- Alibaba’s strong performance is linked to China’s emphasis on technological self-reliance and favorable investor sentiment following a trade truce between the U.S. and China.1
- Alibaba’s shares closed above $147, the highest since late 2021, but remain below half of their October 2020 peak of over $300.2
- Alibaba invested in MiniMax Group’s IPO, a Chinese AI startup seeking HK$4.19 billion before its January 9, 2026 debut, joining investors like Abu Dhabi Investment Authority.3
