Alibaba's stock has fallen 31% year-to-date, closely tracking the broader Chinese internet sector, which is down about 32%. This decline reflects a sector-wide retreat, with Alibaba's marketplace business facing similar pressures as peers like PDD Holdings. However, JD.com, with its inventory-based model, has fared better, declining only 9%. Alibaba's cloud computing and AI initiatives offer potential growth beyond e-commerce, but heavy spending has impacted short-term profits. Investors are watching to see if Alibaba's cloud business can help the stock break away from the sector slump and recover.
As of Oct 27, 2026 02:03 WIB, Alibaba (BABA) trades at USD 100.02 on Pluang, showing a modest 0.38% gain in the last day despite its year-to-date decline. The broader Chinese internet sector ETF KWEB is slightly up by 0.13%, while PDD Holdings has fallen 1.71% in the same period. Notably, Alibaba's market cap stands at $248.37 billion, reflecting its significant presence despite recent challenges.
