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Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba Stock Surges 95% As Company Doubles Down On AI, Cloud

The Alibaba Trade

Alibaba Group Holding Limited (NYSE:BABA) remains aggressively invested in a gamut of activities, including integrating artificial intelligence across its e-commerce ecosystem and expanding its global footprint through significant investments in Hong Kong real estate to drive value.

The company is using its Qwen large language models to enhance Taobao and Tmall’s search and recommendation systems, boost user engagement, and strengthen its AI-driven “comprehensive consumption platform,” while doubling down on high-value customers and scaling its Singles’ Day shopping festival to drive growth.

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