· 51m · on MSN
Alibaba Shares Tumble as Trump Order Stirs China Trade Angst
Alibaba and Other China Tech Stocks Tumble
Shares in U.S.-listed Chinese technology companies such as Alibaba, JD.com and Temu's parent company PDD fell sharply Monday. Alibaba recently stood about 9.5% lower, while PDD lost 8%. The pullback follows an extraordinary runup for some of these stocks,
· 4h
Why Alibaba Stock Was Falling Today
Improvements in E-Commerce Business Although China’s retail market has been mixed in recent quarters due to uncertain consumer sentiment and decelerating economic
Shares have soared this year, but the online retailer's plans for an AI spending spree haven’t gone down so well.
The Alibaba Group is going all in on AI as it announces plans to invest at least $53 billion over the next three years.
Chinese tech giant Alibaba announced on Monday its plan to invest over $52.4 billion in artificial intelligence (AI) infrastructure and cloud computing over the next three years, according to Chinese state media.
Alibaba (BABA) stock is falling 7% after the China-based tech conglomerate disclosed that it would spend at least 380 billion yuan or $52.44 billion on cloud computing and AI infrastructure in the
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