Alibaba Gr Hldgs (NYSE:BABA) Stock, Quote.Headers.trade-ideas

Alibaba Gr Hldgs

Alibaba Group Holding

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

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European Commission is investigating Apple&#39;s iPhone and iPad operating systems for potential antitrust violations and will complete proceedings in 6 months. Other Big Tech companies have faced similar scrutiny in the US and China for monopolistic practices.

After Lightning Port, EU Targets Apple&#39;s iPhone and iPad Systems, Demands Greater Access for Third-Party Developers

Nvidia CEO Jensen Huang Identifies $1 Trillion Opportunity Amid Generative AI Shift: 'Data Centers Will Be All Accelerated Computing'

General

BIDU

Since 2022, the U.S. government has curtailed the export of Nvidia&#39;s most advanced chips to China, tightening restrictions last year.

&#39;Matching Nvidia In Short-Term Is Unlikely,&#39; Analysts Predict As China Ramps Up Search For Rivalling Jensen Huang-Led Chip Giant Amid US Sanctions

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

XPEV

Alibaba and other Chinese tech stocks are up as US Fed plans to cut interest rates, boosting demand and potential for AI growth.

What&#39;s Going On With Chinese Tech Stocks Like Alibaba, PDD On Thursday?

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share

Alibaba Group Holding Ltd

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

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YUMC

Shares of US-listed Chinese stocks are possibly trading higher ahead of expectations that the People's Bank of China will cut rates. Also, the sector may be experiencing strength after the Fed cut rates by 50 basis points.

Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone and iPad operating systems have drawn <a target="_blank" href="https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4761" rel="noreferrer noopener">European regulatory attention</a>.
On Thursday, the European Commission initiated&nbsp;two specification proceedings&nbsp;to help Apple&nbsp;comply with its interoperability obligations under&nbsp;the Digital Markets Act (&#8216;DMA&#8217;).
Apple must ensure free interoperability to third-party developers and businesses to alleviate the regulator&#8217;s antitrust concerns.
The Commission will complete&nbsp;the proceedings&nbsp;within six months from their commencement.
In 2021, the European Commission proposed a <a target="_blank" href="http://ec.europa.eu/commission/presscorner/detail/en/ip_21_4613" rel="noreferrer noopener">rule&nbsp;</a>requiring all smartphones to adopt USB-C ports for physical charging.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/21/09/23101686/eu-rules-could-make-usb-c-chargers-mandatory-apple-iphones-may-need-redesign" rel="noreferrer noopener">EU Rules Could Make USB-C Chargers Mandatory, Apple iPhones May Need Redesign</a>
Big Tech companies, including Apple, Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), have faced global regulatory scrutiny for allegedly stifling competition with their &#8220;walled gardens,&#8221; as they strive to boost their revenue and profits.
Apple faced regulatory scrutiny for making its operating systems compatible with only Apple hardware, citing better user security.
Google faced antitrust probes over its Search market dominance by paying smartphone companies to make its search engine the default option on <a target="_blank" href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report" rel="noreferrer noopener">their web browsers</a>.
U.S. regulators initiated&nbsp;a probe&nbsp;into&nbsp;Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for alleged influence in the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40768376/nvidia-faces-antitrust-probe-over-market-dominance-as-doj-ftc-crack-down-on-ai-powerhouses-repor" rel="noreferrer noopener">artificial intelligence chip market</a>.
Meta Platforms recently came under the EU scanner for alleged monopolizing the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40919557/meta-braces-for-costly-eu-fine-over-marketplace-report" rel="noreferrer noopener">classified advertising market</a>.
It is worth noting that Google&nbsp;won its appeal against the European Commission&#8217;s antitrust fine for its <a target="_blank" href="https://www.benzinga.com/24/09/40915828/google-wins-1-7b-eu-antitrust-fine-appeal-over-5-year-old-online-search-advertising-case" rel="noreferrer noopener">online search advertising business</a>.
Price Action: AAPL stock is trading higher by 3.76% to $226.98 at the last check on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40940715" target="_blank" rel="noreferrer noopener">Apple Revenue Growth &#8216;Just Too Slow For Investors To Get Excited About&#8217;: Analyst Highlights Advertising As Future Catalyst</a></li>
</ul>
Photo via Apple

After Lightning Port, EU Targets Apple's iPhone and iPad Systems, Demands Greater Access for Third-Party Developers

In its bid to create a domestic competitor to rival Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in the artificial intelligence (AI) chip market, China is reportedly facing significant challenges due to U.S. sanctions and technological gaps.
What Happened: Chinese firms are ramping up efforts to develop an alternative to Nvidia&#8217;s chips, crucial for AI operations. This initiative is part of Beijing&#8217;s wider strategy to lessen its reliance on American technology. However, U.S. sanctions on China and Nvidia&#8217;s market dominance pose significant hurdles, CNBC <a href="https://www.cnbc.com/2024/09/19/china-looks-for-domestic-nvidia-rival-but-thats-proving-challenging.html">reported</a> on Thursday. 
&#8220;Competing with Nvidia still presents substantial challenges in technological gaps, especially in general-purpose GPU. Matching Nvidia in the short-term is unlikely,&#8221; said Wei Sun, a senior analyst at Counterpoint Research.
Nvidia&#8217;s success is largely due to its server products, which contain graphics processing units (GPUs) that allow companies to train their AI models on extensive data. These AI models are vital for applications like chatbots and other emerging AI applications.
Since 2022, the U.S. government has curtailed the export of Nvidia&#8217;s most advanced chips to China, tightening restrictions last year. These semiconductors are crucial for China&#8217;s ambition to become a leading AI player.
Several Chinese contenders, including tech giants Huawei, Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and startups like Biren Technology and Enflame, are aiming to challenge Nvidia. However, these companies are currently trailing Nvidia.
See Also: <a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">50% Of New Car Sales In China Are Electric — But In The US, It&#8217;s Only 10%: Are Protectionist Policies Widening The Gap?</a>
U.S. sanctions and their subsequent impacts are the most significant hurdles to China&#8217;s ambitions. Some of China&#8217;s leading Nvidia challengers have been placed on the U.S. Entity List, restricting their access to American technology. Additionally, several U.S. restrictions have prevented key AI-related semiconductors and machinery from being exported to China.
Chinese GPU players design chips and rely on a manufacturing company for production. Previously, Taiwan Semiconductor Manufacturing Co. (TSMC) would have been the go-to, but U.S. restrictions mean many of these firms cannot access TSMC-made chips. As a result, they have to turn to SMIC, China&#8217;s largest chipmaker, whose technology is generations behind TSMC.
Despite these challenges, Chinese startups remain hopeful, seeking to raise funds to achieve their objectives. 
Why It Matters: Despite U.S. sanctions, Chinese tech giants have <a href="https://www.benzinga.com/markets/asia/24/08/40553145/despite-us-limits-on-chinas-access-to-nvidia-chips-tech-titans-like-alibaba-and-tencent-ramp-up-ai-i">increased their capital expenditure</a> in 2024, focusing on AI infrastructure. Furthermore, Nvidia&#8217;s AI chips are <a href="https://www.benzinga.com/government/24/09/40748185/chinas-markets-still-manage-to-get-nvidia-ai-chips-via-smuggling-report">still finding their way</a> into Chinese markets via smuggling, indicating the country&#8217;s continued investment in AI. 
Meanwhile, China&#8217;s Yangtze Memory Technologies Co has <a href="https://www.benzinga.com/government/24/09/40923879/chinas-ymtc-makes-strides-in-chip-production-substitutes-asml-lam-research-tech-as-us-sanctions-bite">made significant strides</a> in substituting foreign chipmaking technology with domestic alternatives. These developments highlight China&#8217;s persistent efforts to become a leading player in the global AI market, despite the challenges.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40915796/japan-expresses-serious-concerns-as-chinese-aircraft-carrier-enters-contiguous-waters-amid-rising-te?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Japan Expresses &#8216;Serious Concerns&#8217; As Chinese Aircraft Carrier Enters Contiguous Waters Amid Rising Tensions: &#8216;Utterly Unacceptable&#8217;</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

