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Benzinga
Benzinga
Business
Henry Khederian

Why Alibaba Shares Are Rising Today

BABA Alibaba Alibaba Group Holding Ltd Xi Jinping

Alibaba Group Holding Ltd - ADR (NYSE:BABA) shares are trading higher by 5.74% to $111.23. Shares of Chinese companies are trading higher during Thursday’s session after Chinese President Xi Jinping said China would adopt measures to reach its economic targets despite the impacts of COVID-19 measures.

Xinhua reported that in a keynote speech to a virtual BRICS Business Forum on Wednesday, Xi said the country will "strengthen macro-policy adjustment and adopt more effective measures to strive to meet the social and economic development targets for 2022 and minimize the impacts of COVID-19."... Read More

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