9988.HK is trading 3.4% up today at $97.25 as the stock rebounds from last week’s selloff, supported by aggressive share repurchases and increased clarity regarding Chinese AI regulations.
- Alibaba recently terminated specific AI agent features to align with new regulatory requirements, providing the market with much-needed clarity on the compliance landscape.
- A significant share buyback executed on July 2 has bolstered investor confidence in management's outlook, coinciding with broader risk-on momentum in the market.