Alibaba’s 1688 Scraps ‘Refund Only’ Policy Amid Stock Surge

Summary:
• Alibaba’s 1688 revamps refund policy as BABA stock surges 72% in 2025. Will the rally continue past $148.46?

Alibaba Group (BABA) is making a bold move on its 1688 wholesale platform by eliminating the ‘refund only’ policy, signaling a shift in its approach to dispute resolution. This change, set to take effect in late March, is designed to protect sellers from fraudulent refund claims while improving overall platform integrity. The policy revamp comes when Alibaba’s stock is surging, hitting multi-month highs amid bullish investor sentiment.

What’s Changing on Alibaba’s 1688 Platform?

• Disputes over product quality will now be assessed based on buyer credibility, and eligible cases will receive compensation funded by the platform rather than by sellers.
• Other refund requests will be handled at the merchant’s discretion, shifting more power back to sellers.
• 1688 has committed to cracking down on fraudulent refund claims, ensuring that both buyers and sellers operate in a fairer marketplace.

Alibaba Stock Price – A Bullish Breakout?

Alibaba’s stock has been on a strong uptrend, with BABA trading at $146.22, just below its key resistance at $148.46. The stock has soared over 72% in 2025, reflecting renewed optimism in Chinese tech stocks and Alibaba’s restructuring efforts.

Key Technical Levels:

• Resistance Levels:
  • $148.46 – A breakout above this level could push the stock toward $155+.
  • $136.38 – A previous resistance level that now acts as support.
• Support Levels:
  • $126.80 – Critical support to watch if Alibaba experiences a pullback.
  • $117.85 – A drop below this would weaken the bullish momentum.

Final Thoughts – Alibaba’s Wild Ride in 2025

Alibaba has been on an absolute tear in 2025, surging over 72% as investors pile into Chinese tech stocks. The 1688 policy shift could be another catalyst fueling its momentum. If BABA smashes through $148.46, the rally could accelerate, pushing the stock toward fresh highs.

However, volatility is always on the table with a stock this hot. Will Alibaba continue its meteoric rise, or is a cooldown coming? Either way, investors are buckling up for what could be one of the biggest comeback stories in e-commerce.