Alibaba's HK shares hit nearly 4-year high on outlook optimism

Meituan

10/09/2025 04:28

** HK shares of Alibaba 9988.HK climb 4.2% to HK$147.9, highest since November 2021

** Stock set for fourth consecutive session of gains; tops most actively traded shares by turnover

** U.S.-listed stock BABA.N rose 4.2% on Tuesday

** Alibaba's mapping app Amap moving away from traditional focus on navigation and encroaching into rival Meituan's 3690.HK local-lifestyle territory by launching own ranking of restaurants, hotels, tourist destinations

** Nomura retained "buy" last week as positive tone maintained on group's quick commerce, ecommerce, cloud businesses

** Barclays raises PT to $190 from $145

** YTD, Alibaba's HK stock up 76.5%, U.S.-listed shares up 74.9%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))