Alibaba Group’s shares rallied in Hong Kong on February 21, 2025, after the company reported quarterly earnings that surpassed market expectations. The Chinese e-commerce giant posted revenue of 45.6 billion, beating estimates of 43.8 billion, and net income of 8.2 billion, exceeding forecasts of 7.5 billion.
The strong performance was driven by growth in Alibaba’s cloud computing and international commerce segments. The company’s efforts to streamline operations and focus on innovation also contributed to the positive results.
“Alibaba’s earnings beat underscores its resilience and adaptability,” said Sarah Wang, an analyst at Morgan Stanley. “The company continues to deliver strong results despite economic challenges.”
Alibaba’s Hong Kong-listed shares surged 8.5%, their biggest single-day gain in over a year. The rally also lifted other Chinese tech stocks, with Tencent and JD.com rising 2.3% and 1.8%, respectively.
