Alibaba (BABA) Pre-Market Shares Rise Amid Hong Kong Expansion Plans

Oct 25, 2024

Alibaba (BABA, Financial) saw a pre-market increase of 1.88%, with shares priced at $98.17. The company's e-commerce platform, Taobao, has reportedly secured a 40,000 square foot retail space in Tsim Sha Tsui, Hong Kong. The monthly rent for this location is approximately HKD 500,000. The store is expected to open by the end of the year and will be the first large-scale furniture experience store in the region.

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