Alibaba’s HK shares recently hit a near 4‑year high following improved outlook and the business-friendly tone from the government.
President Xi met with Jack Ma and other top entrepreneurs, signaling official support for the private sector after a long regulatory crackdown.
The meeting is viewed as a positive signal for business sentiment and could be a catalyst for further stock rally.
Alibaba announced a $140 million investment in a Chinese robotics startup, reinforcing its focus on advanced tech sectors.
Alibaba’s cloud segment reported 26% growth, providing evidence of a recovery after prior weakness.
On pullbacks are considered buying opportunities that should be the strategy.
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