E-commerce giant Alibaba Group Holding appears on course to turn around a years-long slump on the back of Beijing's sweeping stimulus measures, according to analysts, as some foreign investors have pledged to go all in on Chinese stocks.

This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%.

Chinese stocks surge after government stimulus measures. Alibaba, JD.com, Baidu, and others see significant gains.

Hong Kong and Shanghai stock markets soared again Friday with the latter index recording its strongest weekly gain in 16 years on hopes China would unveil yet more measures to

Chinese and Hong Kong stocks extended gains as investors processed Beijing's comprehensive stimulus package. Measures include rate cuts and mortgage easing, aiming to stabilize the property market. Analysts,

Chinese equities are on track for their best week since 2008 after Beijing launched an economic stimulus package including a $114bn war chest to boost the stock market.

Alibaba Group Holding Ltd., JD.com Inc. and Meituan enjoyed their best trading days in years after the Chinese government announced measures to stimulate the troubled domestic economy.

KEY TAKEAWAYS U.S.-listed Chinese companies from Alibaba to Temu parent PDD and China-focused ETFs surged Thursday following reports of more bailouts for the country's suffering economy.Bloomberg reported that Beijing is planning to inject around $140 billion into its largest state lenders to prop up the economy.