Alibaba (BABA) Stock Rallies on Higher Fees. Why Investors Are Cheering.
BABABABA(BABA) Investor Place·2024-07-29 21:40

Alibaba (NYSE:BABA) stock is advancing more than 2%after Bloomberg reported that the Chinese e-commerce giant would start charging most merchants on its platforms a new fee. The conglomerate reportedly generates the majority of its e-commerce revenue with “customer management fees,” the news service noted.Meanwhile, Alibaba’s cloud unit increased the fees that it charges for domain names.Alibaba’s Price HikesThe e-commerce giant will begin requiring most merchants on its Chinese Taobao and Tmall e-commerce ...