Alibaba Stock Keeps Rising as Founder Jack Ma Reportedly Visits Europe

Alibaba stock (ticker: BABA) continued to march higher on Wednesday, a day after the Chinese e-commerce giant unveiled its own server chip, as its co-founder Jack Ma reportedly flew to Europe.

The company’s Hong Kong-listed shares surged nearly 7% on Wednesday, after its American depositary receipts (ADRs) closed 6% higher on Tuesday. The U.S.-listed shares were set to keep rising, trading close to 3% higher in premarket trading Wednesday.


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