Why Alibaba Shares Are Moving Today

Alibaba Group Holding Ltd - ADR BABA shares are trading higher by 3.7% at $217.27 on a report the company, and Tencent, are considering opening their ecosystems to one another, with Alibaba considering letting e-commerce customers buy goods with Tencent's WeChat Pay.

Alibaba is the world's largest online and mobile commerce company. The company operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).

Alibaba has a 52-week high of $319.32 and a 52-week low of $198.26.