What’s Going On With Alibaba Stock Tuesday?

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Benzinga

Alibaba Group Holding Ltd (NYSE: BABA)stock is trading lower Tuesday in line with the broader index IShares China Large-Cap ETF (NYSE: FXI). The company is embarking on a strategic shift underits new CEO, Eddie Wu. Wu’s vision, outlined in a memo to staff, emphasizes an AI-first approach and an unwavering focus on user experience. Also Read:Alibaba Elevates AI War with Advanced Open-Source Models While Alibaba boasts hundreds of millions of users, it has faced growing competition from companies like ByteDance Ltd in social media and Baidu Inc (NASDAQ: BIDU) in AI. Alibaba will prioritize AI-dr…

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