INTC - What's Going On With Alibaba Stock Wednesday? | Benzinga
Alibaba Group Holding Limited (NYSE: BABA) stock is trading lower Wednesday in line with broader indexes IShares China Large-Cap ETF (NYSE: FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE: KWEB).
Meanwhile, Alibaba remains engaged in driving value in different segments.
Alibaba Pictures Group looks to acquire a majority stake in Pony Media Holdings, which owns Damai, a significant producer of live performances in China, including concerts, festivals, plays, and sporting events.
The $167 million deal aims to expand Damai's presence in the live entertainment industry, including event production, promotion, venue ...