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Hong Kong-listed shares of Alibaba gained 2.14 per cent to close at HK$157.80 ahead of its earnings release.

Alibaba Stock Rises After Report of New AI UnitFormation: What It Means for the Company’s Future

Chinese tech giant Alibaba Group Holding Ltd. saw its shares move up in premarket trading on Monday after a report revealed that the company is planning to reorganize its artificial intelligence projects into a new unified division. According to a report by Bloomberg L.P., Alibaba is creating a new unit called Alibaba Token Hub. This…

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