Alibaba Shares Surge to Highest Since 2022 on AI Rally
- Firm’s HK-listed stock has surged 46% in the past month
- Optimism has grown about Alibaba’s efforts on own AI tech
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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.
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 as of Wednesday’s close. That exceeds the Hang Seng Tech Index’s 25% gain in the same period. And it makes the stock by far the best performer in China’s Big Tech universe in the new year, outshining rivals Tencent Holdings Ltd., Baidu Inc. and JD.com Inc.