Alibaba stock price (BABA) back in focus after Qwen giveaway strains app — what to watch next week
Alibaba’s U.S.-listed shares closed up 3% at $162.51 Friday after a Qwen app giveaway in China triggered a surge in downloads and service disruptions. Qwen’s free bubble tea offer drove over 10 million orders in nine hours, pushing the app to the top of China’s App Store. Traders await Alibaba’s Feb. 19 earnings and China’s Spring Festival holiday.