Alibaba launches Token Foundry AI unit to spearhead growth, but BABA stock remains under pressure, trading down at $120.14 on Monday.

The new division puts CEO Eddie Wu at the centre of Alibaba’s AI strategy as the company seeks fresh growth drivers.

Alibaba launches Token Foundry AI unit to spearhead growth, but BABA stock remains under pressure, trading down at $120.14 on Monday.

Alibaba (BABA) stock slips 4.51% to $110.18 premarket as an intense regulatory holiday crackdown clashes with an official U.S. Pentagon military-linked blacklist.