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Benzinga
Benzinga
Business
Anusuya Lahiri

Investors Dump Meituan And Chase Alibaba's AI Boom

Quark AI Expansion

Chinese e-commerce major Alibaba Group Holding Limited (NYSE:BABA) continues to draw investor attention as it doubles down on artificial intelligence, cloud infrastructure, and instant-commerce delivery.

The stock has gained 98% year-to-date, reinforcing its reputation as a bellwether for China’s tech sector. The broader NYSE Composite, which includes Alibaba, is up nearly 12% over the same period.

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