Alibaba announced the launch of its new generation foundational model, Qwen3.5, reinforcing its push in the competitive AI market, while simultaneously receiving a significant boost after JPMorgan added the stock to its latest 'High Conviction' list with an 'overweight' rating.
- JPMorgan favors Alibaba as a key beneficiary of China's expanding AI infrastructure.
- The company's Hong Kong-listed shares (09988.HK) gained approximately 3% following the analyst endorsement.