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BABA / Why Alibaba Shares Are Rising Today

Why Alibaba Shares Are Rising Today
Alibaba Group Holding Ltd (NYSE:BABA) is trading higher Monday morning after China fined food delivery giant Meituan $534 million for antitrust violations, which increased investor optimism that China's regulation on their large tech companies is easing. China technology stocks listed in Hong Kong rallied following the announcement as the $534 million fine was not as large as expected. Read More
Posted: Oct 11 2021, 09:41
Author Name: Benzinga
Views: 111918

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