Alibaba stock rises on earnings and broader tech rally

Alibaba’s latest earnings report shows the Chinese tech megacap leaning hard into the two engines that management believes will define its future — namely, "instant commerce" and AI. And those bets are starting to pay off. For the quarter ended September 30, Alibaba reported 15% revenue growth over last year, excluding its divested retail operations — making for one of its strongest showings in recent memory. The company credited growth in consumer activity and its expansion into one-hour delivery, a much ...