'Matching Nvidia In Short-Term Is Unlikely,' Analysts Predict As China Ramps Up Search For Rivalling Jensen Huang-Led Chip Giant Amid US Sanctions

Alibaba shares are trading higher after the company announced the launch of more than 100 new open-source AI models and introduced a text-to-video generation tool.

Chinese e-commerce juggernaut Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), also considered a barometer for the country's tech industry, is up in Thursday's premarket trading following the U.S. Federal Reserve lowering its benchmark interest rate to spur demand.
The U.S. Fed slashed the lending rate by 50 bps, lowering the central bank's benchmark rate to between 4.75% and 5%
Alibaba's domestic peers PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), JD.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) stocks are also up.
<a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">Analysts expect the interest</a> rate cut to drive growth in discretionary spending from U.S. companies. It could also boost Chinese companies that are invested in integrating capital-intensive artificial intelligence technology into their different businesses, including e-commerce, logistics, cloud, and more, to drive growth despite the U.S. sanctions on advanced technology.
Beaten-down Chinese electric vehicle stocks, including NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and ZEEKR Intelligent Technology Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>), are also up Thursday. AI technology is also an indispensable part of their progress.
Meanwhile, China <a target="_blank" href="https://www.benzinga.com/government/24/09/40923879/chinas-ymtc-makes-strides-in-chip-production-substitutes-asml-lam-research-tech-as-us-sanctions-bite" rel="noreferrer noopener">needs help finding</a> solutions to the U.S. technology embargo through domestic chipmakers like Yangtze Memory Technologies Co. However, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) AI chips are still making their way into China via illegal routes and tweaking other countries' export rules.
Meanwhile, Alibaba's cloud unit will host its annual tech event, Aspara Conference 2024, to discuss the future of artificial general intelligence (AGI). Key speakers at the event include Alibaba and cloud unit chief Eddie Wu Yongming and XPeng founder He Xiaopeng, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3279005/alibaba-cloud-kick-annual-aspara-tech-event-focus-ai?module=perpetual_scroll_0&amp;pgtype=article" rel="noreferrer noopener">reports</a>. Autonomous driving and humanoid robots will be major topics at the Aspara main forum. Moonshot AI, StepFun, and Shengshu Technology AI start-ups will likely share their large language model (LLM) experiences.
Alibaba showcased 100 open-source artificial intelligence models catering to applications and sectors ranging from automobiles to gaming and science research, CNBC <a target="_blank" href="https://www.cnbc.com/2024/09/19/alibaba-launches-over-100-new-ai-models-releases-text-to-video-generation.html" rel="noreferrer noopener">cites</a> Alibaba from the event.
The <a target="_blank" href="https://www.benzinga.com/news/24/09/40901862/whats-going-on-with-chinese-ev-stocks-nio-xpeng-li-auto-zeekr-on-tuesday" rel="noreferrer noopener">Chinese stocks got</a> a boost earlier this week from reports indicating People's Bank of China's (PBOC) plans to cut the bank reserve requirement ratio (RRR) by 50 bps, followed by another half-point cut in the first half of 2025.
Price Actions: BABA stock is up 4.11% at $87.89 premarket at last check Thursday. PDD is up 3.27% at $101.44, JD is up 6.50% at $28.67, BIDU is up 3.40% at $87.55, NIO is up 4.78% at $5.25, XPEV is up 5.79% at $9.14, LI is up 2.75% at $21.33, ZK is up 3.63% at $15.71.
Photo via Shutterstock

What's Going On With Chinese Tech Stocks Like Alibaba, PDD On Thursday?

Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) was up by 4.15% during Thursday&#8217;s premarket after announcing the launch of more than 100 new open-source AI models and introduced a text-to-video generation tool.
What Happened: The new models, named Qwen 2.5, are designed for various applications, including automotive, gaming, and scientific research. They feature enhanced capabilities in mathematics and coding, Alibaba stated, CNBC <a href="https://www.cnbc.com/2024/09/19/alibaba-launches-over-100-new-ai-models-releases-text-to-video-generation.html">reported</a> on Thursday.
At the time of writing, Alibaba was trading at $87.92 while it closed at $84.42 on Wednesday, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
These models are open-source, allowing global researchers, academics, and companies to utilize them without needing to train their own systems, saving time and costs. Alibaba aims to increase the adoption of its AI by making these models accessible.
The company also upgraded its proprietary flagship model, Qwen-Max, which is sold through its cloud computing services. Alibaba claims Qwen-Max 2.5-Max outperforms competitors like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and OpenAI in reasoning and language comprehension.
See Also: <a href="https://www.benzinga.com/news/24/09/40892284/oracles-larry-ellison-predicts-police-officers-will-be-supervised-at-all-times-and-citizens-will-be?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oracle&#8217;s Larry Ellison Predicts Police Officers Will Be Supervised &#8216;At All Times&#8217; And Citizens Will Be On Their Best Behavior Thanks To Constant AI-Powered Surveillance</a>
Additionally, Alibaba introduced a text-to-video tool that generates videos from user prompts, similar to OpenAI&#8217;s Sora. CEO Eddie Wu emphasized the company&#8217;s strong investment in AI research and global infrastructure development.
Why It Matters: Alibaba has been aggressively expanding its AI capabilities to rival major players like Microsoft and Amazon.com. According to Derek Yan, Senior Investment Strategist at KraneShares, the company is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40840625/exclusive-ai-to-turbocharge-alibabas-cloud-in-bid-to-rival-microsoft-amazon-says-st">leveraging generative AI</a> to enhance customer service, sales, and marketing, potentially leading to significant operational savings.
Earlier this month, Alibaba launched a new AI-powered sourcing tool aimed at simplifying the sourcing process for American buyers, despite ongoing tensions between Beijing and Washington. This move is part of its <a href="https://www.benzinga.com/news/24/09/40744024/alibaba-boosts-us-expansion-with-new-ai-sourcing-tool-despite-festering-tensions-between-beijing-and">broader strategy to expand</a> its U.S. footprint.
Additionally, Alibaba recently introduced an<a href="https://www.benzinga.com/markets/equities/24/09/40847464/alibaba-dropped-the-ai-powered-english-version-of-taobao-in-this-country-app-quickly-soars-to-th"> AI-powered English version</a> of its Taobao app in Singapore. This update has significantly boosted the app&#8217;s popularity, making it the top shopping app in the country.
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Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Pre-Market Outlook

