
Alibaba shares soared by more than six percent on Friday following reports that Chinese President Xi Jinping was poised to meet with the tech juggernaut's co-founder Jack Ma.
Alibaba, which has already surged more than 40 percent in 2025, piled on 6.3 percent after also being given an extra leg-up Thursday when its chairman said it would supply AI technology to power Apple's iPhones in China.