Shares of Alibaba jumped 5.2% on Thursday after Arete Research raised its rating from neutral to buy, highlighting improving growth prospects. Trading volume hit 31.6 million shares—an 81% increase over the 17.5 million average—reflecting heightened investor interest. Arete’s move was accompanied by an upgraded price target of 190, underscoring confidence in Alibaba’s core e-commerce and cloud franchises.

Bloomberg News reports Alibaba is planning to spin off its T-Head semiconductor unit into a standalone entity with partial employee ownership ahead of a potential initial public offering. The restructure aims to capitalize on booming demand for AI accelerators and could position the unit to attract strategic investors seeking exposure to China’s chip ambitions. Insiders say final decisions on timing and valuation remain under discussion.

Recent filings show Verde Servicos Internacionais S.A. boosted its Alibaba holding by 6.9%, adding 4,373 shares to reach 67,773 shares valued at roughly 7.7 million. NTV Asset Management increased its position by 127.4%, acquiring 8,484 additional shares for a total of 15,143 shares worth approximately 2.7 million. Meanwhile, new stakes were initiated by Ninety One UK Ltd and Marex Group, each investing over 15 million, signaling renewed confidence among large investors.