Alibaba’s Earnings Test Is Whether AI Can Pay for the Delivery Fight
Alibaba Group’s U.S.-listed American depositary receipts, the NYSE-traded proxy for the Chinese company, were quoted at $136.15 in early premarket, up 1.02%, after closing Tuesday at $134.78, down 1.84%. That is the first read on the stock today: buyers are not gone, but the chart still carries the damage from pre-earnings risk cutting. Google Finance showed Tuesday’s low at $133.82 and a 52-week high of $192.67, so the rebound starts from a bruised level, not a fresh breakout.