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Alibaba Shares Edge Higher 0.14% as Six-Billion-Chip Milestone Draws Focus

Alibaba’s U.S. depositary shares traded at $108.72, up approximately 0.14%, at 10:18 a.m. ET on October 20. The South China Morning Post reported that chief scientist Meng Jianyi announced cumulative shipment; the excerpt does not specify the shipment total.

BABA

Alibaba’s U.S. depositary shares were at $108.72, up approximately 0.14%, at 10:18 a.m. ET on October 20. The South China Morning Post reported that chief scientist Meng Jianyi announced cumulative shipment… The six-billion-chip milestone is highlighted, but the section does not specify how it relates to earnings.