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BABA-W Slumps 4%+ on Rumored US Probe on AI Co-op Plan w/ Apple
BABA-W (09988.HK) delivered quarterly results miss. Following a share slide of over 4% last Friday (16th), it opened 2.84% lower this morning (19th), before losses deepened to brin...
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BABA-W Slumps 4%+ on Rumored US Probe on AI Co-op Plan w/ Apple
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BABA-W (09988.HK)  -4.200 (-3.556%)    Short selling $2.60B; Ratio 11.170%   delivered quarterly results miss. Following a share slide of over 4% last Friday (16th), it opened 2.84% lower this morning (19th), before losses deepened to bring the stock bottom at HK$117.6. It last posted at HK$117.7, down 4.62%, with 28.0728 million shares traded, amounting to HK$3.345 billion.

U.S. White House and congressional officials have reportedly been reviewing Apple’s (AAPL.US)      AI cooperation plan with Alibaba over the past few months, as Apple aims to introduce its AI, Apple Intelligence, to China, with Alibaba as one of the partners.

Related NewsG Sachs Trims MEITUAN-W's TP to HKD172 on Intensified Competition
Separately, the U.S. government is discussing whether to include Alibaba and other Chinese AI companies on a list prohibiting business with U.S. companies, report told.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-30 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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