This is reported by Bloomberg. The company's shares, which are traded on the Hong Kong Stock Exchange, increased in price by 46% after reaching a low on January 13, 2025.
Investors are buying Alibaba shares, inspired by its success in developing artificial intelligence mechanisms. The company is actively developing its own AI platforms, which have become especially in demand after the success of the Chinese startup DeepSeek, which introduced an innovative language model.
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Another growth driver was the announcement of a collaboration with Apple. On February 12, it became known that the American giant had submitted an application to Chinese regulators to introduce AI functions created jointly with Alibaba into the iPhone for the local market. This partnership has strengthened investors' confidence in the company's prospects.
