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International Business Times
International Business Times
Business

Alibaba Shares Soar On Reports Of Potential Xi Meeting With Jack Ma

Alibaba's share price has soared on news co-founder Jack Ma will meet Chinese President Xi Jinping (Credit: AFP)

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.

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