Investors welcome ‘Apple-Alibaba marriage’

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The shares of Alibaba, the Chinese e-commerce giant, surged on Tuesday after the firm’s chairman Jack Ma commented on the potential tie-up between the tech behemoth and Apple.

Alibaba’s shares blasted $1.89, or 1.9%, to $99.68 and the shares had been as high as $100.67 during the day.

It was the first time that Alibaba’s share price crested $100 a piece since Sept 18, the first trading day, said Apple shares also rose 0.8 percent to about $106.