Alibaba shares rise 1.83% intraday after Bosch partnership and price target increases.

Alibaba Group Holding Limited rose 1.83% in intraday trading, with the company's strategic partnership with Bosch to accelerate digital transformation through advanced cloud computing and AI technologies. The collaboration will focus on leveraging Alibaba's AI strength to facilitate Bosch's business innovations, such as smart cockpit, and Bosch expanding its e-commerce presence in Southeast Asia, Spain, and Latin America through Alibaba's global platforms.