The Chinese company Alibaba decided to expand its business. In October, the company invested in the Chinese manufacturer of microprocessors C-Sky Microsystems to promote the development of the processors that support its own operating system Alibaba - AliOS. Alibaba will use this operating system in their projects intended to equip smart home appliances, homes and cities. The new cooperation will positively affect the stocks of the company.
Over the past few days, Alibaba stocks have grown by 2.8% and will continue their active growth on the news. This is a great opportunity for traders to make good money. Trade will be available during the American trading session, from 13:40 to 20:00 GMT.
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