Alibaba’s Hong Kong shares jump nearly 19% as AI boom drives cloud unit sales
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba posted a better-than-expected bottom line in the June quarter on Friday, fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business, sending shares higher.…
bubmagSeptember 1, 2025