Futu News reported on January 20 that Alibaba's stock price rose in a straight line in the afternoon. At one point, it surged more than 10% during the intraday period. It has now risen 8.76% to HK$265.6, with a temporary transaction of HK$17.1 billion. The latest total market capitalization is HK$5.7 trillion.

Ali concept stocks continued to soar, with the sector rising by more than 13%.

Among the constituent stocks, Ali Health surged more than 14%, Gaoxin Retail rose more than 5%, and Yunfeng Finance, Ali Pictures, Suibao Department Store, etc. rose one after another.