Alibaba Stocks Surge as China Eases Ownership Limits and Boosts Market

Alibaba's stock is gaining momentum as news breaks that China is easing rules on foreign investment in domestic publicly traded companies. Additionally, there are reports that Alibaba may spin off its logistics network, Cainiao, raising $1 billion through an IPO. This positive news is contributing to the rise in U.S.-listed Chinese internet stocks.

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