Alibaba surges 36% in Hong Kong this quarter on AI rebound

BIDU Baidu Inc ADR

$87.05 +0.07%

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1. 1Alibaba (BABA) shares in Hong Kong jump 36% this quarter, outperforming the Hang Seng Tech Index
2. 2Heavy investment in generative models, cloud, and chips is expected to drive 8.4% revenue growth in the June quarter
3. 3On track for its biggest quarterly outperformance versus Tencent since early 2025, with earnings due Thursday

Source Bloomberg · View original ↗

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