--- title: "What's Going On With Alibaba Stock Thursday?" description: "Alibaba Group led a rebound in Hong Kong stocks as the Federal Reserve's policy easing and positive sentiment shift in China boosted optimism among traders. The co-founders, Jack Ma and Joe Tsai, have" type: "news" locale: "en" url: "https://longbridge.com/en/news/107232331.md" published_at: "2024-02-01T13:18:17.000Z" --- # What's Going On With Alibaba Stock Thursday? > Alibaba Group led a rebound in Hong Kong stocks as the Federal Reserve's policy easing and positive sentiment shift in China boosted optimism among traders. The co-founders, Jack Ma and Joe Tsai, have become the largest shareholders. Alibaba is also exploring the sale of its InTime department store branch as part of a strategic pivot. The company aims to refocus on its core e-commerce and cloud computing sectors amid fierce competition and internal restructuring. Alibaba's stock price has increased by 1.40% to $73.18. **Alibaba Group Holding Limited** (NYSE:BABA) led a rebound in Hong Kong stocks and ended a two-day decline, as the Federal Reserve’s openness to policy easing sparked optimism among traders who postponed their betting to May. This positive shift in sentiment got a further boost from a private survey indicating that China’s manufacturing industry expanded for a third consecutive month in January. The broader market reflected this optimism, SCMP reports. E-commerce companies and tech firms, including **JD.com Inc** (NASDAQ:JD), **Meituan** (OTC:MPNGF) (OTC:MPNGY), **NetEase Inc** (NASDAQ:NTES), and **Tencent Holding Ltd** (OTC:TCEHY), also recorded notable gains alongside Alibaba, contributing to the market’s overall positive performance. Additionally, sectors outside of technology, such as the Chinese hotpot restaurant chain Haidilao and sportswear manufacturer Li Ning, saw substantial increases in their stock prices. China is already weighing a stimulus package of $278 billion (2 trillion yuan) to drive the stock market. ***Also Read:*** *Tencent CEO Pony Ma Shifts Focus to AI as Gaming Faces Tough Competition, Reveals New Plans* In quite an exciting development for Alibaba, its co-founders Jack Ma and Joe Tsai became the largest shareholders earlier this year. Meanwhile, Alibaba is actively exploring the sale of its InTime department store branch, indicating a strategic pivot away from blending physical and digital retail markets as part of a comprehensive organizational revamp. The e-commerce giant has engaged several potential buyers for its extensive network of over 100 stores and malls. It initiated these discussions as Joseph Tsai took over leadership from Daniel Zhang in 2023. These talks, including conversations with at least one interested party as recently as the previous month, reflect Alibaba’s assessment of its expansive portfolio under the guidance of Tsai and new CEO Eddie Wu, Bloomberg reports. InTime’s sale, worth $4 billion in a 2017 privatization deal, contrasts Alibaba’s previous retail strategy and raises questions about the company’s ability to attract buyers amidst a downturn in Chinese consumer spending post-COVID. This move is part of Alibaba’s more significant effort to refocus on its core e-commerce and cloud computing sectors amid fierce competition and internal restructuring, including leadership changes and speculation about divesting non-core assets. Alibaba stock lost 36% in stock value last year. **Price Action:** BABA shares are trading higher by 1.40% at $73.18 premarket on the last check Thursday. ***Also Read:*** *Alibaba and Tencent Expand in China with Strategic Land Purchases, Bet on Tech Sector’s Recovery* ***Disclaimer:*** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo via Wikimedia Commons* ### Related Stocks - [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [BEH.SG - China](https://longbridge.com/en/quote/BEH.SG.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 高瓴继续重仓中概股，HHLR 四季度增持阿里巴巴、拼多多，减持网易、百度 | 高瓴 HHLR Advisors Ltd.在四季度增持了阿里巴巴、拼多多、iShares 比特币和台积电，同时减持了网易、Bright Schol、富途控股、百度、满帮和 Webull 等。该公司重仓拼多多、阿里巴巴和富途控股。市场有风险， | [Link](https://longbridge.com/en/news/276176972.md) | | 摩尔线程快速完成对 Qwen3.5 模型全面适配 | 摩尔线程宣布已在旗舰级 AI 训推一体全功能 GPU MTT S5000 上完成对阿里最新大模型 Qwen3.5 的全方位适配。此次支持充分展示了摩尔线程 MUSA 生态的成熟度与完备性，开发者可通过 MUSA C 编程语言及 Triton | [Link](https://longbridge.com/en/news/276153560.md) | | 利安德巴塞尔工业｜10-K：2025 财年营收 302 亿美元超过预期 | | [Link](https://longbridge.com/en/news/276482405.md) | | 学习英伟达刺激芯片销售，AMD 为 “AI 云” 借款做担保 | AMD 为扩大市场份额祭出金融 “狠招”！为初创公司 Crusoe 的 3 亿美元购芯贷款提供担保，承诺在其无客户时 “兜底” 租用芯片。这一复刻英伟达 “租卡云” 路径的策略虽能短期推高销量，但也令 AMD 在 AI 需求放缓时面临更大的 | [Link](https://longbridge.com/en/news/276401504.md) | | 磷化铟：AI 算力升级，光芯片时代的关键材料 | Coherent 的最新财报显示，6 英寸磷化铟晶圆良率持续提升，产能翻倍计划完成 80%，标志着光芯片产业从 “3 英寸时代” 跨越至 “6 英寸规模量产时代”。这一突破将磷化铟推向 “良率驱动的成本拐点”，为 AI 数据中心的光模块升级 | [Link](https://longbridge.com/en/news/276193401.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.