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Alibaba (BABA) Stock Higher as China Stocks Rally to 8-Week High

NEW YORK (TheStreet) -- Alibaba (BABA) stock is gaining by 4.93% to $71.92 in midday trading on Thursday, as some China-based U.S. traded stocks climb after China stocks rallied to an eight-week high today.

Based in Hangzhou, China, Alibaba is engaged in online and mobile commerce through products, services and technology.

The Shanghai Composite Index closed up 2.3% to 3,338.07 today...


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