Alibaba (BABA) shares rose 0.46% to $153.49 as UBS analysts designated the company a favored beneficiary of accelerating AI agent adoption. Investors remained focused on the firm's AI integration despite the official implementation of a 10% U.S. global tariff.
- Portfolio company Moonshot AI achieved a $10 billion "decacorn" valuation following a new funding round.
- The Qianwen app processed 200 million orders during the Spring Festival, showcasing Alibaba's growing dominance in AI-powered retail.