Reported 2 days ago
Alibaba's shares experienced a significant surge on Monday after the Chinese government revealed plans to enhance stimulus spending in 2025. Co-founder Jack Ma's remarks on the transformative potential of artificial intelligence further boosted investor confidence. Additionally, Ant Group announced Cyril Han as its new CEO, effective March 1, replacing Eric Jing. Overall, Alibaba's stock has risen over 20% since the start of the year.
Source: YAHOO