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.
