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BABA Jan 2024 270.000 call
- Yahoo Finance Video
Alibaba rises on reports China could ease stock ownership rules
Alibaba (BABA) shares are up in late trading as the Chinese government considers easing stock restrictions on foreign ownership of domestic publicly traded companies, according to a report from Bloomberg. Yahoo Finance Live discusses the news. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Motley Fool
Why Alibaba Stock Was Up on Friday
Shares of Alibaba Group (NYSE: BABA) were up 4.8% as of 11:21 a.m. ET on Friday. The stock was moving higher on a Bloomberg report that the tech giant could file an initial public offering (IPO) in Hong Kong for its Cainiao logistics business as early as next week. Alibaba is reportedly hoping to raise $1 billion in the share sale.
- Motley Fool
Why 1 Potential IPO Stock Could Lift China's Whole Market
Investors are breathing a sigh of relief on Friday morning, as major market benchmarks are finally showing a bit of resolve after a tough week. As of 11 a.m. ET, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up nearly 1%, and other indexes showed more modest gains on the day. One area of the market that's doing particularly well on Friday is China.
