What's Going On With Alibaba Stock Tuesday?

Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Tuesday amid reports of Apple Inc's (NASDAQ: AAPLnew iPhone 15 series available for steep discounts on Chinese e-commerce websites for its Double 11 online sales extravaganza, also known as Singles' Day which falls on November 11 each year.

Also Read: Alibaba, Tencent And Ant Invest $342 Million in AI Startup Zhipu, Eyeing Rivalry with Microsoft's OpenAI

The discounting marks the iPhonemaker's stiff competition against Huawei Technologies' Mate 60 Pro 5G handset amid escalating geopolitical tensions between the U.S. and China, SCMP 

Full story available on Benzinga.com


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