Alibaba Group Holding Limited (BABA) surged 13.73 percent to $135.99 on Friday, gaining $16.42 after posting stronger-than-expected quarterly results. The company reported revenue of RMB 247.7 billion for the June quarter, up from RMB 243.2 billion a year earlier. Net income climbed to RMB 42.4 billion, compared with RMB 24.0 billion in the prior year.
The stock opened at $128.88 and traded between $128.55 and $134.49, versus a previous close of $119.57 on the New York Stock Exchange. Trading volume spiked to 55.76 million shares, far above the average of 12.89 million.
Alibaba now trades near the high end of its 52-week range of $80.06 to $148.43, boosted by its earnings momentum.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.