Alibaba (BABA. N) U.S. stocks rose before the market, up more than 1%. On the news, Tongyi Qianwen executives said that Alibaba has established an internal robot artificial intelligence team.
Alibaba (BABA. N) rose nearly 5 percent in intraday trading, with shares trading at a high of $148, a new high since November 2021.
Alibaba (BABA. N) expanded its gains to 10 percent, sending its shares back above $130.
According to the market, Alibaba (BABA. N) rose to 10%. Shares returned to above $130.
U.S. stocks of Alibaba (BABA. N) fell 1.5 percent in premarket trading.
Most of the popular Chinese stocks in the US stock market fell, XPeng Motors (XPEV. N) fell 3.6%, Bilibili (BILI. O) fell more than 3%, Alibaba (BABA. N) fell nearly 3%, and Li Auto (LI. O) fell 2.8%.
Before the U.S. stock market, popular Chinese concept stocks collectively strengthened, Kingsoft Cloud (KC. O) rose more than 15%, Global Data Solutions (GDS. O) rose more than 12%, and Alibaba (BABA. N) rose more than 6%.

Geoffrey Hinton warned that AI may surpass humans in all domains—and could eliminate us via autonomous weapons, cyberattacks, and biowarfare.
Speaking to Russian media in Moscow on Monday, Elon Musk, the father of Tesla chief executive Elon Musk, said it was a mistake for Mr. Elon to challenge Mr. Trump publicly and reiterated that Mr. Trump would win. "You know, they've been under a lot of pressure for five months, give them a break. They're very tired, they're under a lot of pressure, so you can expect things like that," he said. "Trump is going to win - he's the president, he's the president-elect. So, I think Elon made a mistake.....