A new report from Frost & Sullivan released on October 27, 2025, positions Alibaba Cloud as the leading provider in China's full-stack AI cloud services market for the first half of the year. The report states that Alibaba Cloud captured a 30.2% market share, underscoring its dominant role in this critical and rapidly growing technology sector. Baidu Intelligent Cloud followed with a 22.5% share, with the two giants jointly accounting for over half of the market. This news coincided with positive market sentiment for Chinese technology stocks. Alibaba's shares saw a notable rise in Hong Kong, climbing 3.8% during the day. The broader market rally was largely attributed to growing investor optimism about a potential comprehensive trade agreement between the United States and China, which lifted technology heavyweights across the board.