Alibaba’s stock have skyrocketed after news of the company’s founder Jack Ma’s first overseas trip in a year. During trading on Wednesday, October 20, Alibaba rose at he peak by 9 percent from HK $165 to HK $180 ($23.15) apiece. At the close of trading, the share price was $175.8 (plus 6.67 percent compared to the close of the previous session).

Also, the growth of Alibaba shares was influenced by the news about the release of chips of its own design. The company plans to use the 128-core Yitian 710 chip for the processors in its data centers.