Alibaba Stock Soars 9.40% in Two Days, Trading Volume Ranks 11th as AI App Quark Leads China Market

On April 14, 2025, Alibaba (BABA) saw a significant surge in its stock price, rising by 5.79% and marking two consecutive days of gains, with a total increase of 9.40% over the past two days. The trading volume for the day was 37.34 billion, placing Alibaba at the 11th position in terms of trading volume for the day.

Alibaba's AI app, Quark, has emerged as the top AI application in China, surpassing rivals such as ByteDance's Doubao and DeepSeek. This achievement is a testament to Alibaba's strong growth prospects and its ability to innovate in the competitive AI market. Quark's rapid ascent is attributed to Alibaba's transformation of the app from a cloud-based service to a comprehensive AI platform, attracting 150 million monthly active users.

Alibaba's strong performance in the AI sector has also been reflected in its share repurchase program, which indicates the company's confidence in its future growth and its commitment to returning value to shareholders. This move is likely to further boost investor confidence in the company, contributing to the recent surge in its stock price.