BABA rose 11.05% to $108.98 on 8 July 2026, adding $10.84 in one session, as part of a broader China tech and AI rally. Alibaba’s company-specific case came from Qwen AI, Alibaba Cloud and rising AI-related cloud revenue. Cloud Intelligence revenue rose 38% year over year to RMB41.63 billion in the March quarter. AI-related cloud product revenue reached RMB8.97 billion and delivered triple-digit growth for the eleventh straight quarter. The re-rating case is still unfinished because fiscal 2026 operating income fell 64% and operating margin compressed to 5%. BABA jumped 11.05% on 8 July 2026, closing at $108.98 after ending the previous session at $98.14. The move added $10.84 to the US-listed ADR price in one session and pushed the stock back near the $109 level. Baidu and JD.com also gained during the same China tech and AI rebound. Alibaba’s extra angle was the AI-cloud case attached to Qwen, Alibaba Cloud growth and improving cloud profitability. Alibaba describes itself as a company focused on “AI + Cloud and consumption,” and says Qwen powers services across enterprise solutions, e-commerce and other internet platforms.