Alibaba Shares Rise 4% In Premarket After Company Unveils Over 100 New AI Models And Text-To-Video Tool

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$230.00</td>
<td>$25.7K</td>
<td>57.0K</td>
<td>68.6K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$37.50</td>
<td>$28.6K</td>
<td>21.3K</td>
<td>3.3K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$200.00</td>
<td>$26.8K</td>
<td>26.8K</td>
<td>1.2K</td>
</tr>
<tr>
<td>LEVI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$20.00</td>
<td>$26.3K</td>
<td>520</td>
<td>1.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$44.4K</td>
<td>21.8K</td>
<td>921</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$95.00</td>
<td>$28.5K</td>
<td>7.1K</td>
<td>477</td>
</tr>
<tr>
<td>FL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$25.00</td>
<td>$148.0K</td>
<td>472</td>
<td>400</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$50.00</td>
<td>$25.6K</td>
<td>2.5K</td>
<td>238</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$48.00</td>
<td>$40.3K</td>
<td>1.4K</td>
<td>134</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$150.00</td>
<td>$29.6K</td>
<td>25</td>
<td>99</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on September 20, 2024. This event was a transfer of 53 contract(s) at a $230.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $485.0 per contract. There were 57053 open contracts at this strike prior to today, and today 68627 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option sweep with bullish sentiment. It expires in 121 day(s) on January 17, 2025. Parties traded 691 contract(s) at a $37.50 strike. This particular call needed to be split into 113 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $41.0 per contract. There were 21376 open contracts at this strike prior to today, and today 3373 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bearish sentiment. It expires in 30 day(s) on October 18, 2024. Parties traded 180 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $149.0 per contract. There were 26885 open contracts at this strike prior to today, and today 1284 contract(s) were bought and sold. 
• Regarding LEVI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on September 20, 2024. Parties traded 1055 contract(s) at a $20.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $26.3K, with a price of $25.0 per contract. There were 520 open contracts at this strike prior to today, and today 1063 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on October 18, 2024. Parties traded 499 contract(s) at a $90.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $44.4K, with a price of $89.0 per contract. There were 21885 open contracts at this strike prior to today, and today 921 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bearish, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 125 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $228.0 per contract. There were 7143 open contracts at this strike prior to today, and today 477 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a call option trade with bullish sentiment. It expires in 30 day(s) on October 18, 2024. Parties traded 400 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $148.0K, with a price of $370.0 per contract. There were 472 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a put option trade with bearish sentiment. It expires in 58 day(s) on November 15, 2024. Parties traded 45 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $570.0 per contract. There were 2584 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a call option sweep that happens to be bullish, expiring in 121 day(s) on January 17, 2025. This event was a transfer of 95 contract(s) at a $48.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $40.3K, with a price of $425.0 per contract. There were 1477 open contracts at this strike prior to today, and today 134 contract(s) were bought and sold. 
• For DECK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), we notice a put option trade that happens to be bearish, expiring in 184 day(s) on March 21, 2025. This event was a transfer of 24 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $1234.0 per contract. There were 25 open contracts at this strike prior to today, and today 99 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

DECK

LEVI

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

China&#8217;s&nbsp;Yangtze Memory Technologies Co accomplished some breakthroughs in substituting ASML Holding NV&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and&nbsp;Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) chipmaking technology with domestic alternatives as U.S. sanctions take a toll on China&#8217;s artificial intelligence ambitions, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-18/ymtc-advances-chip-tech-with-chinese-tools-techinsights-says?srnd=phx-technology&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">cites</a>&nbsp;TechInsights.
TechInsights analyst David Wei told Bloomberg in an interview that the memory maker leveraged gear from Advanced Micro-Fabrication Equipment Inc. China, Naura Technology Group and Piotech.
Geopolitical tensions have affected companies like YMTC and Huawei Technologies, as the U.S. restricted China&#8217;s access to advanced artificial intelligence chips and chipmaking machinery.
Though YMTC upgraded its &#8220;Xtacking&#8221; tech to help its NAND chip performance be at par with industry leaders Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), Bloomberg cited from a research note. Still, the absence of advanced technologies from companies such as ASML and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued to bite chipmakers like YMTC in the form of a lower production yield.
Chinese hyperscalers such as Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) voiced how the U.S. semiconductor embargo affected<a href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" target="_blank" rel="noreferrer noopener"> AI ambitions</a>.
Meanwhile, the U.S. was in no mood to soften its stance against China as it <a href="https://www.benzinga.com/news/24/09/40891335/nvidia-supplier-asml-among-firms-that-face-potential-new-export-restrictions-as-us-japan-move-to-lim" target="_blank" rel="noreferrer noopener">collaborated with Japan</a> to limit the export of chip technology to China.
Reports also indicated Nvidia AI chips <a href="https://www.benzinga.com/government/24/07/39616102/despite-restrictions-nvidia-chips-are-still-reaching-china-wsj" target="_blank" rel="noreferrer noopener">were making their way into</a> China via smuggling and other channels.
Photo: Shutterstock

Global

ASML

LRCX

SSNLF

China's YMTC Makes Strides in Chip Production; Substitutes ASML, Lam Research Tech As US Sanctions Bite: Report

