Why did Alibaba shares rise almost 4% today?

[OZER]

Alibaba (NYSE:BABA) shares rose almost 4%, Tuesday, following a report that the Chinese e-commerce giant is preparing to make a move that involves gaming in the metaverse.
According to the South China Morning Post, Alibaba (BABA) has registered a new company in Beijing that will test the metaverse potential for gaming software and services. The SCMP said the company, called Yuanjing Shengsheng, is wholly owned by Alibaba's (BABA) investment arm, and is being established two months after Alibaba (BABA) set up a cloud-gaming company with a similar name.
Last week, Alibaba (BABA) shares notched sizable gains after the company replaced its chief financial officer, and Macquarie Research gave the company high marks for building a "strong moat" around its business.
Alibaba's (BABA) Tuesday gains were also in contrast to losses from Weibo (NASDAQ:WB), which fell almost 4% after Chinese regulators fined the social media company for allegedly allowing the publication of illegal information on its platforms.

[Krivokid11]

et against America! love from India ️️.

[flounder]

The fallacy of the current system is clear even for a child. The fact crypto are holding even against senseless market decisions or bans for 12 years, is a proof of resistence and programmability. The person talking about digital dollars, better than cryptos don't even understand our economy is already fully backed by digital USD

[neilwad]

enjoyed your stimulous? this is what helicopter money creates

[moon_rocks]

Dislike

[old_peculiar]

I wonder whos problem this is?

[engdahl]

Diversity and under-representation concerns with banking and minority wealth creation, CFTC and SEC common regulatory regimes, asset regulation properties and risk-gradientization vs binarization as "is security" or "is not security", spot Bitcoin ETF confusion despite futures ETF prices coming from spot prices, zk-snark-based tax ids and digital zk-based digital ids generally, FDIC insurrance on stablecoins taking into account USDC's similarities to and differences from a bank, CBDC principles, broker definition clarification and narrowing...all good stuff. Keep it up y'all! Looking forward to the next one.

[percussionist]

Feds goals of price stability and full employment are contradictory. Expansionary monetary policy impacts asset prices more than the labor market.

[Bogeyman]

NOT WITH BIDEN AS PRESIDENT OBVIOUSLY......

[energumen]

CRYPTO IS FOR THE PEOPLE, and CREATED BY THE PEOPLE.  Change My Mind.  ️

[meme5lol200]

Us dollar propaganda

[AlsoJustice]

Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.....

[demorocz]

Yes remove the people causing it and it will it's being done on purpose

[Michael_Lee]

I am a huge proponent of coinbase, mr. brooks said it very spot on on his introduction. paxos USD CEO was awesome. washington truly has no clue, but i applaud them on being proactive in trying to learn about the field.

[red_xephos12]

Yes, abolish the Fed