Alibaba stock price slips 3% into weekend as Qwen AI rollout meets China data week
NEW YORK, Jan 17, 2026, 11:06 (EST) — Market closed Alibaba Group Holding’s shares on the U.S. market dipped 3.2% Friday, ending at $165.40 after swinging between $163.52 and $170.40. U.S. stock markets will be closed Monday in observance of Martin Luther King Jr. Day, reopening Tuesday. (Nasdaq) Investors now face two main questions ahead of the next New York session: can Alibaba’s consumer AI push actually boost spending, and will new China data shift sentiment on the economy? Alibaba is once again serving as a swift gauge of sentiment in China’s tech scene. When broader market trends shift, BABA