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HKG:9988.HK 24 September 2025 - 7 February 2026

Alibaba’s 2025 Tech Rally: AI Gold Rush, Stock Soars & What’s Next for 9988.HK

Alibaba’s 2025 Tech Rally: AI Gold Rush, Stock Soars & What’s Next for 9988.HK

Rally to Multi-Year Highs: Alibaba’s stock has staged a remarkable comeback in 2025. After two difficult years, the shares rebounded with powerful momentum this year, fueled largely by optimism around the company’s tech initiatives and a brighter Chinese policy environment. By early October, 9988.HK had climbed to about HK$183 per share, marking its highest level since 2021ts2.tech. This represents roughly an 85–90% gain year-to-datets2.tech – a stark outperformance versus the broader marketts2.tech. The rally accelerated in late September, when a series of bullish catalysts converged. On September 24, CEO Eddie Wu’s announcements on AI ignited an 8% one-day surge in the U.S.-listed sharests2.tech. This momentum carried into the first week of October: Hong Kong markets reopened on Oct 2 after a holiday and Alibaba jumped ~3.5% to HK$183.10 that dayscmp.com. The driver was a major upgrade from JPMorgan, which boosted its price target for Alibaba by 45% and praised the company’s cloud and AI prospectsscmp.com. Investors cheered this endorsement – Alibaba “advanced 3.5%” in that single sessionscmp.com, helping lift the Hang Seng Tech Index. Notably, Oct 2’s close around HK$183 was Alibaba’s highest in nearly 4 years. Pullback and Volatility: After peaking in early October, Alibaba saw a brief pullback
8 October 2025
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Alibaba Stock Skyrockets on AI Breakthrough – Key Facts & Latest 2025 Update

Alibaba Stock Skyrockets on AI Breakthrough – Key Facts & Latest 2025 Update

Alibaba’s stock has staged a strong comeback this year. On September 24, 2025, its Hong Kong shares spiked nearly 8% during the day on high volume reuters.com, after the company announced new AI initiatives. Shares eventually closed around HK$161, up from HK$159 the prior day – a more modest +1% daily gain after some intraday profit-taking. Even so, Alibaba has been in a steady uptrend: the stock has climbed ~70% year-to-date reuters.com, and is up ~85% over the past 52 weeks stockanalysis.com. This vastly outpaces the Hang Seng Index and the broader Chinese tech sector over the same period. The rally reflects improving investor sentiment toward Chinese tech giants. After a prolonged slump in 2021–2022, Chinese equities are rebounding in 2025. Renewed enthusiasm for artificial intelligence and semiconductors has “breathed fresh life” into China’s tech stocks, according to Reuters, helping Hong Kong’s China Enterprises Index jump 1.5% on Sept. 24 alone reuters.com reuters.com. Alibaba, as one of the market heavyweights, has led this charge. Its year-to-date gain of ~70% in Hong Kong signifies regained confidence after Alibaba lost roughly two-thirds of its value from 2020 highs to late 2022. Investors are now piling back in on signs that growth is
24 September 2025
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Stock Market Today

  • Insurers Can Now Pass Roof Replacement Costs to Homeowners Before Storm Season
    June 30, 2026, 11:31 AM EDT. Insurers have a new federal rule letting them shift roof replacement costs to homeowners, right as hail and hurricane season arrives. Now, many homeowners have to decide whether to file a claim and risk higher premiums, or pay for repairs themselves. The change has sparked concern about rising costs for homeowners facing big bills after storms.
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