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Alibaba's stock jumps 80% this year, thanks to AI buzz
Alibaba's Hong Kong shares soared over 7% this week, capping an impressive 80% rise so far in 2025.
The buzz? Big moves in artificial intelligence—Alibaba just raised $3.2 billion to boost its AI and cloud tech game.
The company's latest Qwen-series AI models are taking on giants
The company's latest Qwen-series AI models are taking on giants like OpenAI, and Alibaba is now training them with its own chips (alongside Baidu), cutting down reliance on NVIDIA.
They're also putting $140 million into local services to challenge rivals JD.com and Meituan.
Still, not everyone's convinced: some analysts see user growth ahead, but others worry high costs could slow profits compared to competitors like Tencent.