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Alibaba shares soar 11% in Hong Kong after stellar earnings as China’s e-commerce sector recovers

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company’s cloud Intelligence and e-commerce segments. The Chinese tech giant’s shares soared as much as as 11%, and were last trading 9.18% …

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Japan’s inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members

A customer visits a store at Togoshi Ginza shopping street in Tokyo on January 23, 2025.  Philip Fong | Afp | Getty Images Japan’s inflation in January climbed 4% year on year, hitting its highest level since January 2023, further strengthening the case for rate hikes by the country’s central bank. The core inflation rate — which excludes prices of …

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