Thursday, 13 February, 2025

Alibaba's AI Advancements Propel $87 Billion Market Surge

Alibaba's Hong Kong-listed shares have surged 46% since January 13, 2025, adding nearly $87 billion to its market value. This growth outpaces the Hang Seng Tech Index's 25% gain and is driven by optimism surrounding Alibaba's AI services and platform development. The rally follows the release of Chinese AI startup DeepSeek's technologies, which have significantly impacted Wall Street.