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Alibaba (BABA) Ends 11% Higher, Mirrors Chinese Market
Yahoo Finance· 2026-01-13 12:48
Core Viewpoint - Alibaba Group Holding Ltd. experienced significant stock price appreciation, driven by a stronger yuan and increased investor interest in Chinese stocks amid geopolitical tensions [1][2]. Group 1: Stock Performance - Alibaba's stock surged by as much as 11 percent during intra-day trading, reaching $167.52, and closed 10.17 percent higher at $166.31 [1]. - The rally in Alibaba's stock mirrored the performance of the Chinese and Hong Kong markets, which also benefited from the yuan's strength against the US dollar [2]. Group 2: Market Dynamics - Historical data indicates that a stronger yuan positively impacts Chinese stocks, with the CSI 300 index averaging an 18 percent increase during five appreciation rounds since 2017 [2]. - Inflows of foreign funds tend to increase when the yuan appreciates, prompting a revaluation of Chinese shares [3]. Group 3: AI Adoption - Alibaba's stock rally was further supported by data showing accelerating global adoption of its Qwen artificial intelligence models, with downloads surpassing 700 million on the Hugging Face platform as of January 2026 [4].
Why Alibaba Stock Soared Today
The Motley Fool· 2026-01-13 01:26
Investors are getting more excited about the online retail giant's artificial intelligence (AI) initiatives.Shares of Alibaba Group (BABA +10.17%) leaped on Monday, following several positive developments for the Chinese commerce and cloud computing titan.By the close of trading, Alibaba's stock price was up more than 10%. Alibaba is becoming a formidable force in the AI arenaThe South China Morning Post (which is owned by Alibaba) highlighted a report from AIBase showing that Alibaba's Qwen artificial int ...