Alibaba Group is trading 3.06% up at HK$128.00 after investor optimism over affiliate Alipay’s full-stack AI commerce platform for merchants.
- Reliable reports said shares rose as much as 5% in Hong Kong after the launch, which uses AI agents to automate business tasks and support agentic commerce.
- Investors are also positioning ahead of the June-quarter earnings release scheduled for August 20, 2026.
- Broader technology-sector weakness was not the primary catalyst.