Alibaba's Stock Surges 092% in 71st Ranked Trading Day as AI and Instant Commerce Initiatives Drive Growth
1min read On May 1, 2025, alibaba group holding limited (BABA) saw a trading volume of 10.42 billion, ranking 71st in the day's stock market activity. The company's stock price increased by 0.92%, marking the third consecutive day of gains, with a total increase of 1.82% over the past three days.
Alibaba has intensified its focus on artificial intelligence by introducing Qwen3, an advanced AI model. This move is part of a broader strategy to challenge industry leaders and enhance its competitive edge in the tech sector. The new AI model is expected to drive innovation and improve the company's service offerings.
In addition to its AI advancements, alibaba has launched an 'Instant Commerce' feature on its shopping platform, Taobao. This new service allows customers to order a wide range of products, including food, apparel, and footwear, with delivery times of less than an hour. The feature is currently available in dozens of Chinese cities and is expected to be rolled out nationwide on May 6. This initiative is aimed at capturing a larger share of China's on-demand delivery market, where competition is fierce with rivals like jd.com and Meituan.
