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BABA Jan 2025 70.000 put
| Previous close | 7.30 |
| Open | 7.60 |
| Bid | 7.45 |
| Ask | 7.65 |
| Strike | 70.00 |
| Expiry date | 2025-01-17 |
| Day's range | 7.42 - 7.85 |
| Contract range | N/A |
| Volume | |
| Open interest | 5.61k |
Motley FoolWhy Alibaba Stock Keeps Going Down
For the third trading day in a row, shares of Alibaba Group (NYSE: BABA) are sliding down, as investors continue to reckon with Alibaba's decision to not IPO its Cloud Intelligence Group (CIG) cloud computing and artificial intelligence (AI) business, but keep it in-house instead. This morning, Reuters reported that Alibaba is shuttering its quantum computing research lab (which was part of the AI effort) entirely and donating the equipment to Zhejiang University. Alibaba stock fell 2% through 11:30 a.m. ET in response.
- Reuters
UPDATE 2-Alibaba Health in $1.73 bln deal for some Alibaba marketing services
Alibaba Health Information Technology said on Tuesday it had struck a HK$13.51 billion ($1.73 billion) deal to get the rights to certain services of Alibaba's marketing tool, a move it expects to improve its revenue and services to online stores. Alibaba Health said it would buy AJK Technology Holding Ltd from Taobao Holding Limited for a combination of cash and shares. Taobao is a unit of Alibaba Group Holding, the tech conglomerate that also ultimately controls Alibaba Health.
- Reuters
Alibaba Health in $1.73 billion deal for some Alibaba marketing services
Alibaba Health said it would buy AJK Technology Holding Ltd from Taobao Holding Limited for a combination of cash and shares. Taobao is a unit of Alibaba Group Holding, the tech conglomerate that also ultimately controls Alibaba Health. Alibaba Health said the deal would give it the rights to some services offered via Alibaba's digital marketing tool Alimama to online merchants of healthcare products, such as verifying the qualifications of merchants' marketing materials.
