Alibaba Group shares are up 60% since Jan 1st, less than 2 months ago. Today Alibaba reported earnings. Two main units Cloud and eCommerce did great. Cloud unit earnings were up 13 yoy.
Main reasons for the stock to rise 60% in short period are surfacing/visibility of Jack Ma and better business execution. Stock was under intense pressure because of their leader, Jack Ma, being haggled by Chinese authorities for quite a while.
