Alibaba (BABA) Rises 2.98% on AI Investments, Global Expansion

On May 29, 2025, Baba rose 2.98% in pre-market trading, reflecting a positive sentiment among investors.

Alibaba's Chairman, Joseph Tsai, recently shared his insights on the company's global expansion and the challenges faced in the current business environment. He emphasized the importance of trust in business operations and highlighted Alibaba's mission to make it easier for businesses to operate globally. Tsai also discussed the company's strategy of combining Chinese technology with local expertise to successfully expand into international markets.

Alibaba has made significant strides in the AI sector, with notable achievements in areas such as precision marketing and intelligent logistics. The company's AI-driven solutions, like the ET Brain, have been widely applied in various industries, supporting their digital transformation efforts. Alibaba's collaboration with SAP aims to integrate SAP's enterprise software with Alibaba Cloud's infrastructure and AI capabilities, providing businesses with more flexible and efficient digital transformation solutions.

Alibaba's investment in AI and its strategic partnerships are expected to further enhance its competitive edge in the global market. The company's focus on core businesses, including e-commerce and cloud computing, along with its integration of AI across various operations, positions it well for future growth and innovation.