🟢 BABA is trading 3.3% up today as DeepSeek valuation surge signals China AI momentum

BABA is trading at $136.65, up 3.3% from its previous close as reports of a massive funding round for DeepSeek spark optimism across the Chinese tech sector.

• Reports indicate China's state-backed Big Fund is leading a funding round for DeepSeek at a $45 billion valuation, more than doubling its $20 billion valuation from April.
• The surge in investment momentum highlights growth potential for Alibaba's proprietary AI initiatives, including its Qwen models and T-Head Semiconductor division.
• Broader market strength and positive labor market data provide additional tailwinds, with the NASDAQ and S&P 500 rising 0.74% and 0.32% respectively.