Alibaba Actions Are Triggered by the Launch of Alipay, a New E-Commerce Platform

El Financiero

Lean Right

Factuality

Ownership

Alibaba owns a third of Ant, a company that controls Alipay, so the change is reflected in its shares.

Business Insider (Spain)

Factuality

Ownership

Alibaba's shares rise 3% in pre-opening, while in Hong Kong they have closed the day with 5% advances, after Alipay has announced the launch of a comprehensive AI-based trading platform for businesses, according to Bloomberg. It is designed to use AI agents in task automation and according to Cyril Han, executive director of Ant Group, "Alipay will help build a new generation of AI-driven services and support trade growth through agents," he sai…