Alibaba's U.S.-traded shares soared Monday after Chinese authorities announced plans to expand stimulus spending next year and co-founder Jack Ma highlighted the company's potential to benefit from AI ...

The deal for the department store chain is valued at 7.4 billion yuan, less than half of what Alibaba sank into it.

At an event Sunday, Alibaba co-founder Jack Ma also highlighted the company's potential to benefit from artificial intelligence. Alibaba affiliate Ant Group named Cyril Han its new CEO ...