Why Alibaba Stock Is Surging Today

Joe Tenebruso, The Motley Fool
·1-min read
Why Alibaba Stock Is Surging Today

What happened Shares of Alibaba Group (NYSE: BABA) jumped 9.3% Monday after the Chinese e-commerce leader announced a regulatory settlement. So what Alibaba was hit with a $2.8 billion fine as part of an anti-monopoly investigation.