Alibaba Group’s shares soared in Hong Kong trading on February 21, 2025, after the company reported quarterly earnings that exceeded 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, surpassing forecasts of 7.5 billion.
The company’s cloud computing and international commerce divisions were key contributors to the strong results. Alibaba’s focus on innovation and cost efficiency also played a significant role in its performance.
“Alibaba’s earnings beat reflects its ability to navigate a challenging environment,” said David Chen, an analyst at Credit Suisse. “The company is well-positioned for sustained growth.”
Alibaba’s Hong Kong-listed shares jumped 8.5%, marking their largest single-day gain in over a year. The positive earnings report also boosted other Chinese tech stocks, with Tencent and JD.com rising 2.3% and 1.8%, respectively.
