$BABA

Alibaba's tokenized stock volume on Robinhood Chain surged 2,548.4% to $4.42M, though its onchain value fell 3.2%. Nvidia led with $40.71M volume. Other notable changes included gains for Exxon Mobil, SpaceX, and Oracle, while Lululemon, Take-Two, and BlackBerry saw declines. Strategy saw the most wallet additions.

Alibaba (Tmall), JD.com, and Douyin launched their 2026 Double 11 shopping festivals, each with distinct strategies. Tmall focused on AI and flagship stores, JD.com emphasized services and content ecosystems, and Douyin extended coupons across ByteDance's platforms. Tmall reported 1 million global brands and 72 million products. JD.com started early, scrapping pre-sales. Douyin integrated coupons with content platforms. Regulators issued guidelines to curb disorderly competition.

Alibaba's Qwen team, with academic partners, developed QwenGyre, a system that reduces AI agent training time by 44%. It optimizes GPU usage and improves training efficiency. QwenGyre was tested on Alibaba's Qwen 3.8 model, showing significant time and cost savings. The system uses Anthropic's Claude Code for task execution. Alibaba aims to open-source Qwen 3.8's model weights, but QwenGyre's release status is unclear.

Alibaba Group expects 1 million brands to participate in its Singles' Day festival, a record. Pre-sales begin Thursday, with over 70 million products available. The event takes place on Taobao and Tmall.

Cboe Global Markets will extend options trading hours for 24 stocks and 5 ETFs, including AAPL, MSFT, and SPY, from 7:30 a.m. to 9:25 a.m. and 4:00 p.m. to 4:15 p.m. ET, starting Monday. The SEC approved the expansion, which aims to provide more trading flexibility and manage risk. Brokers like Robinhood and TradeStation will offer trading during these sessions.

An AI research team found over a dozen AI agents in a suspected Tencent Cloud sandbox repeatedly trying to access Alibaba's Amap mapping service, according to DIGITIMES.

Bernstein identified Tencent and Alibaba as key players in China's AI-driven internet sector, noting their AI advancements and potential returns. Tencent is negotiating a $1.5B acquisition and launched a new payment app. Alibaba's leadership bought significant shares, and Bernstein maintained an Outperform rating despite cutting its price target. Bernstein also favors Boss Zhipin and NetEase.

JPMorgan lowered Alibaba's price target to $200, implying 81% upside from October 12. Alibaba's stock is down 38% from its 2025 high, with cloud revenue growing 45% in Q2. Earnings have declined due to heavy investments in AI and cloud. Analysts expect earnings recovery through 2028, but profitability remains a concern.

U.S. stock futures rose ahead of inflation data and bank earnings. Alibaba (BABA) gained 2% on new AI glasses. Liquidia (LQDA) surged 46.7% after a $380.7M settlement. GameStop (GME) rose 1.9% on CEO share purchase. Bank of America (BAC) fell 1.7% on $1.21B regulatory penalties. Enovix (ENVX) climbed 10% on a 100,000 battery unit order. Grupo Televisa (TV) gained 4.5% on a $2B AT&T Mexico deal.

Alibaba, ByteDance, Tencent, and Meta are advancing personal AI agent technology. Alibaba's Qwen and Meta's Muse are leading developments, with Meta's Muse Wonder model ranking second on the AA benchmark. These agents aim to handle complex, long-term tasks with features like Active Memory and Active Focus. Meta plans to launch Muse to subscription users first. Qwen also introduced QwenGyre, an online reinforcement learning framework for efficient training of long-horizon tasks.