🟢 Alibaba Group is trading 3.21% up in pre-market as U.S. indices rise

Alibaba Group is trading at $103.58, up 3.21% pre-market on November 4; broader U.S. gains may support the move.

• November 3 close: $100.36; S&P 500 up 0.71%, Nasdaq up 0.64%.
• Available reporting does not link Alibaba’s Qwen iPhone developer test, scheduled for November 4, to the rise. Bloomberg reports Chinese buyers expect only about 1% of Nvidia chip orders within four months, a supply constraint affecting Alibaba and other firms—not a clear explanation for the gain.