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) inked a five-year cloud service deal with GoTo Group, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-17/goto-strikes-cloud-deal-that-ties-alibaba-as-owner-for-years?sref=TBDibEcD" rel="noreferrer noopener">reports</a>. The agreement includes not divesting its stake in the struggling Indonesian ride-hailing provider until the end of the agreement.
Financial terms of the deal remain undisclosed.
According to Bloomberg, GoTo is unprofitable and has slashed jobs, exited&nbsp;the Vietnam&nbsp;and&nbsp;Thailand markets, and given up control of its loss-making e-commerce arm, Tokopedia.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40813395/jack-ma-urges-alibaba-to-embrace-competition-highlights-growth-opportunities" rel="noreferrer noopener">Jack Ma Urges Alibaba to Embrace Competition, Highlights Growth Opportunities</a>
Under the new deal, GoTo will use Alibaba&#8217;s cloud service to help run its ride-hailing and delivery services in Indonesia and Singapore.
Meanwhile, Alibaba is battling its demons. The Chinese e-commerce juggernaut is fighting an intense e-commerce and <a target="_blank" href="https://www.benzinga.com/news/24/05/39005410/whats-going-on-with-alibaba-stock-on-friday" rel="noreferrer noopener">cloud services price war</a> with domestic rivals as it recuperates from the three-year <a target="_blank" href="https://www.benzinga.com/government/24/08/40650893/alibaba-clears-3-year-regulatory-antitrust-scrutiny-stock-gains" rel="noreferrer noopener">domestic regulatory antitrust crackdown</a>.
Additionally, the U.S. advanced semiconductor sanctions on China are taking a toll on its artificial intelligence ambitions. Alibaba&#8217;s Cloud Intelligence Group revenue grew by 6% to $3.65 billion in the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40390854/alibaba-q1-earnings-revenue-miss-amid-price-war-profit-beat-international-commerce-and-cloud-segmen" rel="noreferrer noopener">fiscal first quarter</a>. Net income plunged 29% to $3.34 billion.&nbsp;
Goto&#8217;s early investor Alibaba&#8217;s stake has shrunk to about 7.5% from <a target="_blank" href="https://www.benzinga.com/news/22/10/29355057/goto-approaches-alibaba-and-softbank-to-help-salvage-stock-crash" rel="noreferrer noopener">9% in 2022</a>, Bloomberg writes.
Price Action:&nbsp;BABA stock is up 0.19% at $84.86 premarket at&nbsp;the last check Wednesday.
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</ul>
Photo by Fooksou Lamimo via Wikimedia Commons

Alibaba Strikes 5-Year Cloud Deal with Indonesia's GoTo, Delays Stake Divestment

The <a href="https://www.benzinga.com/government/24/09/40793314/huawei-targets-iphones-premium-market-with-2-800-foldable-mate-xt-launch-report">upcoming trifold smartphone</a> from Huawei Technologies, China&#8217;s top smartphone maker, is being listed for over $7,000 on online marketplaces, more than double its list price, even before its official release.
What Happened: Scheduled to be released on Friday, Huawei&#8217;s new Mate XT is already being offered on online marketplaces at inflated prices due to its limited availability and high demand, <a href="https://asia.nikkei.com/Business/Electronics/Huawei-trifold-phones-being-flipped-for-7-000-even-before-release">reported</a> Nikkei Asia.
The device, which is the world&#8217;s first trifold smartphone, has seen preorders on Huawei&#8217;s homepage alone exceed 5 million.
The Mate XT, unveiled on Sept. 10, is expected to be available in Guangzhou stores no sooner than February or March next year.
See Also: <a href="https://www.benzinga.com/news/24/09/40892284/oracles-larry-ellison-predicts-police-officers-will-be-supervised-at-all-times-and-citizens-will-be?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oracle&#8217;s Larry Ellison Predicts Police Officers Will Be Supervised &#8216;At All Times&#8217; And Citizens Will Be On Their Best Behavior Thanks To Constant AI-Powered Surveillance</a>
The phone, which measures 10.2 inches when unfolded and is 3.6 millimeters thick, comes with generative artificial intelligence and satellite communication functions.
On Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) flea market app Xianyu, listings for the phone have been spotted for as high as 49,999 yuan, over $7,000, more than twice the price of the top-end model.
Some sellers are even asking for around 100,000 yuan (about $14,089.47), saying they have guaranteed access to the phone due to early reservations at physical stores.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The Mate XT, with a starting price tag of $2,800, was announced by Huawei shortly after Apple Inc. launched its iPhone 16 series, marking <a href="https://www.benzinga.com/news/24/09/40845772/huaweis-2-800-tri-fold-phone-has-the-potential-to-eat-apples-lunch-in-china-here-is-how-it-compares">Huawei&#8217;s intensified efforts</a> to challenge Cupertino&#8217;s smartphone dominance in China.
The trifold smartphone&#8217;s high price tag and its potential to rival Apple&#8217;s iPhone 16 Pro Max, which retails for $1,199 for 256 GB storage, has made it a subject of curiosity.
However, the cost of replacing the <a href="https://www.benzinga.com/news/24/09/40847304/huawei-might-be-giving-apple-a-run-for-its-money-in-china-but-replacing-the-tri-folds-screen-could-c">Mate XT&#8217;s screen could set owners</a> back as much as a brand-new iPhone, with a replacement OLED panel costing about $1,125.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Huawei's Trifold Is Now Fetching $7,000 As Buyers Flip Apple Rival's Device On Online Marketplaces In China

Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) stock was down Monday as China&#8217;s lackluster economic data led to a sell-off, SCMP <a target="_blank" href="https://www.scmp.com/business/markets/article/3278646/hong-kong-stocks-fall-weak-china-data-alibaba-and-tencent-lead-losses" rel="noreferrer noopener">reports</a>.
The economy also bears the brunt of the U.S. advanced semiconductor sanctions by restricting its access to sophisticated artificial intelligence chips from Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and peers.
Hyperscalers like Alibaba and Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) need the chips to accomplish their AI ambitions. AI can prove to be a crucial benefactor for its e-commerce, logistics and cloud businesses, something that Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) accomplished.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39982380/alibaba-and-tencent-lap-up-metas-ai-large-language-model" rel="noreferrer noopener">Alibaba And Tencent Lap Up Meta&#8217;s AI Large Language Model</a>
Last week, the <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/40856820/biden-hikes-tariffs-on-chinese-goods-alibaba-jd-com-stocks-drop" rel="noreferrer noopener">Biden administration announced</a> tariff hikes&nbsp;on Chinese imports, including Chinese electric vehicles, solar cells, steel, aluminum, EV batteries, and critical minerals, effective September 27.
Economic data showed that Chinese industrial production, retail sales, and fixed-asset investment&nbsp;were disappointing in August. Home prices reported a record low in nine years.
Barclays flagged to SCMP the urgency of stepping up policy easing and boosting domestic demand.
The People&#8217;s Bank of China (PBOC) told SCMP it could slash banks&#8217; reserve requirement ratio (RRR) by 50 bps, followed by another half-point cut in the first half of next year.
Alibaba stock is down close to 3% in the last 12 months.
<h2 class="wp-block-heading">Alibaba Stock Forecast For 2030</h2>
Predicting the future in stock prices over long periods of time is challenging. Wall Street analysts use complex models that take into account interest rates, economic growth, competitive advantages, management teams and historical profitability, among a host of other factors.
If, as an investor, you want to assume most of the major factors remain stable, you can use trend analysis as a helpful tool. Using a longer term trend line or historical performance of the stock, you can aim to forecast a stock's annual rate of return.
 For Alibaba, over the past 5 years, it's annualized stock performance is -13.4%, and if you assume that trend continues for another 5 years, you can expect a stock to trade at $40.81.
Using a trend line (see how to <a href="https://www.benzinga.com/23/01/30335939/a-guide-on-how-to-identify-trend-reversals">perform this function here</a>), If you choose to use a trend line, connect your two points and look into the future to the point in time in which you're curious. Once you've identified that stock price, you may want to consider what type of conditions would need to exist for the stock to justify the share price &#8211; be it an outside influence or managerial decision making.
Price Action: BABA stock is down 1.04% at $83.81 at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/09/40748185/chinas-markets-still-manage-to-get-nvidia-ai-chips-via-smuggling-report" target="_blank" rel="noreferrer noopener">China&#8217;s Markets Still Manage To Get Nvidia AI Chips Via Smuggling: Report</a></li>
</ul>
Image via Shutterstock

What's Going On With Alibaba Stock On Monday?

US-listed shares of Chinese stocks, including Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and PDD Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), are trading slightly lower Monday following weak economic data <a href="https://www.benzinga.com/markets/asia/24/09/40874162/gold-clocks-new-high-while-dollar-weakens-asia-and-europe-markets-mixed-global-markets-today-while-u">released over the weekend.</a>
The Details:
Data released on Saturday showed factory output, consumption and investment in China all slowed more than anticipated, while the jobless rate unexpectedly rose to a six-month high. Home prices also fell at the fastest pace in ten years, increasing the likelihood of the world's second-largest economy falling into a deflationary spiral.&nbsp;
Credit data released last week showed private confidence remained weak despite a string of interest-rate cuts, and the People's Bank of China last week indicated it will prepare additional stimulus and policies to revive the economy. 
Mainland China markets will be closed through Wednesday for the Mid-Autumn festival holiday, though Hong Kong markets were open and closed slightly higher Monday after a choppy session.
Read Next: <a href="https://www.benzinga.com/news/24/09/40856610/why-temu-parent-pdd-holdings-stock-is-down">Why Temu Parent PDD Holdings&#8217; Stock Is Down</a>
What Else: Last Friday, the Biden administration announced <a href="https://www.benzinga.com/markets/asia/24/09/40856820/biden-hikes-tariffs-on-chinese-goods-alibaba-jd-com-stocks-drop">significant tariff hikes</a> on Chinese goods, including a 100% duty on electric vehicles, 50% on solar cells, and 25% on steel, aluminum, EV batteries, and key minerals. The increased tariffs are set to take effect on Sept. 27, according to the U.S. Trade Representative (USTR).
Shares of Chinese EV companies, including NIO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), are trading lower on both increased tariffs and the weekend's grim economic data out of China. Temu parent-company, PDD Holdings, is also trading lower after the White House on Friday announced new measures to tackle the abuse of the de minimis exemption by Chinese e-commerce<a href="https://www.benzinga.com/government/24/09/40853105/team-biden-targets-shein-and-temu-with-new-rules-to-curb-abuse-of-us-trade-loophole-by-chinese-e-com?utm_source=benzingaringthebell.beehiiv.com&amp;utm_medium=newsletter&amp;utm_campaign=biden-cracks-down-on-this-sector-driving-stocks-lower&amp;_bhlid=56d049d1d05577c8fbecd8beb454f1a79b649bbb"> platforms</a>.&nbsp;
BABA, PDD, NIO, LI Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, US-listed Alibaba Group shares are down 1.5% at $83.42, PDD Holdings shares are down 0.93% at $94.11, Nio shares are down 2.22% at $5.42 and Li Auto shares are trading 1.78% lower at $18.78 at the time of publication Monday.
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</ul>
Image: Shutterstock

Alibaba, NIO, Other Chinese Stocks On Watch Following Weak Economic Data: What To Know

<a href="https://www.theinformation.com/articles/bytedance-steps-up-ai-chip-efforts" title="https://www.theinformation.com/articles/bytedance-steps-up-ai-chip-efforts">https://www.theinformation.com/articles/bytedance-steps-up-ai-chip-efforts</a>

SNAP

'TikTok's Parent Company, ByteDance, Is Accelerating Efforts To Make Its Own Artificial Intelligence Chips As It Looks For An Edge Over Its Rivals In China's AI Chatbot Market' - The Information

