Shares of e-commerce giant Alibaba fell as China braces for a new wave of Covid.

<div class="block">Shares of e-commerce giant Alibaba fell as China braces for a new wave of Covid.</div>

Closing Bell

Alibaba Down as China Braces for Potential Covid Surge

And shares of the Chinese e commerce company Alibaba on the move down 3% company stock among several Chinese stocks down this week. As the nation braces for a possible new wave of COVID Chinese media reporting, the potential surge could peak at 65 million cases a week next month. And that will be a test for the country's decision to reopen after prolonged lockdowns.