PDD Holdings Inc. American Depositary Shares$90.86BABA · NYSE
Alibaba operates commerce and technology businesses serving consumers, merchants, enterprises and developers. Its commerce operations generate revenue through e-commerce marketplaces and related services, while Alibaba Cloud monetizes computing, data and artificial-intelligence products for business customers. The company is also investing in quick-commerce and other technology initiatives, with Qwen3.8-Max intended to expand enterprise workloads and cloud monetization. Alibaba reported FY2026 revenue of $148.4 billion and net income of $15.0 billion, compared with $137.3 billion and $17.9 billion, respectively, in FY2025. The supplied evidence does not disclose current revenue contributions by segment.
Alibaba rose 11.98% over the period, from $115.19 to $128.99. The advance accelerated late in the week: shares slipped 0.14% on July 29, gained 1.12% on July 30, then jumped 5.10% on July 31 on nearly 17.0 million shares, before adding 4.13% on August 3 and 1.33% on August 4. The clearest company-specific catalyst was attention around Qwen3.8-Max, which strengthens Alibaba’s challenge to U.S. AI rivals, expands enterprise workloads and open-weight access, and supports cloud monetization. ETF-related demand may also have helped, with AVEM reporting an approximately $403.6 million inflow, although the evidence does not quantify its direct effect on BABA. No material reversal was reported.
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