Why Did Alibaba Shares Climb 13% Wednesday?

Seekingalpha2023-01-05

Alibaba shares surged nearly 13% Wednesday as Chinese stocks on the whole rallied as Beijing gave the approval to a massive capital increase to financial technology company Ant Group.Prior to the ...

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Comment（19）

cozyli
·2023-01-05
Yeah
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2
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- StarGate:
  ok
  2023-01-08
  Reply
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LEESIMON
·2023-01-05
‌[爱心] ‌Nice
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Samcks99
·2023-01-05
Long waited good news[Grin]
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1
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Geophy
·2023-01-05
Nice
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1
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Penthon
·2023-01-05
Okok
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2
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Deonc
·2023-01-05
Good news ‌$Alibaba(BABA)$ ‌China awarded Ant Group a $1.5B capital increase.
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3
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JeffTai
·2023-01-05
Ok
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2
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LearnerAdi
·2023-01-05
Woohoo 🎉
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2
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WongThiha
·2023-01-05
Yes yes yes
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4
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Vincentan59
·2023-01-05
Nice to hear 🤪🤪🤪
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7
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- Vincentan59:
  😵‍💫😵‍💫😵‍💫😲😲😲
  2023-01-05
  Reply
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Ratt
·2023-01-05
Cause of sales, and China ready to fly out, so they be buying up on luggage sales.
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Goldox
·2023-01-05
Nice!
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6
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Andrewinho
·2023-01-05
Nice!! 🚀🚀🚀
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5
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CTSM
·2023-01-05
Thanks
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3
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RLHuat
·2023-01-05
Ok
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2
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J1000
·2023-01-05
K
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- J1000:
  K
  2023-01-05
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Huatahhh
·2023-01-05
好
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MickeyBond
·2023-01-05
Ok
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MrHuattt
·2023-01-05
Ok
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- MrHuattt:
  sure
  2023-01-05
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news[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959975845","repostId":1139427647,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959954923,"gmtCreate":1672884491963,"gmtModify":1676538753231,"author":{"id":"4123121216961672","authorId":"4123121216961672","name":"Geophy","avatar":"https://community-static.tradeup.com/news/91f282ea4d3a1f556d17668def87950d","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"4123121216961672","authorIdStr":"4123121216961672"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959954923","repostId":1139427647,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959967945,"gmtCreate":1672881366088,"gmtModify":1676538752428,"author":{"id":"3582192196234738","authorId":"3582192196234738","name":"Penthon","avatar":"https://static.tigerbbs.com/5f9fe77bd547ced80b3a9f115de46ca8","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":1,"idStr":"3582192196234738","authorIdStr":"3582192196234738"},"htmlText":"Okok","listText":"Okok","text":"Okok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959967945","repostId":1139427647,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959961904,"gmtCreate":1672880467308,"gmtModify":1676538752265,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3569316529855154","authorIdStr":"3569316529855154"},"htmlText":"Good news&nbsp;‌<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$ &nbsp;</a>‌China awarded Ant Group a $1.5B capital increase.","listText":"Good news&nbsp;‌<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$ &nbsp;</a>‌China awarded Ant Group a $1.5B capital increase.","text":"Good news ‌$Alibaba(BABA)$ ‌China awarded Ant Group a $1.5B capital increase.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959961904","repostId":1139427647,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959960800,"gmtCreate":1672879953400,"gmtModify":1676538752182,"author":{"id":"3581504334066898","authorId":"3581504334066898","name":"JeffTai","avatar":"https://static.tigerbbs.com/eaf357935d6e8ef3744f3d94312f0a64","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581504334066898","authorIdStr":"3581504334066898"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959960800","repostId":1139427647,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959960099,"gmtCreate":1672879848412,"gmtModify":1676538752165,"author":{"id":"4107657165988180","authorId":"4107657165988180","name":"LearnerAdi","avatar":"https://community-static.tradeup.com/news/211b55c9f8f2d6aabdea5f1995a70d59","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4107657165988180","authorIdStr":"4107657165988180"},"htmlText":"Woohoo 🎉&nbsp;","listText":"Woohoo 🎉&nbsp;","text":"Woohoo 🎉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959960099","repostId":1139427647,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959981348,"gmtCreate":1672878973484,"gmtModify":1676538751978,"author":{"id":"4091333104236980","authorId":"4091333104236980","name":"WongThiha","avatar":"https://static.tigerbbs.com/d6de19ec599190df2baa84436081e71f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4091333104236980","authorIdStr":"4091333104236980"},"htmlText":"Yes yes yes","listText":"Yes yes yes","text":"Yes yes yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959981348","repostId":1139427647,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959989652,"gmtCreate":1672878713277,"gmtModify":1676538751839,"author":{"id":"4098866635611070","authorId":"4098866635611070","name":"Vincentan59","avatar":"https://community-static.tradeup.com/news/a5c91735e742c607283b7643b505c8e4","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":2,"crmLevelSwitch":1,"idStr":"4098866635611070","authorIdStr":"4098866635611070"},"htmlText":"Nice to hear 🤪🤪🤪","listText":"Nice to hear 🤪🤪🤪","text":"Nice to hear 🤪🤪🤪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959989652","repostId":1139427647,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105456114,"gmtCreate":1672879032130,"gmtModify":1672879045978,"authorId":4098866635611070,"author":{"id":4098866635611070,"idStr":"4098866635611070","authorId":4098866635611070,"name":"Vincentan59","avatar":"https://community-static.tradeup.com/news/a5c91735e742c607283b7643b505c8e4","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches 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class=\"s1\">😵‍💫😵‍💫😵‍💫😲😲😲</span>"}],"langContent":"EN"},{"id":9959914582,"gmtCreate":1672878418447,"gmtModify":1676538751766,"author":{"id":"4131941718981642","authorId":"4131941718981642","name":"Ratt","avatar":"https://community-static.tradeup.com/news/aeee68ebc5db0a4075bb3aff6887e20e","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":1,"crmLevelSwitch":0,"idStr":"4131941718981642","authorIdStr":"4131941718981642"},"htmlText":"Cause of sales, and China ready to fly out, so they be buying up on luggage sales.&nbsp;","listText":"Cause of sales, and China ready to fly out, so they be buying up on luggage sales.&nbsp;","text":"Cause of sales, and China ready to fly out, so they be buying up on luggage 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