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Alibaba's Hong Kong-Listed Shares Soar in Afternoon Trading, Now Up Nearly 2%
17 hour ago /
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Author：小编
On March 18, Alibaba's Hong Kong-listed shares experienced a significant surge in afternoon trading, rebounding nearly 2% after dipping more than 1% in the morning session. Meanwhile, its U.S.-listed shares also climbed over 2% in after-hours trading. On the news front, Alibaba Cloud has announced a price hike of up to 34% for its AI computing power and storage products. This adjustment comes in response to the soaring global demand for AI technologies and escalating supply chain costs.
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