U.S. Stock Market News | Alibaba's stock rose nearly 3%, with its market value briefly surpassing $200 billion

Zhitong
2024.08.23 14:50
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According to Zhitong Finance, on Friday, Alibaba's stock price rose, with the stock up nearly 3% to $85.31 as of the time of publication, and the market value of the stock once again reached $200 billion. On the news front, Alibaba announced on the morning of August 23 that on August 28, 2024, the voluntary conversion of the company's secondary listing on the Hong Kong Stock Exchange to a primary listing will take effect

According to Zhitong Finance, on Friday, Alibaba (BABA.US) saw its stock price rise, with the stock up nearly 3% to $85.31 as of the time of publication, bringing the market value of the stock back to $200 billion at one point. In terms of news, Alibaba announced on the morning of August 23rd on the Hong Kong Stock Exchange that the voluntary conversion of the company's secondary listing on the Hong Kong Stock Exchange to a primary listing will take effect on August 28, 2024

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