Global Stock Markets Rally on Alibaba's Strong Earnings, DeepSeek Optimism, and Jack Ma's Return

Global stock markets experienced a rally, driven by strong earnings from Alibaba and optimism surrounding DeepSeek, a tech company. Chinese stocks surged following Alibaba's positive performance, which analysts attribute to a potential shift in the government's approach toward private enterprises. Jack Ma, Alibaba's co-founder, recently met with Chinese President Xi Jinping, marking a notable return for Ma, who was previously a high-profile casualty of Xi's crackdown on the private sector in 2020. Analysts suggest that this meeting may signal an evolving stance from the Chinese government regarding capital markets and private businesses. Bo Pei, an equity research analyst at US Tiger Securities, noted that Alibaba's results are contributing to the market's rally, indicating a possible thaw in relations between the government and private sector leaders.