Alibaba’s AI Gold Rush & Trade-War Shocks: Chinese Tech Stocks on a Wild Ride
This year Alibaba has broken out of its 2020–24 malaise. On Sept 24 the stock jumped as much as 7.8% intraday after it unveiled a major new AI modelts2.tech. By Oct 3 it hit its highest in almost four yearsts2.tech. Key drivers: co-founder Jack Ma has quietly reengaged, and new CEO Eddie Wu has doubled down on AI/cloud. Alibaba’s cloud unit grew 26% in Q2 2025ts2.tech, helping beat guidance even as core e‑commerce slowed. The company still generates fat profits: in the past 12 months it made $20.7B net on $139.7B revenuets2.tech. It finished FY2025 with ~$23B net cash and has been aggressively buying back sharests2.techts2.tech.
