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Asia markets mostly rise while China stocks falter; investors assess Japan inflation, Singapore GDP data

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Singapore third-quarter GDP expanded 5.4% from a year ago, outpacing the revised 3.0% in the prior quarter.

Alibaba Group's Hong Kong-listed shares dropped as much as 3.8% on Friday, a day after the company announced plans to merge all of its e-commerce arms, both domestic and international, under a single business unit, overseen by one leader.

Jiang Fan, who served as acting CEO of Alibaba's domestic e-commerce operations, has been tapped to lead the new unit. This is the first time that the Chinese tech giant has put all of its e-commerce platforms under one business unit run by a single leader , Reuters reported.

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China stocks rise on better-than-expected PMI data amid broad declines in Asia marketsAsian traders assessed third-quarter producer prices data from Australia and Caixin China manufacturing purchasing managers' index reading for October.
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