Alibaba reported a triple-digit increase in AI-related revenue and a 26% jump in cloud sales, driving a 19% rise in its stock and boosting its market value by over $50 billion. This growth positions Alibaba as a leader in China’s AI development, contrasting with weaker performances from rivals Meituan and JD.com. Analysts note the company’s strategic pivot from retail dominance toward building a tech stack enabled by AI. The rally also lifted shares of Baidu and Tencent, underscoring increased investor confidence in AI’s scalable business impact within Chinese tech sectors.