Alibaba (BABA) Stock Rises After Jack Ma's Apple Comments

Shares of Alibaba (BABA) were up in morning trading Tuesday after chairman and co-founder Jack Ma said he would be open to a partnership with Apple (AAPL).

Author:
Andrew Meola
Publish date:
Oct 28, 2014 11:56 AM EDT

Shares of Alibaba (BABA) were up in morning trading Tuesday after chairman and co-founder Jack Ma said he would be open to a partnership with Apple (AAPL).

NEW YORK (TheStreet) -- Shares of Alibaba (BABA) - Get Alibaba Group Holding Ltd. Report rose 2.67% to $100.40 in morning trading Tuesday after chairman and co-founder Jack Ma said he would be open to a partnership with Apple (AAPL) - Get Apple Inc. Report .

Ma spoke at the WSJDLive technology conference on Monday and said he is interested in working with Apple and the tech giant's recently-launched mobile wallet Apple Pay. Ma said he sees "great opportunities" for e-commerce to flourish in the U.S.

"I hope we can do something together," Ma said, according to the Wall Street Journal.

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Apple CEO Tim Cook said at the conference that he plans to meet with Ma later this week to discuss a possible partnership.

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