<ul><li>Jack Ma's internal memo in 2023 marked a turning point for Alibaba, leading to the company's resurgence in e-commerce and artificial intelligence.</li><li>Alibaba's U.S.-listed shares surged nearly 60% this year, adding over $100 billion to its valuation, with the company now being a major AI player.</li><li>The leadership changes at Alibaba, including the return of Jack Ma, have driven the company's comeback in the tech industry.</li><li>Alibaba faced challenges from regulatory scrutiny and competition, necessitating strategic shifts like splitting into business groups and focusing on core areas.</li></ul>

Alibaba has staged a quiet $100 billion rally — AI and Jack Ma's return are at the heart of it

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