What's Going On With Alibaba Stock Monday?
Alibaba Group Holding Limited focuses on four new business pillars for growth, following the halt of its cloud unit spin-off. The company's priorities include technology-driven internet platforms, AI-driven technology businesses, global commerce networks, and strategic-level innovation in critical areas. Alibaba also plans to acquire a minority stake in the Vietnamese cosmetics and beauty chain Hasaki. The company has refuted rumors of employee layoffs. BABA shares traded lower by 0.63% at $77.11 premarket Monday.