08:40 AM EST, 12/30/2025 (MT Newswires) -- Consumer services were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.1% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.

Alibaba Group ( BABA ) will be one of the key investors in Chinese artificial intelligence startup MiniMax's upcoming initial public offering in Hong Kong, Bloomberg reported, citing unnamed sources. Shares of Alibaba Group ( BABA ) were 0.1% higher pre-bell.