Alibaba stock price slips 3% into weekend as Qwen AI rollout meets China data week
Alibaba shares fell 3.2% to $165.40 Friday, ending a short rally before the U.S. market holiday. The company upgraded its Qwen AI app this week, adding food delivery and travel booking features now in public testing across China. China’s GDP and activity data will be released Monday, with markets watching for signs of slowing growth.