On February 21st, Alibaba-W Hong Kong stocks rose by nearly 15%, with a turnover exceeding HK$ 44.4 billion, a record amount. Overnight, the closing price of Alibaba's U.S. stocks also rose by more than 8% to $135.97/share. As Alibaba's financial results in the third quarter of fiscal year 2025 greatly exceeded expectations, quarterly capital expenditure reached 31.8 billion yuan, an increase of 80% from the previous month. Goldman Sachs, Citibank and a number of other institutions have raised the company's share price. In the next three years, it will increase investment in three major AI fields On the evening of February 20th, Alibaba released its financial report for the third quarter of fiscal year 2025, showing that the revenue was 280.15 billion yuan, year-on-year...
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A record amount of days! Hong Kong stocks Alibaba surged nearly 15%, with turnover exceeding HK$44 billion, and well-known institutions have raised their target prices
Wind2025-02-21
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