Alibaba stock price today: BABA slips in premarket after Qwen coupon snag, Amap faces scrutiny
Alibaba’s U.S.-listed shares fell 0.6% in premarket trading Monday after its Qwen AI chatbot halted a promotional coupon giveaway due to technical issues. The Hong Kong-listed stock closed up 2.3%. China’s transport ministry summoned Alibaba’s Amap ride-hailing unit over pricing and driver pay, prompting Amap to pledge compliance. Alibaba said Qwen processed 10 million orders in nine hours before the disruption.