Alibaba once rose over 8%, AI sector measures stimulate investor enthusiasm

Today, after the Hong Kong stock market opened, Alibaba's stock price once rose to HKD 113.900, an increase of over 8%, before retreating. As of the time of writing, it has risen by 7.91%, trading at HKD 113.2. Year-to-date, Alibaba's stock price has overall increased by about 27%. In 2024, after completing a leadership change and investing a total of USD 16 billion (approximately RMB 116.8 billion) in share buybacks within the year, Alibaba's stock price has risen by 10%. In contrast, in 2021, 2022, and 2023, Alibaba's stock prices fell by approximately 48%, 19%, and 11%, respectively. Industry analysts believe that Alibaba's recent release of a new AI model, the integration of DeepSeek into Alibaba Cloud, and last night's news from insiders revealing that Apple and Alibaba will collaborate on developing AI features have all contributed to the rise in Alibaba's stock price in Hong Kong. Jack Ma reappeared at Alibaba's campus, stating that AI will change everything. On December 8, 2024, Jack Ma attended the 20th anniversary event of Ant Group and emphasized the development of AI. He stated that looking ahead from today, the changes brought by the AI era in the next 20 years will exceed everyone's imagination, as AI will be a greater era. "AI will change everything, but that doesn't mean AI can decide everything. Technology is indeed important, but what will truly determine the outcome in the future is what we do today that is genuinely valuable and different for this upcoming era," Jack Ma added. Yesterday, Jack Ma appeared at Alibaba's campus, as shown in the image of him communicating with employees in the Alibaba Intelligent Information Business Group where Quark is located