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Stock Markets Rise As Alibaba Fuels Hong Kong Tech Rally

Summary by IBTimes Australia

European and Asian markets rose on Friday, with Hong Kong leading the way thanks to a surge in tech stocks led by e-commerce titan Alibaba.

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mettisglobal.news

Alibaba shares surge 14% after strong earnings

February 21, 2025 (MLN): Shares in e-commerce titan Alibaba soared more than 14% Friday, extending a blistering rally in Hong Kong's Hang Seng Index, after forecast-topping earnings added to a growing sense of optimism over Chinese tech firms. The Hangzhou-based company operates some of China's most widely used online shopping platforms, making its performance a bellwether for consumer sentiment. It announced on Thursday that sales rose eight pe…

1 day ago

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IBTimes Australia

Stock Markets Rise As Alibaba Fuels Hong Kong Tech Rally

European and Asian markets rose on Friday, with Hong Kong leading the way thanks to a surge in tech stocks led by e-commerce titan Alibaba.

1 day ago·Australia

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Asia Financial

Alibaba Shares Jump 14% as China Tech Stocks Hit a Hot Streak

Hong Kong-listed shares of Alibaba jumped more than 14% on Friday as China’s technology stocks kept up a blistering rally triggered by the launch of AI model DeepSeek. Alibaba’s shares were in momentum through the day after opening 10% higher on the back of third-quarter revenues that were above analysts’ estimates. The Chinese e-commerce giant’s plans to invest more in e-commerce and artificial intelligence also boosted investor sentiment. Al…

1 day ago

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Space Daily

Alibaba posts 8% quarterly sales growth; fuels Hong Kong tech rally

Beijing (AFP) Feb 20, 2025 Chinese technology and e-commerce giant Alibaba on Thursday reported robust sales growth in its latest quarter, beating analyst expectations as Beijing looks to revive faith in the private sector. The Hangzhou-based firm operates some of China's most widely used online shopping platforms, making its performance a bellwether for consumer sentiment. The company is enjoying a comeback with

1 day ago·Australia

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abbonews.com

Alibaba (NYSE: BABA) Shares Hit Three-Year Peak, Spark Tech Rally on Strong Earnings

Alibaba Group (NYSE: BABA) shares skyrocketed to a three-year high on Friday, soaring up to 11% to HK$133.90 in Hong Kong trading. The e-commerce powerhouse

1 day ago

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