Alibaba Group is trading 15.6% up today at ARS 19,820.00, extending a sharp weekly rebound in its Buenos Aires listing.
- The move follows an 11.2% surge in the previous session, driven by improved sentiment toward the company's AI and cloud business segments.
- Gains are supported by a wider rally across Chinese e-commerce and technology stocks as investors anticipate a potential turnaround.
- Market optimism is building ahead of upcoming earnings reports, reflecting confidence in the company's strategic restructuring efforts.