Why Alibaba Stock Was Gaining Today

A new merchant fee gave the stock a boost.Shares of Alibaba (BABA 2.45%) were moving higher on reports that it's planning to increase a service fee for merchants. The news was enough to lift shares of the struggling Chinese e-commerce stock by 3.2% as of 10:45 a.m. ET.Alibaba scores a winAccording to media reports, Alibaba will begin charging a basic software service fee of 0.6% on transactions for vendors on both its Tmall and Taobao marketplaces. The move leverages the company's leading e-commerce platfor ...