Chinese Stocks Dominate Monday’s 10 Worst Performers

4.  Alibaba Group Holding Ltd. (NYSE:BABA)

Shares of Alibaba Group declined for a fourth straight day on Monday, losing 9.06 percent to end at $105.98 apiece as investors disposed of Chinese stocks to minimize the potential risks from the ongoing US-China trade tensions. In Hong Kong, its share prices were also down by 17.98 percent.

In recent news, the e-commerce giant announced it would expand heavily in Artificial Intelligence over the next three years, more than the amount it spent over the past decade. The announcement came at a time when companies and industries in China are slowly integrating DeepSeek into their operations to support growth.

Wu, however, declined to elaborate on the amount to allocate but emphasized that the primary objective was to pursue AI. Part of its plans would see the launch of a deep reasoning model as it seeks to compete with DeepSeek and OpenAI’s recent models that have reasoning capabilities for solving complex tasks.