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.