The Latest Breaking News from BABA

Alibaba Group Holding (NYSE:BABA) has entered China’s competitive smart glasses market, unveiling its first AI-powered wearable, Quark AI glasses, at the World Artificial Intelligence Conference in Shanghai.

On Friday, China’s State Administration for Market Regulation (SAMR) called upon three of the country’s leading food delivery platforms: Alibaba Group’s (NYSE:BABA) Ele.me, Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD). The regulator urged these companies to adopt more “rational” competitive practices amidst an escalating price war within the sector.

U.S.-listed Chinese stocks, including tech giants Alibaba Group Holding (NYSE:BABA), PDD Holdings (NASDAQ:PDD), JD.com (NASDAQ:JD), and Baidu (NASDAQ:BIDU), experienced significant gains on Tuesday.

Alibaba is off its May $134 peak as Trump's tariff pressure is on again. Analysts have cut EPS forecasts and price targets. So, is BABA a buy? Maybe, but one attractive income play here is to short deep out-of-the-money puts.

Alibaba Group Holding (NYSE:BABA) matched its record of 80 million on-demand deliveries on Saturday, intensifying its competition with Meituan (OTC:MPNGF) (OTC:MPNGY) and JD.com (NASDAQ:JD) in China’s high-stakes quick-delivery market.

With accelerating momentum in AI and cloud computing, and strong performance across its core and international commerce platforms, Alibaba is well-positioned to deliver strong growth.

China’s cloud infrastructure spending surged by 16% year-over-year to $11.6 billion in the first quarter of 2025, primarily fueled by the accelerating adoption of enterprise artificial intelligence (AI) nationwide.

Alibaba has made a new move to expand its data center presence in the Asian region, signaling new potential upside to be had in the coming months.

Alibaba stock is down over 27% from its 2025 highs. The stock, however, looks like a good buy given its valuation and can outperform markets over the medium term.