---
title: "What's Going On With Alibaba Stock On Monday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215612766.md"
description: "Alibaba's stock surged 20% following China's stimulus plans, including a 50 basis point cut in banks' reserve requirement ratio and a reduction in the reverse repurchase rate. Analysts predict Alibaba will benefit significantly from these measures, bolstered by its cloud services and international expansion. Notably, Alibaba is collaborating with Nvidia to enhance autonomous driving for Chinese automakers. Investors can gain exposure to Alibaba through ETFs like AVEM and AIQ. As of Monday, BABA stock rose 4.16% in premarket trading."
datetime: "2024-09-30T11:54:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215612766.md)
  - [en](https://longbridge.com/en/news/215612766.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215612766.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/215612766.md) | [繁體中文](https://longbridge.com/zh-HK/news/215612766.md)


# What's Going On With Alibaba Stock On Monday?

**Alibaba Group Holding Limited** BABA, also known as China’s tech barometer, continued to trade higher on Monday as China shared its stimulus plans last week.

China’s central bank plans to cut banks’ reserve requirement ratio (RRR) by 50 basis points or half a percentage point. It also plans to lower the seven-day reverse repurchase rate to 1.5% from 1.7%.

**_Also Read:_** _Alibaba Follows Amazon And Walmart, Pours $5.7B Into Holiday Sales Push_

Shawn Yang of Arete Research told SCMP that he expects Alibaba, China’s leading e-commerce stock, to be the prime beneficiary of the stimulus.

As per Yang, Alibaba’s cloud services and international expansion further enhance its position. Recent reports indicated that Alibaba is collaborating with **Nvidia Corp** NVDA to boost the autonomous driving experience of Chinese smart vehicle companies like **Li Auto Inc** LI. Alibaba also partnered with **XPeng Inc** XPEV.

Appaloosa Management founder David Tepper ramped up exposure to China through Alibaba, **JD.com Inc** JD, **Baidu Inc** BIDU, and **PDD Holdings Inc** PDD, as per a CNBC interview. JD.com, Baidu, and PDD stocks are also trading up on Monday.

Last week, Alibaba and JD.com opened their walled gardens to combat the slowdown in demand. Taobao and Tmall platforms integrated JD.com’s logistics services.

JD.com agreed to leverage Alibaba’s logistics network Cainiao Global Express and Cainiao Stations and added Alipay, Alibaba’s fintech arm, as a payment option.

Alibaba stock gained 20% in the last 5 days. Investors can gain exposure to the stock through **Avantis Emerging Markets Equity ETF** AVEM and **Global X Artificial Intelligence & Technology ETF** AIQ.

**Price Action**: BABA stock is up 4.16% at $111.79 premarket at the last check Monday.

**Also Read:**

-   **Apple’s Reviews Strategy, Cuts Film Budgets After Blockbuster Spend – What’s Next for Apple TV+?**

_Image by zhu difeng on Shutterstock_

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