Alibaba Group is trading 4.34% lower now at ARS 19,830.00 as investors react to renewed securities-class-action reminders, potential share-issuance dilution concerns, and scrutiny of alleged AI-data activities.
- Profit-taking followed the recent Apsara Conference rally, where the company announced the Zhenwu V900 chip and more than $53 billion in planned AI investment.
- Broader weakness in technology stocks and elevated yields added pressure.