Alibaba HK shares hit 3-yr high on reports of President Xi Meeting Jack Ma

From Investing.com: 2025-02-17 00:32:16

Alibaba’s Hong Kong shares surged to a three-year high following reports of a meeting between President Xi Jinping and company founder Jack Ma. The stock rose 8% to HK$222.40, the highest level since 2018. Investors are optimistic about potential developments in the e-commerce giant’s business strategy and government relations.



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