Alibaba Group News - June 23, 2026
🔴 BABA is trading 2.2% down today as China sanctions US firms after Alibaba was named in tech blacklists
BABA is trading at $102.67 (2.2% down) after China announced sanctions on 10 US defense firms in retaliation for recent US tech blacklists that named the...
Alibaba's 618 Reality Check: Can AI Shopping Tools Offset a Consumer Spending Slump That Keeps Getting Worse?
Shares of Alibaba slid 3.8% to $101.01 on June 23, extending a bruising weeklong decline of roughly 10%, after China's marquee mid-year shopping festival...
🔴 BABA is trading 3.8% down today after weak 618 shopping festival data
BABA is trading 3.8% down at $101.01 after soft China 618 sales data highlighted cautious consumer spending and weaker e-commerce demand. • Online 618...
China’s 618 Sales Growth Slumps to 4%, Driven by Consumer Caution
Online sales for China’s 618 shopping festival grew 4% year-over-year, according to Syntun. This figure represents a sharp decline from the 15.2% expansion...