Alibaba has staged a quiet 0 billion rally — AI and Jack Ma’s return are at the heart of it

Alibaba has staged a quiet $100 billion rally — AI and Jack Ma’s return are at the heart of it

The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.

CFOTO | Future Publishing | Getty Images

In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to “correct its course.” The message was as a rallying cry by one of China’s most prominent tech leaders to a company going through one of the most tumultuous times in its history.

Alibaba’s share price was near record lows, growth was stalling amid intensifying…

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https://www.cnbc.com/2025/03/28/alibaba-100-billion-stock-rally-fueled-by-ai-jack-ma-return.html

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