(Bloomberg) -- For a decade, China’s tech giants like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. were a major driver of its economy, drawing the lion’s share of top talent to work in their ecosystems that controlled everything from messaging to payments. Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesS&P 500 Roars Back From Six-Day Slide; Bonds Surge: Markets WrapRussia Declares Victory in
In the latest trading session, Alibaba (BABA) closed at $77.87, marking a -1.32% move from the previous day.
Zacks.com users have recently been watching Alibaba (BABA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.