11:44 - 8.07.2026

---

July 8, Fineko/abc.az. Alibaba's Hong Kong-listed shares soared more than 11% amid optimism about profitability and growing investor interest in China's tech sector. This was the biggest gain in company's stock price since September 1, 2025.

Key points:

Sector revival: According to Bloomberg Intelligence senior analyst Catherine Lim, Alibaba's strong performance reflects the overall optimism in the Chinese tech giants market. Company's growth has also made it a top performer in the Hang Seng Tech Index, which gained up to 4.8% on Wednesday.

Strategic Partnership: Alibaba's partnership with Meta through its Lazada platform indicates that the company is focused on more disciplined and profitable growth opportunities abroad. This is seen as a positive signal for long-term revenue.

Financial reporting expectations: An additional driver of growth was the positive preliminary assessment of the results for Q1 of the 2027 fiscal year, which company's management conducted during meetings with analysts.