Alibaba Stock Is Soaring. Why Progress on a Key Headwind Has Investors Buying. | Barron’s
stock was on a tear Wednesday amid signs that the tough regulatory landscape for Chinese tech stocks—one of two key headwinds facing the sector—is improving. Progress has put investors on a buying streak.
(ticker: BABA) jumped near 7% in U.S. premarket trading on Wednesday. The group’s Hong Kong-listed stock advanced 8.7%, leading tech stocks across the region higher to help the
close 3.2% higher.