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About Alibaba
BABA tracks the value of 1 American depositary share of Alibaba Group Holding Ltd. Alibaba operates e-commerce marketplaces, cloud services, and digital payments in China.
On Lighter, BABA is a synthetic perpetual market with its own order book, so its mark price, funding rate and open interest can differ from the same instrument on another venue.
BABA is listed as a Lighter synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: China Equity, Consumer Tech.
US Market Hours vs Lighter 24/7 Perpetual
Comparing BABA New York Stock Exchange session hours with continuous crypto trading
- Regular Session
- 09:30 – 16:00 ET
- Trading Days
- Mon – Fri (Closed Weekends & Holidays)
- Settlement Rule
- T+1 Settlement (No same-day resale)
- Trading Hours
- Continuous 24 Hours / Day
- Lunch Break
- None (No Midday Pause)
- Weekend Trading
- Active 24/7 (No Weekend Shutdown)
- Trading Schedule
- Monday – Sunday 365 Days
- Settlement Rule
- T+0 Instant Execution & Hedging
Frequently Asked Questions
- Does trading BABA give me any of the rights of owning Alibaba stock?
- No. BABA is a synthetic perpetual with no delivery mechanism or arbitrage bridge to Alibaba's actual ADS. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying shares.
- Does BABA track the American Depositary Share (ADS) or Alibaba's Hong Kong-listed ordinary share?
- It tracks the ADS, which trades in USD. Alibaba is dual-primary-listed: its ADS trades on the NYSE in U.S. dollars, and its ordinary shares also trade on the Stock Exchange of Hong Kong in Hong Kong dollars (HKD). Because BABA tracks the USD-denominated ADS, no live FX conversion is needed for the price.
- How is BABA different from other names, like COIN?
- BABA tracks a Chinese e-commerce, cloud, and digital-payments conglomerate whose core business is tied to the Chinese market. COIN, by contrast, operates a cryptocurrency exchange with no comparable single-country retail business.
- BABA on Lighter is a synthetic perpetual market that tracks 1 American depositary share of Alibaba Group Holding Ltd. It trades on Lighter, so you can go long or short without holding any shares.
- BABA on Lighter is a synthetic perpetual market that tracks 1 American depositary share of Alibaba Group Holding Ltd. It trades on Lighter, so you can go long or short without holding any shares.
- Can BABA's price on Lighter differ from the price on other venues?
- Yes. Lighter's BABA market runs its own order book, so its mark price, funding rate, and open interest can differ from the same instrument on another venue.
- What does it mean that Lighter runs its own order book?
- An order book is the live list of buy and sell orders in a market. Because BABA on Lighter has its own book, prices are set by the orders on Lighter itself rather than imported from any other market.
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