Alibaba Stock Is Soaring. What’s Driving Its Big Move.
Alibaba stock was on a tear Wednesday amid signs that the tough regulatory landscape for Chinese tech stocks—one of two key headwinds facing the sector—is improving. Progress has put investors on a buying streak. Shares in Alibaba (ticker: BABA) has jumped 6.6% in U.S. premarket trading on Wednesday. The group’s Hong Kong-listed stock advanced 8.7%, … Read more