Alibaba Group Holding shares rose 2.29% to HKD 134.20 in Hong Kong on May 6, 2026. Growing investor confidence in the company's artificial intelligence capabilities drove the gains.
A Morgan Stanley report named Alibaba the biggest winner in China's AI race. The stock outperformed a weak broader market ahead of the company's fourth-quarter earnings report.
Recent initiatives include the Accio Work AI for B2B commerce and a Malaysian data center partnership. Investors are focusing on the upcoming earnings announcement scheduled for May 13, 2026.