Alibaba's Trading Volume Drops 26.4% Ranking 67th in Stock Market

On June 30, 2025, Alibaba's trading volume reached 10.39 billion, a 26.4% decrease from the previous day, ranking 67th in the day's stock market. Alibaba (BABA) closed down 0.62%.

Jefferies has reduced its price targets for Alibaba, Meituan, and JD.com but maintained Buy ratings, indicating that these companies remain well-positioned despite the adjustments.

Alibaba has streamlined its partnership, a crucial corporate governance body, by reducing the number of partners from 26 to 17. This move includes the departure of nine key figures, such as former CEO Daniel Zhang, as the company focuses on younger leadership to foster a startup mindset.

Alibaba has launched a new AI model, Qwen VLo, designed to generate and edit images with high precision, enhancing its capabilities in the AI sector and intensifying competition in multimodal models.

Alibaba's CEO has emphasized the importance of cloud computing and AI as the next growth drivers for the company, signaling a strategic shift towards these technologies.