Tencent Holdings Ltd (OTCPK:TCEHY) (OTCPK:TCTZF) is harnessing the power of AI to shake up the digital advertising space in <a href="https://www.benzinga.com/quote/TCEHY/news">a big way</a>. 
In an exclusive interview with Benzinga, Derek Yan, senior investment strategist at KraneShares, said that the Chinese tech giant is positioning itself to maintain a competitive edge and sustain growth in the rapidly evolving digital landscape.
<h2 class="wp-block-heading">Tencent&#8217;s AI Initiatives To Supercharge Marketing Efforts</h2>
"Tencent is leveraging its proprietary AI models to enhance ad targeting precision and attribution tracking," says Yan. This has been a critical driver of Tencent's impressive advertising revenue growth, enabling advertisers to reach consumers more effectively and boost click-through rates.
In a space where precision is everything, Tencent's AI models are proving invaluable. But the company isn't stopping there. Yan highlights how Tencent is "equipping advertisers with generative AI tools that can dynamically create ad visuals tailored for various ad placements." 
This capability allows advertisers to produce more engaging, customized ads on the fly, which has the potential to supercharge their marketing efforts and drive even more revenue.
<h2 class="wp-block-heading">How Tencent&#8217;s TikTok Rival &#8211; WeChat Is Capitalizing On New Opportunities</h2>
Tencent's flagship platforms, particularly WeChat and its video account feature (a rival to ByteDance's Douyin and TikTok), still have "substantial untapped potential for further monetization," according to Yan. 
Integrating AI technologies could unlock new opportunities to capitalize on this potential. In fact, Tencent's Executive Director and President, Martin Lau, mentioned in a recent earnings call that AI is expected to provide a near-term boost in ad revenue.
According to Yan, even a modest 10% increase in ad load within the WeChat and video account ecosystem could generate an additional RMB 10 billion (approx. $1.4 billion), most of which would go straight to profit.
<a href="AI To 'Turbocharge' Alibaba's Cloud In Bid To Rival Microsoft, Amazon, Says Strategist" target="_blank" rel="noreferrer noopener">Read Also: EXCLUSIVE: AI To &#8216;Turbocharge&#8217; Alibaba&#8217;s Cloud In Bid To Rival Microsoft, Amazon, Says Strategist</a>
<h2 class="wp-block-heading">Tencent&#8217;s Advertising Getting Stronger</h2>
With AI integration driving both operational efficiency and revenue growth, Tencent's advertising game is only getting stronger. The real question is whether Tencent can continue to outpace competitors and fully capitalize on AI's potential, or will rivals like Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) close the gap?
One thing's for sure—Tencent is betting big on AI to keep its digital dominance intact.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40821034/exclusive-ai-in-china-the-sleeping-giant-awakens-kraneshares-strategist-says-we-sho" target="_blank" rel="noreferrer noopener">EXCLUSIVE: AI In China — The Sleeping Giant Awakens? KraneShares Strategist Says We Should Be Paying Attention</a></li>
</ul>
Photo: katjen/Shutterstock.com

Analyst Color

Asia

Long Ideas

Exclusives

Markets

Analyst Ratings

Trading Ideas

Interview

BABAF

TCEHY

TCTZF

EXCLUSIVE: Tencent Leverages AI To 'Enhance Ad Targeting Precision,' Says Expert

The Biden administration announced Friday that it has finalized and <a href="https://www.benzinga.com/news/24/08/40643613/jd-vance-slammed-by-ex-obama-advisor-for-spewing-frustrating-lies-on-tariffs-stresses-need-for-fact">implemented significant tariff hikes</a> on Chinese imports, first introduced in May, to better safeguard strategic domestic industries from China&#8217;s excess manufacturing volume.
Many tariffs, including a 100% duty on Chinese electric vehicles, 50% on solar cells, and 25% on steel, aluminum, EV batteries, and key minerals, are set to take effect on Sept. 27, according to the U.S. Trade Representative (USTR).
The USTR determination included a 50% duty on Chinese semiconductors &#8212; polysilicon used in solar panels and silicon wafers &#8212; are set to begin next year, Reuters reported.
The USTR kept the 25% tariff on lithium-ion batteries, minerals and components. Tariffs for all other devices, such as laptops and cell phones, will take effect at the start of 2026.
China has promised to retaliate against the &#8220;bullying&#8221; tariff hikes and argued that its EV industry&#8217;s success is due to innovation, not support from its government. 
Read Also: <a href="https://www.benzinga.com/news/24/08/40597203/xi-jinpings-mouthpiece-slams-canada-says-ottawa-is-shooting-itself-in-the-foot-with-100-tariffs-on-e">Xi Jinping&#8217;s Mouthpiece Slams Canada, Says Ottawa Is &#8216;Shooting Itself In The Foot&#8217; With 100% Tariffs On EV</a>
The higher U.S. tariffs are being imposed as Vice President Kamala Harris and former President Donald Trump campaign in auto and steel-producing states, both aiming to demonstrate a tough stance on China with the November presidential election approaching.
The USTR hiked tariffs to 50% on medical face masks and surgical gloves, up from a proposed 25%, but pushed back their start to give buyers a chance to switch to non-Chinese suppliers. 
The tariff on Chinese syringes will double to 100%, but USTR will allow a temporary exclusion for enteral syringes, used to feed infants, for a year.
The USTR also said it will consider requests to exclude tariffs on five Chinese industrial machinery categories, including those for machinery for purifying or filtering liquids, industrial robots and printing machinery.
It will also exclude tariffs for Chinese solar wafer and cell manufacturing equipment, but not for equipment used to make full solar modules.
Price Action: Several Chinese companies that trade in the U.S. declined in Friday&#8217;s early-morning trading.
<ul>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) fell 1.12% to $84.53.</li>
<li>PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) dropped 2.6% to $94.71.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) slipped 1.14% to $26.36.</li>
</ul>
Meanwhile, Chinese exchange-traded funds gained on Friday morning.
<ul>
<li>IShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) rose 0.27%.</li>
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) slipped 0.72%.</li>
<li>IShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) ticked up 0.49%.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/05/38758049/biden-plans-new-tariffs-on-china-targets-electric-vehicles-and-other-strategic-sectors-report">Biden Plans New Tariffs On China, Targets Electric Vehicles And Other Strategic Sectors: Report</a></li>
</ul>
Photo: Shutterstock

ETFs

KWEB

MCHI

Biden Hikes Tariffs On Chinese Goods, Alibaba, JD.com Stocks Drop

Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has launched an artificial intelligence-driven English version of its Taobao app in Singapore.
What Happened: The app, which previously ranked in the top ten shopping apps, surged to the top of Apple Inc.&#8216;s App Store charts in Singapore following the update. This move aims to cater to the diverse language needs of Singaporean users, <a href="https://www.cnbc.com/2024/09/13/alibabas-taobao-launches-ai-powered-english-version-in-singapore.html">reported</a> CNBC on Friday.
The AI translation feature enhances accessibility for non-Chinese users, eliminating the need for manual translations. The update also allows price conversions from yuan to Singapore dollars.
Despite these advancements, the report noted that some features, such as currency conversion and literal translations, still need improvement. Social media users in Singapore quickly highlighted the new features, with a TikTok video demonstrating the English display option garnering 947,000 views in one day.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40814908/whats-going-on-with-ford-motor-stock-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Ford Motor Stock Today?</a>
Why It Matters: The launch of the AI-powered English version of Taobao in Singapore is a significant step for Alibaba Group as it aims to expand its global footprint. This follows a series of strategic moves by the company to leverage artificial intelligence and enhance its services.
On Thursday, Derek Yan, Senior Investment Strategist at KraneShares, highlighted that Alibaba is positioning itself as a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40840625/exclusive-ai-to-turbocharge-alibabas-cloud-in-bid-to-rival-microsoft-amazon-says-st">major player in the AI revolution</a>. The company is experimenting with AI-powered sales assistants and marketing tools, which could lead to significant operational savings and efficiency.
Additionally, Alibaba recently launched <a href="https://www.benzinga.com/government/24/09/40835430/alibaba-launches-cainiao-next-day-delivery-in-europe-plans-global-e-commerce-hubs">next-day delivery services in Europe</a> through its Cainiao Smart Logistics Network, further emphasizing its commitment to global expansion. This service includes a 2 euros ($2.20) option for deliveries in Spain and Portugal, showcasing Alibaba&#8217;s efforts to enhance its logistics capabilities.
Moreover, on Wednesday, Jack Ma, co-founder of Alibaba, urged the <a href="https://www.benzinga.com/news/24/09/40813395/jack-ma-urges-alibaba-to-embrace-competition-highlights-growth-opportunities">company to embrace competition</a> and highlighted growth opportunities. Ma&#8217;s comments came after Alibaba received a clean chit from Chinese regulators, following three years of scrutiny that affected the IPO of its fintech affiliate, Ant Group.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825182/anthony-scaramucci-said-last-week-bitcoin-could-touch-up-to-200k-now-hes-thanking-living-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Said Last Week Bitcoin Could Touch Up to $200K, Now He&#8217;s Thanking &#8216;Living Legend&#8217; Michael Saylor For Book Foreword</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Alibaba Dropped The AI-Powered English Version Of Taobao In This Country, App Quickly Soars To The Top Of The Charts In No Time

