HONG KONG -- Shares of Alibaba Group Holding reached a three-year high in New York after the Chinese e-commerce conglomerate reported better-than-expected quarterly earnings Thursday, driven by the robust growth in its cloud business and international e-commerce unit.
Technology
Alibaba stock surges as 'AI-driven' strategy bears fruit
E-commerce giant's share price has gained over 45% year-to-date
Alibaba has been riding a wave of investor excitement over DeepSeek, an Apple AI collaboration and founder Jack Ma's meeting with Xi Jinping. © Reuters
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