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Benzinga
Benzinga
World
Adam Eckert

What's Going On With Alibaba Stock?

BABA Alibaba Alibaba Group Holding Ltd NYSE JPMorgan

Alibaba Group Holding Ltd (NYSE:BABA) shares are trading higher Tuesday alongside several Chinese companies in possible anticipation of the country's "618" holiday shopping event.

China's annual mid-year "618" shopping festival kicks off this weekend in what has historically been the country's second-largest shopping event by sales. About 250,000 merchants and brands from around the world took part in the event last year, which was up more than 100% from 2020, according to several reports. 

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