New York, Jan 31, 2026, 11:08 (EST) — Market closed.

• Alibaba’s U.S.-listed ADRs fell another 2.7% on Friday, closing at $169.56 and deepening their two-day decline.
• Sources told Reuters that China is still ironing out the conditions for approvals allowing Alibaba and other companies to purchase Nvidia’s H200 AI chips.
• Monday’s focus includes Alibaba’s debut of its AI chip alongside weak factory data from China.

Alibaba Group Holding Ltd.’s U.S.-listed shares dropped 2.7% on Friday, closing at $169.56. The Nasdaq slipped 0.9%, while trading volume for Alibaba remained below its 50-day average. The ADRs now stand roughly 12% below their 52-week high from Oct. 2, highlighting just how fast sentiment can…