Alibaba Group Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) isn't just aiming to dominate e-commerce—it's positioning itself as a major player in <a href="https://www.benzinga.com/topic/artificial-intelligence">the AI revolution</a>.
<h2 class="wp-block-heading">AI-Powered Sales Assistants, Marketing Tools</h2>
According to Derek Yan, Senior Investment Strategist at KraneShares, generative AI could transform Alibaba's customer service, sales, and marketing by enabling real-time, natural conversations with customers.
"The company is already experimenting with AI-powered sales assistants and marketing tools," Yan says, which could lead to significant operational savings. Imagine a world where AI instantly handles every customer query, streamlining interactions and boosting sales efficiency.
<h2 class="wp-block-heading">Turbocharged Ali Cloud To Challenge Microsoft Azure-OpenAI, AWS-Anthropic</h2>
But while improving customer interactions is a major focus, Alibaba's AI ambitions don't stop there. Yan highlights that generative AI could &#8220;turbocharge&#8221; the enormous potential of Alibaba&#8217;s cloud computing division, Ali Cloud. 
This could lead to synergies similar to Microsoft Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure-OpenAI or Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS-Anthropic. 
"Many internet companies in China already use Ali Cloud," Yan points out, including Xiaohongshu (Little Red Book), a social platform with over 300 million users.
Read Also: <a href="https://www.benzinga.com/news/24/09/40813395/jack-ma-urges-alibaba-to-embrace-competition-highlights-growth-opportunities">Jack Ma Urges Alibaba to Embrace Competition, Highlights Growth Opportunities</a>
<h2 class="wp-block-heading">Ali Cloud&#8217;s Integration With GenAI</h2>
By integrating generative AI into Ali Cloud, Alibaba is expanding its partnerships into new industries, particularly in China's booming automotive sector.
For example, FAW Group, one of China's auto giants, is using Ali Cloud's large language model, Qwen, to build AI-powered applications that generate reports and analyze data for business decisions. This is just one of the many applications where Ali Cloud is providing over 70% of China's domestic automobile enterprises with cloud computing services.
Yan believes that Alibaba's generative AI efforts will unlock new revenue streams and further solidify its position in China's tech ecosystem. 
As AI continues to evolve, Alibaba's ability to integrate this technology into its business lines will determine whether it can outpace competitors and truly lead in the AI era. 
For now, Alibaba's AI-powered future looks promising—but whether these innovations will match the growth of its U.S. counterparts remains to be seen.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40821034/exclusive-ai-in-china-the-sleeping-giant-awakens-kraneshares-strategist-says-we-sho">EXCLUSIVE: AI In China — The Sleeping Giant Awakens? KraneShares Strategist Says We Should Be Paying Attention</a></li>
</ul>
Photo: Shutterstock

MSFT

EXCLUSIVE: AI To 'Turbocharge' Alibaba's Cloud In Bid To Rival Microsoft, Amazon, Says Strategist

Cainiao Smart Logistics Network, a unit of Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), has launched next-day delivery services in Europe as part of its strategy to expand globally.
The service includes a 2 euros ($2.20) option for deliveries in Spain and Portugal. In contrast, a three-day delivery service priced at 3-5 euros is available in other European countries, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3278130/alibaba-logistics-arm-cainiao-launches-next-day-delivery-europe-builds-new-hubs" rel="noreferrer noopener">cites</a> from the 2024 Smart Global Logistics Summit in&nbsp;Hangzhou.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40813395/jack-ma-urges-alibaba-to-embrace-competition-highlights-growth-opportunities" rel="noreferrer noopener">Jack Ma Urges Alibaba to Embrace Competition, Highlights Growth Opportunities</a>
During the Summit, the company also revealed plans to develop a new batch of global e-commerce logistics hubs to serve e-commerce platforms, brands, and merchants worldwide.
A fleet of aircraft that can transport goods internationally within 72 hours will support Cainiao&#8217;s global logistics network.
In March, Alibaba Group abandoned its <a target="_blank" href="https://www.benzinga.com/news/24/03/37966074/alibabas-strategy-shift-aims-for-turnaround-with-enhanced-logistics-and-share-buybacks-earns-analyst" rel="noreferrer noopener">initial public offering plans</a> for its logistics arm, citing strategic and current market considerations. Instead, Alibaba Group proposed integrating Cainiao with core e-commerce operations to regain market share and drive growth.&nbsp;
Alibaba Group stock is down 4% in the last 12 months.
The Chinese e-commerce juggernaut&#8217;s inclusion in the cross-border Stock Connect program marks a key turnaround opportunity, SCMP cites historical trends.
Hong Kong-listed tech giants like Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGF#OTC">MPNGF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>), and Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) experienced significant stock price increases following their inclusion in the Stock Connect program, SCMP <a target="_blank" href="https://www.scmp.com/business/china-business/article/3278094/alibaba-benefit-more-cross-border-link-trading-history-tencent-meituan-shows" rel="noreferrer noopener">cites</a> from its compiled data.
In the six months after joining, the stocks gained 12%-23%. Over 12 months, Meituan and Xiaomi saw even more significant gains, more than doubling in value.
Price Action: BABA stock is up 0.32% at $85.09 at the last check Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40390854/alibaba-q1-earnings-revenue-miss-amid-price-war-profit-beat-international-commerce-and-cloud-segmen" target="_blank" rel="noreferrer noopener">Alibaba Q1 Earnings: Revenue Miss Amid Price War, Profit Beat, International Commerce and Cloud Segments Shine</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MPNGF

