Alibaba shares soar in Hong Kong as optimism persists over earnings beat

Alibaba shares soar in Hong Kong as optimism persists over earnings beat

Alibaba Group Holding Ltd. shares 9988, +12.33% soared in Hong Kong trading on Friday, extending the positive momentum from U.S. trading overnight as investors welcomed the company‚Äôs better-than-expected earnings. Shares of the Chinese e-commerce giant jumped as much as 14% in Hong Kong to 92.40 Hong Kong dollars (US$11.77), after its American depository receipts BABA,…