Why Alibaba Stock Was Gaining Today
Shares of Alibaba (NYSE: BABA) were moving higher on reports that it's planning to increase a service fee for merchants. The news was enough to lift shares of the struggling Chinese e-commerce stock by 3.2% as of 10:45 a.m. ET.
According to media reports, Alibaba will begin charging a basic software service fee of 0.6% on transactions for vendors on both its Tmall and Taobao marketplaces. The move leverages the company's leading e-commerce platforms and follows a similar tactic that Amazon has used, tacking increased fees on merchants who have little choice but to pay them.
Image source: Alibaba.
Source Fool.com
Alibaba Group Holding Ltd ADR Aktie
106,20 €
5,15 %
Die Alibaba Group Holding Ltd ADR Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Ein Kursziel von 164 € für Alibaba Group Holding Ltd ADR würde eine Steigerung von mehr als 50% gegenüber dem aktuellen Kurs von 106.2 € bedeuten.