MPNGY

XIACF

XIACY

Alibaba Launches Cainiao Next-Day Delivery In Europe, Plans Global E-Commerce Hubs

While the world focuses on Silicon Valley, one investment strategist is taking heed of China&#8217;s bold moves in <a href="https://www.benzinga.com/topic/artificial-intelligence">the artificial intelligence space</a>.
What Happened: Derek Yan, a senior investment strategist at KraneShares, spoke to Benzinga about how China&#8217;s internet giants are laying the groundwork for massive AI adoption.
U.S. investors can access China AI opportunities through ETFs like the KraneShares Hang Seng TECH Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTEC#NYSE">KTEC</a>). The ETF tracks Hong Kong&#8217;s 30 largest tech companies, offering exposure to high-growth, innovative sectors like cloud, e-commerce and fintech. It&#8217;s market cap-weighted with an 8% cap per stock. 
Top holdings of the ETF include Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>), Meituan (OTCPK: MPNGF), Tencent Holdings Ltd (OTCPK: TCEHY), JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Xiaomi Corp (OTCPK: XIACF) and Kuaishou Technology (OTCPK: KUASF).
One way Chinese companies are taking a lead is by training their own models or using open-source ones — particularly in industries like entertainment, marketing and health care, Yan says.
The vast pool of data gathered from over a billion internet users is advantageous to companies when training large language models, he adds.
"China&#8217;s internet companies have previously proven successful in commercializing new technologies," Yan said, citing the mobile tech boom that fueled the rise of these giants.
Read Also: <a href="https://www.benzinga.com/news/24/07/39702149/china-dominates-global-generative-ai-adoption-as-local-startups-face-fierce-competition-from-the-lik">China Dominates Global Generative AI Adoption As Local Startups Face Fierce Competition From The Likes Of Alibaba And Baidu</a>
Why It Matters: China's pace of adoption is nothing short of impressive, the strategist said.
"Chinese consumers tend to adopt new technology quicker than global peers," Yan said, adding that this agility is evident in how quickly AI is being integrated. Companies like Kuaishou are already seeing success, with their AI model Kling rivaling OpenAI's Sora, he said. 
By 2025, we'll see big Chinese enterprises adopting AI on a massive scale, Yan said. 
The stage is set for generative AI to transform China's business landscape, potentially driving huge growth in earnings for internet companies, in his view. 
And with AI tools improving customer experience and cost efficiency, it's clear China isn't just catching up — it's preparing to leapfrog into the future.
Read Next: 
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<li><a href="https://www.benzinga.com/government/24/09/40748185/chinas-markets-still-manage-to-get-nvidia-ai-chips-via-smuggling-report">China&#8217;s Markets Still Manage To Get Nvidia AI Chips Via Smuggling: Report</a></li>
</ul>
Image: Shutterstock

Specialty ETFs

KTEC

KUASF

EXCLUSIVE: AI In China — The Sleeping Giant Awakens? KraneShares Strategist Says We Should Be Paying Attention

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LCID</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$3.50</td>
<td>$34.9K</td>
<td>4.5K</td>
<td>5.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$182.50</td>
<td>$64.0K</td>
<td>1.0K</td>
<td>3.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$44.1K</td>
<td>19.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$55.1K</td>
<td>35.5K</td>
<td>780</td>
</tr>
<tr>
<td>TPR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$35.8K</td>
<td>1.3K</td>
<td>311</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$40.00</td>
<td>$59.4K</td>
<td>3.1K</td>
<td>307</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$26.7K</td>
<td>22.7K</td>
<td>295</td>
</tr>
<tr>
<td>CPRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$27.50</td>
<td>$44.0K</td>
<td>4.9K</td>
<td>238</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$36.00</td>
<td>$29.4K</td>
<td>0</td>
<td>137</td>
</tr>
<tr>
<td>ETSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$50.00</td>
<td>$53.8K</td>
<td>480</td>
<td>108</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 850 contract(s) at a $3.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $41.0 per contract. There were 4589 open contracts at this strike prior to today, and today 5600 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bullish, expiring in 2 day(s) on September 13, 2024. This event was a transfer of 200 contract(s) at a $182.50 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $320.0 per contract. There were 1034 open contracts at this strike prior to today, and today 3110 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on October 18, 2024. Parties traded 300 contract(s) at a $90.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $44.1K, with a price of $147.0 per contract. There were 19947 open contracts at this strike prior to today, and today 2038 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option sweep that happens to be bearish, expiring in 492 day(s) on January 16, 2026. This event was a transfer of 253 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $55.1K, with a price of $218.0 per contract. There were 35598 open contracts at this strike prior to today, and today 780 contract(s) were bought and sold. 
• Regarding TPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), we observe a put option sweep with neutral sentiment. It expires in 128 day(s) on January 17, 2025. Parties traded 311 contract(s) at a $35.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $115.0 per contract. There were 1358 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a put option sweep with bearish sentiment. It expires in 282 day(s) on June 20, 2025. Parties traded 82 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $59.4K, with a price of $725.0 per contract. There were 3156 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option sweep that happens to be bullish, expiring in 128 day(s) on January 17, 2025. This event was a transfer of 375 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $72.0 per contract. There were 22700 open contracts at this strike prior to today, and today 295 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a put option trade that happens to be bearish, expiring in 128 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $440.0 per contract. There were 4903 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold. 
• For CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we notice a call option sweep that happens to be bullish, expiring in 65 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $36.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $294.0 per contract. There were 0 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we notice a call option sweep that happens to be bullish, expiring in 100 day(s) on December 20, 2024. This event was a transfer of 92 contract(s) at a $50.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.8K, with a price of $585.0 per contract. There were 480 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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ETSY

LCID

PTON

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Spotlight on Authentic AI: Developers Making Real Contributions Beyond AI Washing Claims

Entertainment

Olympian and Four-time NBA Champion Tony Parker Named as Face of Alibaba.com's Olympic Games Paris 2024 Campaign

Alibaba Group Will Announce June Quarter 2024 Results on August 15, 2024

Alibaba Group Announces June Quarter 2024 Results

Alibaba International Wraps Up 2024 Global E-Commerce Challenge, Highlighting Youth Innovation

Fintech

Alibaba.com Unveils Game-Changing AI Sourcing Agent, Helping SMEs Simplify Global Trade

Alibaba.com and Mastercard Team up to Launch U.S. Co-Branded Business Credit Card Powered by Cardless

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