Shares of several Chinese companies, including Alibaba Group Holding Limited (NYSE:BABA) are trading higher following China's Golden Week holiday. Also, reports suggest that data showed services activity in China returned to positive levels.
Alibaba and several other Chinese stocks also traded higher in yesterday's session amid a Beijing comment that its diplomat Yang Jiechi's meeting with White House National Security Adviser Sullivan was constructive.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The company's stock has increased by approximately 13.6% over the past 5 trading sessions.
Alibaba, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally.
Alibaba's stock is trading about 2.8% higher at $160.35 per share on Friday at the time of publication.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.