Alibaba (BABA) experienced its biggest stock surge in weeks after introducing the QwQ-32B model, an AI system that rivals DeepSeek but requires only a fraction of the data.

A surge in AI developments from Chinese tech giants has fueled a rally in China's stock market, pushing tech shares to multi-year highs.

Alibaba’s Cloud Intelligence Group is the key long-term growth driver, fueled by AI demand and rapid expansion. See why I rate BABA stock a buy.

Alibaba launched new reasoning model comparable to DeepSeek's R1, pledged increased support for AI in China, and committed $53B to cloud and AI infrastructure.

Alibaba's Freshippo plans to open 100 new fresh food supermarkets and enter new cities in 2025. This comes after opening 72 stores and entering 21 cities this year. The company's AI expansion and e-commerce growth have led to a positive stock outlook.

These companies are widely regarded as AI darlings in China. Alibaba's stock has surged 73% since its low in mid-January (as of this writing). JD and Tencent have also been firmly in rally mode, with the stocks up 41% and 30%, respectively, during the same timeframe. Recent developments suggest there could be more to come.

On a recent Thursday afternoon, around five or six young people were busily preparing for an evening event at a street-side restaurant in Hangzhou, capital of China's eastern Zhejiang province, celebrating the major renovation of the steamed bun eatery that had opened eight months earlier.