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What’s Going On With Alibaba Stock On Thursday?

Alibaba Group (NYSE: BABA) is considering a $5 billion convertible bond sale, following rival JD's move. This could fund share repurchases and growth. BABA's ADRs have dropped 6.6% this week. Reports of bearish sentiment from U.S. short sellers may have caused this. BABA reported 7% revenue growth in Q4 2023. BABA stock has lost 0.24% in the last 12 months.

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Alibaba Sparks AI Price War With Massive Discounts: Report

Alibaba Group (NYSE:BABA) has drastically cut prices on its AI services by up to 97%, sparking a fierce price war in China's burgeoning AI sector. Competitors Baidu (NASDAQ:BIDU) and ByteDance have swiftly responded with aggressive pricing and free services. This competition highlights the intense race among Chinese tech giants, including Tencent, to dominate the AI market, fueled by massive investments and strategic restructuring efforts.

BABA