Alibaba team preserving BABA, -zero.19% debunked an unconfirmed file that surfaced early on Friday that it was once preparing a possible bid for Netflix Inc. NFLX, +three.eighty four% “we’re not preparing any investment into Netflix,” an Alibaba spokesperson told MarketWatch by using phone. Shares of Netflix traded up virtually four% on Friday after the document surfaced, closing round $ ninety seven.03. They’ve risen 9.5% previously three months, outperforming the S&P 500 SPX, +0.86% which is up 6.5%. They’ve underperformed on the yr, then again, falling just about 22% up to now 12 months, versus a 4% growth for the S&P. one at a time, Netflix advised MarketWatch that it would not comment on rumors or speculation but that it has been “lovely clear about China and [its] lengthy-term objectives there.” When the corporate suggested income in July, Netflix commented on the tough regulatory atmosphere in China and said the local weather for its carrier “has change into more difficult” there, but that it continues to discover choices.