
Alibaba shares soar nearly 15% after stellar earnings as China’s e-commerce sector recovers
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly resultsboosted by growth in the company’s cloud Intelligence and e-commerce segments. The Chinese tech giant’s shares soared 14.89%. “We expect the outlook for […]