Alibaba Group Holding Ltd

NYSE: BABA
$71.29
-$3.56 (-4.8%)
Closing price April 12, 2024
Alibaba Group Holding Ltd is a giant in the digital world, offering a wide array of services from online retail platforms like Taobao and Tmall to cloud computing, digital media, and entertainment through Youku and Alibaba Pictures. It's a hub for merchants and brands globally, providing tools for marketing, logistics through Cainiao Network, and consumer engagement. Alibaba also caters to local services with platforms like Ele.me for on-demand delivery and Koubei for restaurant guides, alongside innovations in IoT and smart devices such as Tmall Genie. Founded in 1999, Alibaba continues to expand its footprint beyond its base in Hangzhou, China.
The futures are trading lower as we start the Thanksgiving holiday-shortened trading week. The stock market is closed on the big turkey day, and will also shutter  early at 1 pm EST on Black Friday....
Before U.S. markets open on Thursday, two U.S. department stores and two major Chinese companies are scheduled to report quarterly results.
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One major Wall Street investment house is betting big on China making a comeback.
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