Alibaba Stock Skyrockets on AI Breakthrough – Key Facts & Latest 2025 Update
Alibaba shares jumped up to 7.8% in Hong Kong on Sept. 24, 2025, after unveiling its “Qwen3-Max” AI model and a ¥380 billion investment in AI infrastructure. Cloud revenue surged 26% last quarter, but overall revenue missed forecasts and margins narrowed. Chinese regulators summoned Alibaba’s UCWeb over content violations. The company is expanding globally, including a major push in South Korea and a $3.2 billion bond sale for cloud growth.