Alibaba (BABA) Stock Today, Nov. 24, 2025: Qwen AI Boom, Earnings Countdown and New Fraud Probes
Alibaba shares jumped Monday, with U.S.-listed ADRs closing up 5% at $160.73 and Hong Kong shares rising 4.67% to HK$154.50, after its Qwen AI app surpassed 10 million downloads in a week. Trading volume was heavy in both markets. Investors also weighed new U.S. securities-fraud probes and awaited Tuesday’s earnings report.