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Benzinga
Benzinga
Business
Melanie Schaffer

Here's Why Alibaba Stock Looks Set To Soar

Alibaba BABA NYSE China

Alibaba Group Holdings, Inc (NYSE:BABA) stock is rallying in Thursday's trading session after closing slightly lower on Wednesday.

Traders and investors are optimistic that beaten down Chinese-based stocks could regain ground as China eases regulatory restrictions on its big tech companies in an attempt to revive its economy.

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