Holding Ltd. into an investor favorite again, injecting new life into an e-commerce giant that had nearly sunk into obscurity following a years-long regulatory crackdown.

Most Read from Bloomberg

Alibaba’s Hong Kong-listed shares have surged 46% since hitting a 2025 low on Jan. 13, expanding its market value by nearly $87 billion and exceeding the Hang Seng Tech Index’s 25% gain in the same…

Article Source
https://finance.yahoo.com/news/alibaba-becomes-china-ai-darling-105247665.html

Exit mobile version