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Alibaba shares soar on reports of potential Xi meeting with Jack Ma
Alibaba shares soar on reports of potential Xi meeting with Jack Ma
Economy
By AFP

Alibaba shares soared by more than six percent on Friday following reports that Chinese President Xi Jinping was poised to meet with the tech juggernaut's co-founder Jack Ma. Alibaba, which has already surged more than 40 percent in 2025, piled on 6.3 percent after also being given an extra leg-up Thursday when its chairman said it would supply AI technology to power Apple's iPhones in China.