Alibaba Group is trading 11.2% up at ARS 19,060.00, extending yesterday’s sharp jump and reversing a significant portion of its recent slump.
- The move follows a broad rally in Chinese tech and e-commerce stocks, which has fueled strong gains in the company’s U.S. and Hong Kong listings.
- Investor sentiment is supported by a bullish pre-earnings narrative focused on narrowed instant-commerce losses and accelerating revenue growth in cloud and AI segments.